2010 European Union bank stress test

A European Union-wide banking stress test exercise has been conducted by the Committee of European Banking Supervisors every year since 2009. The second instance was performed in July 2010. The Council of the European Union (in its economic and financial – ECOFIN – configuration) mandated that Committee so to do, in the aftermath of the 2007–2008 financial crisis.

Summary of 2010 results by bank

The 2010 test was the second of its kind, which assesses the financial strength of European banks under different adverse scenarios. This was done in co-operation with the European Central Bank, the European Commission and the national supervisory authorities of the member states.

The 2010 results were released on 23 July 2010.[1] Of the 90 banks tested, 7 failed the 6% tier 1 capital ratio threshold: five in Spain (Unnim, Diada, Espiga, Banca Cívica, and Cajasur), one in Germany (Hypo Real Estate), and one in Greece (ATEBank).[2]

Bank Member state Tier 1 capital/MEUR Assets/MEUR Tier 1 ratio/% Benchmark/% Adverse/% Shock/% Additional capital needed/MEUR
Erste Group Bank AG Austria 11486 125486 9.2 10.4 8.1 8.0
KBC Bank Belgium 13440 123225 10.9 12.2 9.79 9.4
Dexia Belgium 17573 143170 12.3 13.4 11.2 10.9
Cyprus Popular Bank Public Co Ltd Cyprus 2411 25622 9.4 10.0 8.5 7.1
Bank of Cyprus Public Co Ltd Cyprus 2533 24065 10.5 10.9 9.4 8.0
Danske Bank Denmark 15874 135510 11.7 11.7 10.8 10.0
Jyske Bank Denmark 1817 13494 13.5 14.1 12.8 12.5
Sydbank Denmark 1374 10470 13.1 14.8 13.4 13.2
OP-Pohjola Group Finland 5227 41480 12.6 13.4 12.5 12.3
BNP Paribas France 62910 620714 10.1 13.4 12.5 12.3
Crédit Agricole France 52405 538903 9.7 10.6 9.2 9.0
BPCE France 37574 411135 9.1 10.2 8.7 8.5
Société Générale France 34693 324080 10.7 11.9 10.2 10.0
Deutsche Bank AG Germany 34406 273477 12.6 13.2 10.3 9.7
Commerzbank AG Germany 29521 280133 10.5 10.5 9.3 9.1
Hypo Real Estate Holdings AG Germany 7613 80966 9.4 7.8 5.3 4.7 1245
Landesbank Baden-Württemberg Germany 13914 142525 9.8 9.8 8.4 8.1
Bayerische Landesbank Germany 14788 135787 10.9 11.9 9.1 8.8
DZ Bank AG (Deutsche Zentralgenossenschaftbank) Germany 9408 95024 9.9 10.4 9.2 8.7
Norddeutsche Landesbank GZ Germany 6931 92576 7.5 8.0 6.4 6.2
Deutsche Postbank AG Germany 4906 68701 7.1 7.9 6.7 6.6
WestLB AG Germany 5148 35651 14.4 12.4 8.9 7.1
HSH Nordbank AG Germany 7491 71391 10.5 14.9 9.9 9.7
Landesbank Hessen-Thüringen GZ Germany 5416 61272 8.8 8.9 7.9 7.3
Landesbank Berlin AG Germany 5642 42363 13.3 12.8 11.3 11.2
DekaBank Deutsche Girozentrale Germany 2821 28815 9.8 11.1 9.5 8.4
WGZ Bank AG Westdeutsche Genossenschafts-Zentralbank Germany 1833 18981 9.7 10.8 9.5 9.1
National Bank of Greece Greece 7590 67407 11.3 11.7 9.6 7.40
EFG Eurobank Ergasias, S.A. Greece 5349 47827 11.2 11.7 10.2 8.17
Alpha Bank Greece 5920 51084 11.6 12.3 10.9 8.22
Piraeus Bank Group Greece 3401 37394 9.1 10.9 8.3 6.0
Agricultural Bank of Greece S.A. (ATEbank) Greece 1263 15100 8.4 10.7 8.9 4.36 242.6
TT Hellenic Postbank S.A. Greece 1286 7525 17.1 17.0 15.0 10.1
OTP Bank NYRT. Hungary 3521 25463 13.8 18.0 16.8 16.2
FHB Jelzálogbank Nyilvánosan Működő RT. Hungary 122 1428 8.6 14.1 10.8 10.6
Bank of Ireland Ireland 9575 104639 9.2 9.0 7.6 7.1
Allied Irish Banks Ireland 8542 121605 7.0 9.5 7.2 6.5
UniCredit Italy 39034 452388 8.6 10.0 8.1 7.8
Intesa Sanpaolo Italy 30205 361750 8.3 9.8 8.8 8.2
Banca Monte dei Paschi di Siena Italy 9093 120899 7.5 7.6 6.8 6.2
Banco Popolare Italy 7125 92623 7.7 7.8 7.4 7.0
Unione di Banche Italiane SCPA (UBI Banca) Italy 6817 85677 8.0 7.6 7.1 6.8
