Four banks pass ECB stress test

FRANKFURT:

Four euro zone banks that recently fell under the European Central Bank’s (ECB) supervision passed a stress test exercise, which uncovered no capital shortfalls, the ECB said on Friday. The banks - Italy’s Cassa Centrale Banca and Iccrea Banca, Estonia’s Luminor Bank and Lithuania’s Šiauli- bankas - have all been classified as significant institutions with their supervision passing to the ECB from local authorities. “The comprehensive assessment shows that none of the four banks face any capital shortfalls, as they did not fall below the relevant thresholds used in the asset quality review and the stress test,” the ECB said in a statement.

Published in The Express Tribune, July 11^th, 2021.

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