Saturday, July 30, 2016

An Italian bank the worst standing in the endurance test of the European Banking Authority – euronews

the Monte dei Paschi di Siena, the oldest bank in the world, . has been the only European entity listed below the minimum capital requirement in the endurance test published today by the European Banking Authority

Guido Gennaccari, a financial analyst in Rome, says:
” We already knew that the bank Banca Monte dei Paschi di Siena is in a very difficult situation. It is the most penalized bank while Intesa is one of the best. This already could be seen in the charts earlier this year. The stock market suffered an internal rescue, then Brexit and now the test of resistance “.

The six Spanish banks analyzed have obtained a set ratio of 8.6%, far below the minimum exigid with BFA -Bankia shares in the best position among them and Banco Popular at worst.

EBA has evaluated 51 large European banks that have a minimum of 30,000 million euros in assets. And all the 51 entities would get a capital ratio of highest quality against risky assets.

Since early this year, Community legislation requires that they first shareholders and creditors who assume losses banks before involving public capital.

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