Nobody's
Γένοιο οἷος εἷ
RPT-All Portuguese banks passed stress tests
- BoP
Reuters - 15/07/2011 18:22:01
(Repeats to new USN without changes)
LISBON, July 15 (Reuters) - All four Portuguese banks tested by the European Banking Authority among 91 banks in Europe have passed the financial stress tests, showing core Tier 1 ratios above 5 percent under the adverse scenario in 2012, the Bank of Portugal said on Friday.
The banks, that account for two-thirds of consolidated banking assets in Portugal, are the state-run Caixa Geral de Depositos, largest listed bank Millennium bcp (BCP.LS), Espirito Santo Financial Group -- the holding company of Banco Espirito Santo (BESNN.LS) -- and Banco BPI (BPI.LS).
Portugal is receiving EU/IMF rescue funds under a 78 billion euro bailout agreed in May. Bailout terms already include requirements for banks to raise their capital ratios and set aside 12 billion euros for banks' recapitalisation needs. (Reporting by Sergio Goncalves, writing by Andrei Khalip) [email protected]))
Keywords: BANKS TEST/PORTUGAL
- BoP




LISBON, July 15 (Reuters) - All four Portuguese banks tested by the European Banking Authority among 91 banks in Europe have passed the financial stress tests, showing core Tier 1 ratios above 5 percent under the adverse scenario in 2012, the Bank of Portugal said on Friday.
The banks, that account for two-thirds of consolidated banking assets in Portugal, are the state-run Caixa Geral de Depositos, largest listed bank Millennium bcp (BCP.LS), Espirito Santo Financial Group -- the holding company of Banco Espirito Santo (BESNN.LS) -- and Banco BPI (BPI.LS).
Portugal is receiving EU/IMF rescue funds under a 78 billion euro bailout agreed in May. Bailout terms already include requirements for banks to raise their capital ratios and set aside 12 billion euros for banks' recapitalisation needs. (Reporting by Sergio Goncalves, writing by Andrei Khalip) [email protected]))
Keywords: BANKS TEST/PORTUGAL
