July 29, 2016, 18:05 London, July 29 (PL) The European Banking Authority (EBA) today reported that the Italian bank BMPS ranks as the most vulnerable to economic degradation, analyzing the creditworthiness of 51 financial institutions within the scope of the European Union.
Among all evaluated, Banca Monte dei Paschi di Siena (BMPS) is the entity that would be less able to cope with an unfavorable economic context of 2018, he presented research.
A total of 13 banks were rated negatively the EBA; these include the German Deutsche Bank and Commerzbank and Royal Bank of Scotland, revealed the stress test which took into account various indicators on capital and assets of such institutions.
According with EBA, tests showed, in general, the resilience of the banking sector in the European Union (EU) in case of an adverse economic scenario.
on average, capital CET 1 (Common equity Tier 1 English) would drop 380 basis points, a level of 13.2 percent to one of 9.4 percentage points.
This dimension is greater than the minimum set by the regulatory authorities, but notes involve either heterogeneous conditions according to the entity receiving each rating.
the agency said that the banking sector in the EU “improved its capital base in recent years” at 200 basis points compared to similar report in 2014 and 400 points from the review in 2011.
Meanwhile, the Bank of Italy acknowledged the negative considerations BMPS and appreciated that four of the five largest banks showed good behavior in the review by the EBA.
UniCredit, Intesa Sanpaolo, Banco Popolare and UBI Banca reached a ratio of capital against risk assets quality (CET 1) “of 3.2 percentage points from the 3.8 percent of the sample mean, “said the Italian BCV.
” Monte dei Paschi Including the impact would be, in weighted terms, of 4.1 percentage points, “estimated the Bank of Italy.
in its statement, the agency recalled that BMPS is the subject of a restructuring plan approved by the European Commission, “during which they have obtained remarkable results in the field of organizational rationalization and the reduction of costs “
YMR / mjm.
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