FRANKFURT, Germany (AP) — The European Central Bank says Greece's battered banks need 14.4 billion euros ($15.8 billion) in fresh money to get back on their feet and resume normal business.

The figure announced Saturday is the result of an ECB review of Greece's four main banks, which now must submit plans to raise the money to boost their capital buffers against losses. That could come from investors, sacrifices by lenders, or from the 86 billion-euro ($94.6 billion) bailout from other eurozone governments.

The hole the ECB found is smaller than originally feared. The bailout provided for up to 25 billion euros to fix the banks.

Greece is racing to bail out the banks before year end, when new European rules take effect that will require losses by major depositors such as small businesses.