EU stress test shows banks more resilient

Added On November 5, 2018

The results of the 2018 EU-wide stress test have indicated that the banks in the euro area have been more resilient against financial shocks over the past two years.
The 2018 EU stress test covered a total of 48 banks, representing 70 percent of banking assets in the European Union (EU).
This included the 33 largest banks directly supervised by the European Central Bank (ECB).
The test results showed the banks’ average Common Equity Tier 1 (CET1) capital ratio, a key measure of a bank's financial soundness, went from 8.8 percent to 9.9 percent within the last two years.
According to the European Banking Authority, the results of the test will be considered in the supervisory decision-making process.