VARIOUS: Twenty-five banks fail Europe's "stress test"

Record ID: 565617

  • Title: VARIOUS: Twenty-five banks fail Europe's "stress test"
  • Date: 26th October 2014
  • Summary: ATHENS, GREECE (FILE - 2014) (REUTERS) EXTERIOR OF BANK OF CYPRUS SIGN READING (Greek and English): "BANK OF CYPRUS" EXTERIOR OF HELLENIC BANK HELLENIC BANK ATM MACHINE HELLENIC BANK EXTERIOR EXTERIOR OF NATIONAL BANK OF GREECE DETAIL OF NATIONAL BANK OF GREECE LETTERS ON WALL READING (English): "NATIONAL BANK OF GREECE" EXTERIOR PIREUS BANK SIGN READING (English): "PIREUS BANK" EXTERIOR EUROBANK SIGN READING EUROBANK LISBON, PORTUGAL (FILE) (REUTERS) CAR DRIVING / MARQUES DE POMBAL SQUARE IN THE FOREGROUND MARQUES DE POMBAL SQUARE EXTERIOR OF MILLENNIUM BANCO COMMERCIAL PORTUGUES BRANCH MILLENNIUM BANCO COMMERCIAL PORTUGUES SIGN WOMAN WITHDRAWING MONEY AT MILLENNIUM BANCO COMMERCIAL PORTUGUES ATM SIENA, ITALY (FILE - JUNE 27, 2012) (REUTERS) HEADQUARTERS OF ITALY'S OLDEST BANK, MONTE PASCHI DI SIENA ENTRANCE TO MONTE DEI PASCHI DI SIENA PEOPLE ENTERING BANK SIGN READING (Italian): "MONTE DEI PASCHI"
  • Embargoed: 10th November 2014 12:00
  • Keywords:
  • Location: Austria, Italy, Greece, Slovenia, France
  • City:
  • Country: Greece Austria Italy Slovenia France
  • Topics: Finance
  • Reuters ID: LVAAY8YQO4436DJ3DL2H97HHJBG9
  • Story Text: Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank announced on Sunday (October 26).
    Under a European Bank Authority (EBA) healthcheck, 24 banks fell short of a target to hold common equity of 5.5 percent or more of their risk-weighted assets under a stressed 3-year recession scenario, based on their balance sheets at the end of 2013.
    Any bank falling short of that level needs to take action to get to that target, and the EBA said 14 banks still had work to do at the end of September 2014.
    Another bank, Spain's Liberbank, narrowly passed the EBA's target but its capital starting point was deemed to have been below a target set by the European Central Bank for banks in the euro zone.
    The following is a list of the 25 banks, which failed the EBA health checks:
    AUSTRIA
    Volksbanken

    BELGIUM
    AXA Bank Europe
    Dexia

    CYPRUS
    Bank of Cyprus
    Co-operative Central Bank
    Hellenic Bank

    GERMANY
    Munchener Hypothekenbank

    FRANCE crh

    GREECE
    Eurobank
    National Bank of Greece
    Piraeus Bank

    IRELAND
    Permanent TSB

    ITALY
    Banca Carige
    Banca Monte dei Paschi
    Banca Piccolo Credito Valtellinese
    Banca Pop Dell'Emilia Romagna
    Banca Pop di Milano
    Banca Pop di Sondrio
    Banca Pop di Vicenza
    Banca Pop Societa Cooperativa
    Veneto Banca

    PORTUGAL
    Banco Comercial Portugues

    SLOVENIA
    Nova Kreditna Banka Maribor
    Nova Ljubljanska banka
  • Copyright Holder: FILE REUTERS (CAN SELL)
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