Factbox: EBA says 24 banks fail Europe's "stress test"

Hellenic Bank Pcl

26/10/2014 11:36

LONDON, Oct 26 (Reuters) - Some 24 European banks failed a 
"stress test" of their capital strength conducted by the 
European Banking Authority.  ID:nL6N0SJ42J  
    Under the EBA's healthcheck, banks needed to hold common 
equity of 5.5 percent or more of their risk-weighted assets 
under a stressed 3-year recession scenario as 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. 
    The following are details released by the EBA on Sunday of 
the 24 banks. Several other banks narrowly passed and had a 
common equity capital ratio of less than 6.5 percent at the end 
of 2013 under the stressed scenario. (CET1: common equity Tier 1 
ratio in percentage of risk-weighted assets; capital shortfall 
in billions of euros. Source: EBA): 
     
 BANK                                    CET1 RATIO    CAPITAL   
       
                                         AT END-2013   SHORTFALL 
                                         'ADVERSE'     END-SEPT  
 AUSTRIA 
 Volksbanken                                2.1         0.86 
 BELGIUM 
 AXA Bank Europe                            3.4         0.07 
 Dexia                                      5.0         0.34 
 CYPRUS 
 Bank of Cyprus                             1.5         -- 
 Co-operative Central Bank                 -8.0         -- 
 Hellenic Bank                             -0.5         0.18 
 GERMANY 
 Munchener Hypothekenbank                   2.9         -- 
 FRANCE 
 crh                                        5.5         -- 
 GREECE 
 Eurobank                                  -6.4         1.76 
 National Bank of Greece                   -0.4         0.93 
 Piraeus Bank                               4.4         -- 
 IRELAND 
 Permanent TSB                              1.0         0.85 
 ITALY 
 Banca Carige                              -2.4         0.81 
 Banca Monte dei Paschi                    -0.1         2.11 
 Banca Piccolo Credito Valtellinese         3.5         -- 
 Banca Pop Dell'Emilia Romagna              5.2         -- 
 Banca Pop di Milano                        4.0         0.17 
 Banca Pop di Sondrio                       4.2         -- 
 Banca Pop di Vicenza                       3.2         0.22 
 Banca Pop Societa Cooperativa              4.7         -- 
 Veneto Banca                               2.7         --       
               
 PORTUGAL 
 Banco Comercial Portugues                  3.0         1.15 
 SLOVENIA 
 Nova Kreditna Banka Maribor                4.4         0.03 
 Nova Ljubljanska banka                     5.0         0.03 
      
    SELECTED 'NARROW' PASSES 
 GERMANY 
 HSH Nordbank                               6.1 
 ITALY 
 Mediobanca                                 6.2 
 UK 
 Lloyds Banking Group                       6.2 
 
 (Compiled by Steve Slater and Huw Jones; Editing by Alexander 
Smith) 
 ((steve.slater@thomsonreuters.com; +44 (0) 20 7542 4367; 
Reuters Messaging: steve.slater.thomsonreuters.com@reuters.net 
and follow me on twitter @reuterssteves)) 
 
Keywords: EU BANKS/CAPITAL