Greece’s ATEbank fails stress test

Greece's state-controlled ATEbank failed the European Union stress test, the bank said on Friday.Under the most adverse scenario, with sovereign shock, it would have a Tier 1 ratio of 4.36 percent. Its shortfall under this scenario would amount to 242.6 million euros.
"The Bank will proceed to a capital increase to cover future capital adequacy needs," it said in a statement.