Capitalisation of Greek banks ‘relatively good’, ECB Supervisory Board Chair tells European Parliament

Following the recapitalisation in 2015, the capitalisation of Greek banks was “relatively good” and adequate, the European Central Bank’s (ECB) Supervisory Board Chair Danièle Nouy said in the European Parliament on Thursday.

Replying to SYRIZA MEP and European Parliament Vice-President Dimitris Papadimoulis, Nouy said she had seen progress during her recent visit to Athens.

“I saw, and I said this to Greek banks, that they have made progress and are making good efforts to respond to the problems,” she said.

“As regards adequate capitalisation, I replied to a question on whether I consider that they need more capital. I do not think this is the issue in the present phase…they do face challenges, however.
Known challenges. They recently adopted measures to address the challenge of management, relating to the composition of the board members and transparency in management and there is new legislation on this. I consider that this is a good step in the right direction,” she said.

While there was great progress, which was noted, Nouy noted that great commitment was still needed , “which was normal”.

“The state of banks in Greece does not differ from that of banks in other countries, there are always difficulties and challenges,” she added.