ECB assessment finds capital shortfall at four largest Greek banks
Banks must submit recapitalisation plan by November 6
An assessment by the European Central Bank (ECB) has uncovered capital shortfalls at four "significant" Greek commercial banks, it said on October 31.
It's banking supervision directorate carried out a "comprehensive assessment" of the country's four largest banks: Alpha Bank, Eurobank, NBG and Piraeus Bank. The assessment comprised an asset quality review (AQR) and a stress test.
The stress test included a baseline scenario and an adverse scenario. Under the baseline scenario, the four banks
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