Countdown Starts for Latest Greek Bank Stress Test Results
- Greek officials are confident lenders will pass the exam
- Release date could still shift; results haven’t been finalized
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The European Central Bank will probably announce the stress-test results for Greece’s four largest banks on May 4 or May 5, leaving more than three months to sort out any problems before the country’s latest bailout program expires, according to a European Union official familiar with the plan.
The Greek government has nearly 20 billion euros ($24.7 billion) of bailout cash left to shore up banks before the program ends in August. If the banks don’t need the money, it can be used to tackle other needs, such as debt-relief measures. And confidence is growing that Piraeus Bank, National Bank of Greece, Alpha Bank and Eurobank Ergasias will pass the exam.