Greece's Four Biggest Banks Are Expected To Lose Money

- May 11, 2018-


Greece's four biggest Banks are expected to lose 15.5 billion euros ($18.6 billion) over the next two years as the Greek economy falter, according to a stress test released by the European central bank. The European central bank wants to use stress tests to assess the stability of its financial system before it stops accepting the 86 billion euro ($106 billion) bailout. The results of the stress tests of 33 Banks from other eurozone countries will be released in early November. The test is the four biggest Banks in Greece - Piraeus, Greek national bank, Eurobank and alpha bank.