Greek Banks May Need Extra 40 Billion Euros, Kathimerini Says

Greek banks will need to raise around 40 billion euros ($53 billion) in additional capital to cover losses from a Greek debt swap plan, following a review of loan portfolios by Blackrock Solutions, Kathimerini said, citing Bank of Greece estimates.

Officials from Greece’s largest banks say the amount needed in extra capital won’t be more than 30 billion euros, the Athens-based newspaper reported today, without saying how it got that information.