European banks pass stress test’s 2023 adverse scenario
Tested banks had higher CET1 levels after adverse scenario than in 2021, EBA says
The European Union’s largest banks passed their 2023 stress tests, with their capital levels in better shape after the test two years earlier.
This positive result is due to earnings derived from higher net interest income and better asset quality, the European Banking Authority said today (July 28).
This year 70 banks, 20 more than in 2021, from 16 EU and European Economic Area countries took part in the exercise. These lenders hold 75% of the EU banking sector assets.
The stress tests
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