Banks that failed or nearly failed EU stress tests

July 15, 2011 - 5:29 PM

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