Advertisement
Canada markets closed
  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CAD/USD

    0.7301
    +0.0004 (+0.05%)
     
  • CRUDE OIL

    82.70
    -0.11 (-0.13%)
     
  • Bitcoin CAD

    88,318.27
    -3,157.16 (-3.45%)
     
  • CMC Crypto 200

    1,394.25
    -29.85 (-2.10%)
     
  • GOLD FUTURES

    2,328.50
    -9.90 (-0.42%)
     
  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • NASDAQ futures

    17,482.50
    -182.00 (-1.03%)
     
  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • NIKKEI 225

    37,920.27
    -539.81 (-1.40%)
     
  • CAD/EUR

    0.6817
    -0.0002 (-0.03%)
     

Greek banks won't need full 25 billion euros - bank association head

A Greek flag flutters in the wind as tourists visit the archaeological site of the Acropolis hill in Athens, Greece July 26, 2015. REUTERS/Ronen Zvulun

BERLIN (Reuters) - The head of the Greek banking association told a German newspaper she did not think that Greek banks would need all of the 25 billion euros (18.5 billion pounds) that has been set aside for their recapitalisation as part of the country's third bailout.

Asked in an interview with business daily Handelsblatt how much fresh capital the banks still needed, Louka Katseli said: "I wouldn't dare give you a number but my personal opinion is that the banks will not need the entire 25 billion euros."

Katseli also said it was possible that private investors would put between 5 and 6 billion euros into Greek banks.

She said Greek banks were "healthy" overall.

(Reporting by Michelle Martin; Editing by Noah Barkin)