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Actionable news in NBG: NATIONAL BANK OF GREECE S.A.,

UPDATE 1-Greek bank recapitalisation needs seen at less than 20 bln euros -bankers

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By George Georgiopoulos and Lefteris Papadimas

Oct 20 (Reuters) - Recapitalising Greece's four main banks will cost less than 20 billion euros ($23 billion), two senior bankers with direct knowledge of the matter said on Tuesday ahead of the outcome of an assessment of their needs expected by the end of the month.

Capital controls, new austerity measures imposed as part of the country's third bailout and a mountain of non-performing loans have increased the credit risk and deteriorated the profitability outlook of Greece's banks.

The European Central Bank's Single Supervisory Mechanism is currently assessing the capital needs of National Bank of Greece ...


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