Banks that failed or nearly failed EU stress tests

AP News
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Posted: Jul 15, 2011 5:20 PM
Banks that failed or nearly failed EU stress tests

Here are the banks that failed European Union stress tests that project how their finances would fare in another recession. Banks were required to show they could maintain high-quality capital reserves equal to 5 percent of their outstanding loans, investments and other risky assets.

Those that almost failed had between 5 percent and 6 percent.

The banks that failed have been asked by European banking regulators to strengthen their finances "promptly."

FAILED:

Austria:

_Oesterreichische Volksbank AG

Germany:

_Helaba (withdrew from tests after dispute over capital definition with EBA, but would not have passed under EBA ruling)

Greece:

_ATEBank

_EFG Eurobank

Spain:

_Catalunya Caixa

_Caja de Ahorros de Mediterraneo

_Banco Pastor SA

_Unnim

_Group Caja3

ALMOST FAILED:

Cyprus:

_Marfin Popular Bank

Germany:

_HSH Nordbank

_Nord LB

Greece:

_Piraeus Bank

_TT Hellenic Postbank

Italy:

_Banco Popolare SC

Portugal:

_Banco Comercial Portugues

_Espirito Santo Financial Group

Slovenia:

_Nova Ljubljanska Banka DD

Spain:

_BFA Bankia

_Banco de Sabadell SA

_Banco Popular Espanol SA

_Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra

_Bankinter SA

_Grupo Banca Civica

_Caja de Ahorros y M.P. de Ontinyent