24 June, 2009
According to a Bank of Greece report on financial stability, published yesterday (June 23), the fundamentals of the Greek banking system are healthy and the sector could withstand even the most severe crisis.
"The results of the stress tests on lenders were encouraging, showing that the banking sector is in a position to handle particularly intense shocks, which have exceptionally little likelihood of appearing" said the country’s central bank in a statement.
The "stress test" -prepared in cooperation with the International Monetary Fund- was based on a sample of nine banks and aimed at evaluating the potential of the Greek banking system.
Source: GREEK NEWS AGENDA issued by the Secretariat Genera