Fitch: Capital controls could be relaxed from late 2016

Fitch Ratings-said yesterday that Greek authorities are likely to want to see further improvements in investor and customer confidence before capital controls, introduced in June 2015, are materially eased at Greek banks.

In its view, the economic and political environment remains fragile and confidence has not yet returned to the financial system. Fitch’s standalone viability ratings assigned to the Greek banks remain at ΄f΄.

Fitch went on stressing that capital controls could be gradually relaxed from late 2016 if the political and operating environments are stable and Greece continues to deliver the reforms envisaged in its economic adjustment programme.

Source:capital.gr