Forex Flash: Greek Banks to need more money for recapitalisation – Nomura

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FXstreet.com (Barcelona) - Nomura economists have flagged reports in Greek publication Kathimerini which claim that Greek banks may request more than EUR 30bln in recap funds as a result of rising non-performing loans and the countries debt buyback. The paper cites unnamed officials and claims that the countries four biggest banks are expected to loose EUR 1.5bln of income from interest payments on bonds they tendered in Greece´s debt buyback.



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This article appears in: Investing , Forex and Currencies

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