All Greek banks successfully passed European stress tests

All Greek banks successfully passed the stress tests conducated by the European Banking Authority, based on their current figures and the business moves they have made.
Despite adverse projections of the tests, the Greek banks’ Core Tier 1 ratio was higher than the supervisory level of 5.0 pct. This year’s stress tests were based on a more strict methodology compared with last year, as the benchmark level was set at 5.0 pct, from 6.0 pct in 2010, while they used the Core Tier 1 capital adequacy ratio instead of the Tier 1 ratio last year.

Greek banks performance

National Bank: with a performance of 7.7 pct it easily passed the 5.0 pct level.
Eurobank: with a performance of 7.6 pct (after a provision for additional measures) the bank passed the 5.0 pct level.
Alpha Bank: with a performance of 7.4 pct the bank easily passed the 5.0 pct level.
Piraeus Bank: with a performance of 5.3 pct the bank passed the 5.0 pct level.
ATEbank: with a performance of 6.0 pct (after a provision for additional measures) the bank passed the 5.0 pct level.
Bank of Cyprus: with a performance of 6.2 pct the bank passed the 5.0 pct level.
Marfin Popular Bank: with a performance of 6.2 pct the bank passed the 5.0 pct level.