Eurogiro members did well in EU bank stress test
The stress test by CEBS (Committee of European Banking Supervisors) concerned six Eurogiro members being Sydbank (DK), Deutsche Postbank (DE), Deutsche Bank (DE), EFG Eurobank (GR), Santander (ES) and BBVA (ES). All passed the stress limit set by CEBS and maintained their Tier 1 capital ratio well above 6%.
CEBS informs that the test was mandated by ECOFIN and the European Central Bank to provide policy information for assessing the resilience of the EU banking system to possible adverse economic development and to assess the ability of banks in the exercise to absorb possible shocks of credit and market risks, including sovereign risks. 7 banks out of 91 tested would see their tier 1 capital fall below 6%.
Eurogiro congratulates on the good results.
More information here