January 31, 2018 / 5:31 PM / a year ago

ECB to publish results of Greek banks' test in May

FILE PHOTO - The European Central Bank (ECB) headquarters are pictured in Frankfurt, Germany December 14, 2017. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) - The European Central Bank will publish the results of a stress test of Greece’s four largest banks in May to allow time for any capital shortfall to be filled before Greece leaves its bailout program in August.

“In order to complete the test before the end of the third European Stability Mechanism stability support program for Greece, the timetable will be accelerated and the results are expected to be published in May,” the ECB said.

The announcement confirms a Reuters report published in November. Test results for the remaining 33 lenders from other euro zone countries will be published on Nov. 2.

Reporting By Francesco Canepa; Editing by Catherine Evans

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