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

Hellenic Bank Pcl

26/10/2014 13:10

(Adds details on more banks) 
    LONDON, Oct 26 (Reuters) - Some 25 European banks failed a 
"stress test" of their capital strength conducted by European 
authorities.  
    Under a European Bank Authority 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 are details released by the EBA on Sunday, 
including data on banks who narrowly passed and had a common 
equity capital ratio of less than 6.5 percent 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   
       
                                       UNDER ADVERSE   SHORTFALL 
                                           TEST        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 
 DZ Bank                                    6.0 
 HSH Nordbank                               6.1 
 IKB Deutsche Industriebank                 6.5 
 Wustenrot Bank                             6.5 
 ITALY 
 Mediobanca                                 6.2 
 PORTUGAL 
 Caixa Geral de Depositos                   6.1 
 SPAIN 
 Liberbank*                                 5.6 
 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