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EU, IMF May Relax Greek Bank Capital Ratios, Kathimerini Reports

Jan. 5 (Bloomberg) -- The European Commission, International Monetary Fund and European Central Bank may allow Greek banks to ease their capital requirements to the level set for other European banks, Kathimerini reported, without saying where it got the information.

Under the terms of a 2010 bailout for Greece from the three institutions, the country’s banks were required to raise their core Tier 1 capital ratio to 10 percent.

The three institutions may cut that requirement to 9 percent in line with other European banks, the Athens-based newspaper said.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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