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Greek Banks Experience Heightening Deposits

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A National Bank of Greece delegate stated that financial institutions in the nation have experienced heightening deposits, after capital controls were abated.

An approximate 1 billion euro rise in deposits has occurred since July 20th, when the banks reopened. An unnamed official confirmed that the European Central Bank will assess the bank's bookkeeping, while a stress test will be administered in October.

The shares of National Bank of Greece SA, Eurobank Ergasias SA, Alpha Bank AE, and Piraeus Bank SA, dipped by an approximated 50% since the start of trading yesterday, after a five-week halt.

(Source: Bloomberg)