“Greece is likely to qualify for recapitalization funds for its banks by a Nov. 15 deadline because the payment depends mainly on financial sector reforms that it can implement by then,” euro zone officials told Reuters.

The third bailout includes fund up to 25 billion euros for the recapitalization of the Greek banks, as Reuters reports adding that “of that total, 10 billion is already in an account in Luxembourg, ready to be wired to Greece”.

Euro zone deputy finance ministers discussed the reforms and the timetable of disbursements at a teleconference on Friday and decided to divide the reforms that Greece needs to make in two sets.

The first set would have to be completed or passed by parliament by mid-October, officials said and their completion would be the basis for the disbursement of 2 billion out of the 3 billion euros.

The Greek parliament is to start passing the necessary laws on October 9th.