The European Central Bank said on Wednesday that 128 banks would be included in the upcoming asset-quality review of the common currency bloc΄s top banks.
The ECB wants to unearth potential risks hidden in balance sheets before supervision is centralized under its roof from November 2014 as part of a European banking union drawn up in response to a debt crisis exacerbated by massive bad property loans in countries like Ireland and Spain.
The provisional list of banks to be reviewed includes 4 Greek banks:
Alpha Bank, S.A.
Eurobank Ergasias, S.A.
National Bank of Greece, S.A.
Piraeus Bank, S.A.
Eurobank Ergasias, S.A.
National Bank of Greece, S.A.
Piraeus Bank, S.A.
Source: Reuters.