European Central Bank

/ Are the Austrian OVAG and Greeks ATE Bank and Eurobank. Five Spanish entities have suspended the stress test. Italian and Irish banks submitted to the examination have passed it. The EBA did not publish proof of solvency of the German bank Helaba, allegedly suspended. He withdrew from consideration this week. The European Central Bank calls for countries to take measures.

The European banking authority (EBA) has published this Friday the results of tests of solvency, or stress test, 90 European financial institutions. Of the 25 Spanish that have been tabled, five have been suspended (Banco Pastor, CatalunyCaixa, Caja3, Unnim and CAM). Only other three European entities (an Austrian and two Greek) have not passed the exam. Germany the twelve German banks that were subjected to the tests of solvency have exceeded the required minimum, as reported by the Central Bank of Germany (Bundesbank). The proportion between the capital of maximum quality and these institutions risk-weighted assets stood at 7.5% on average, far from the 5% minimum. EBA not finally published proof of solvency of the Bank regional public Helaba, allegedly suspended according to German media, and who withdrew from consideration this week alleging discrepancies about the evaluation criteria.

Italy five Italian banks (which represent over 62% of the total assets of the banking system of the country) which have undergone the tests passed the test. UniCredit, Intesa Sanpaolo, Banca Monte dei Paschi di Siena (MPS), Banco Popolare and Union of Italian banks (UBI Banca), those who successfully confronted this test last year, overcame these new tests. Italian banks wide margin outweigh the value of rrencia of 5% of Core Tier 1 established by the solvency test, indicated in a statement the director general of the Bank of Italy, Fabrizio Saccomanni. Greece two of six Greek banks that participated in the test – the ATE Bank and the Eurobank have not reached the required minimum.

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