Greek Banks Will Need to Raise 10% of New Capital: Kathimerini

Greece will ask the country’s banks to raise about 10 percent of their additional capital requirements, needed to cover losses from a Greek debt swap, from either old or new shareholders, Kathimerini reported, without saying how it got the information.

Greece will make the request, which will be in co-operation with the International Monetary Fund, the European Commission and the European Central Bank, so that banks are able to maintain their autonomy, the Athens-based newspaper said today in its online version.