Banque et Caisse D’Épargne de l’État Luxembourg 1552 13569 11.4 14.2 11.5 11.3
Banque Raiffeisen Luxembourg 195 2286 8.5 9.8 8.4 8.2
Bank of Valletta Malta 343 3269 10.5 11.5 11.0 9.3
ING Bank The Netherlands 34015 332375 10.2 11.2 9.1 8.8
Rabobank Group The Netherlands 33226 236320 14.1 14.8 12.7 12.5
ABN/Fortis Bank Nederland (Holdings) NV The Netherlands 15481 118703 13.0 12.0 10.3 9.9
SNS Bank The Netherlands 2766 25885 10.7 12.0 10.8 10.5
PKO Bank Polski Poland 3960 29691 13.3 16.5 15.7 15.4
Caixa Geral de Depósitos Portugal 5983 71041 8.4 9.1 8.4 8.2
Banco Comercial Português Portugal 6102 65623 9.3 9.4 8.4 8.4
Espírito Santo Financial Group S.A. Portugal 5199 67899 7.7 9.2 7.4 6.9
Banco BPI Portugal 2210 26060 8.5 11.6 10.3 10.2
Nova ljubljanska banka Slovenia 917 12163 7.5 7.0 7.4 6.3
Grupo Santander Spain 56005 562616 10.0 11.0 10.2 10.0
Grupo BBVA Spain 27255 290062 9.4 10.6 9.6 9.3
"Jupiter": Caja Madrid, Bancaja, etc. Spain 19244 223066 8.6 8.8 6.8 6.3
La Caixa Spain 16800 162979 10.3 10.6 8.5 7.7
"Base": Caja de Ahorros Mediterráneo, etc. Spain 8087 86534 9.3 10.5 8.4 7.8
Banco Popular Español Spain 8457 92571 9.1 9.2 7.5 7.0
Banco de Sabadell Spain 5211 57958 9.0 9.6 7.7 7.2
Diada Spain 3470 52861 6.6 6.4 4.5 3.9 1032
"Breogan": Caja de Ahorros de Galicia, Caixanova, etc. Spain 5035 58516 8.6 10.1 7.8 7.2
"Mare Nostrum": Caja de Ahorros de Murcia, SA Nostra, etc. Spain 4129 45858 9.0 9.7 7.6 7.0
Bankinter, S.A. Spain 2291 30659 7.5 8.4 7.6 6.8
"Espiga": Caja Duero, Caja España, etc. Spain 2475 28881 8.6 8.2 6.1 5.6 127
“Banca Cívica”: Caja Navarra, etc. Spain 2900 30055 9.6 7.6 5.2 4.7 406
Ibercaja Spain 2369 25291 9.4 9.1 7.3 6.7
Unicaja Spain 2584 21909 11.8 11.8 9.6 9.0
Banco Pastor Spain 1974 18713 10.5 8.7 6.8 6.0
Caja Sol Spain 2197 21237 10.3 8.7 6.6 6.0
Bilbao Bizkaia Kutxa Spain 2812 19202 14.6 17.4 14.7 14.1
“Unnim”: Caixa Sabadell, etc. Spain 1426 19703 7.2 6.6 5.1 4.5 270
Kutxa Spain 2099 16100 13.0 12.6 11.1 10.6
“Caja3”: Caja Círculo, etc. Spain 1414 14994 9.4 8.8 6.6 6.1
Cajasur Spain 222 12094 1.8 6.6 4.9 4.3 208
Banca March Spain 1866 9488 19.7 20.8 19.5 19.0
Banco Guipuzcoano Spain 709 7813 9.1 8.1 6.6 6.1
Caja Vital Kutxa Spain 755 6652 11.3 9.5 7.5 7.0
Caja de Ahorros y Monte de Piedad de Ontinyent Spain 61 688 8.9 8.4 6.6 6.6
Colonya, Caixa de Pollença Spain 18 183 9.9 9.1 6.6 6.2
Nordea Sweden 19577 191858 10.2 11.3 10.2 10.1
SEB Sweden 10025 80585 12.4 11.8 10.7 10.3
Svenska Handelsbanken Sweden 8604 94617 9.1 10.2 9.1 8.9
Swedbank Sweden 7968 76518 10.4 10.7 10.5 9.9
Royal Bank of Scotland United Kingdom 62898 438200 14.4 14.1 11.7 11.2
HSBC Holdings Plc United Kingdom 122157 1133200 10.8 11.7 10.4 10.2
Barclays United Kingdom 49637 382649 13.0 15.8 13.9 13.7
Lloyds Banking Group United Kingdom 47530 493307 9.6 10.8 9.4 9.2
  • MEUR = million euros
  • Assets = total risk-weighted assets
  • Benchmark = tier 1 ratio with benchmark scenario at 31 December 2011
  • Adverse = tier 1 ratio with adverse scenario at 31 December 2011
  • Shock = tier 1 ratio with additional sovereign shock on the adverse scenario at 31 December 2011
  • Additional capital needed = additional capital needed to reach 6% tier 1 ratio under adverse scenario at 31 December 2011

See also

References

  1. ^ Results by bank of the 2010 European Union banking stress test exercise
  2. ^ "Seven EU banks fail stress tests". BBC News. 23 July 2010. The BBC, in this reference, claims that 91 banks were tested, the data released contained only 90 listed bank entries.