European Banks Lack Up to EU767b Equity Ahead of ECB Test: Study
2014-01-18 13:35:11.687 GMT
By Nicholas Brautlecht
Jan. 18 (Bloomberg) -- Banks have capital shortfall of
EU509b-EU767b if 7% capital ratio, study by academics at
European School of Management and Technology in Berlin and New
York University finds.
* French banks show biggest gap of EU285b
* German banks have second-biggest shortfall with as much as
EU199b, though “they benefit from a stronger domestic
economy
with a higher GDP and capacity for public backstops”
* Spanish banks’ shortfall at EU92b, Italian banks’ at EU45b;
both countries account for about a third of total shortfall
after write-downs: study
• NOTE: Sascha Steffen, professor at European School of
Management and Technology in Berlin, Viral Acharya of New York
University examined 109 of 124 ECB stress test candidates in
study
* NOTE: European Banks Lack Up to EU770b in Equity,
Sueddeutsche Says
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To contact the reporter on this story:
Nicholas Brautlecht in Hamburg at +49-40-31112-260 or
nbrautlecht@bloomberg.net
To contact the editor responsible for this story:
Angela Cullen at +49-69-92041-158 or
acullen8@bloomberg.net
2014-01-18 13:35:11.687 GMT
By Nicholas Brautlecht
Jan. 18 (Bloomberg) -- Banks have capital shortfall of
EU509b-EU767b if 7% capital ratio, study by academics at
European School of Management and Technology in Berlin and New
York University finds.
* French banks show biggest gap of EU285b
* German banks have second-biggest shortfall with as much as
EU199b, though “they benefit from a stronger domestic
economy
with a higher GDP and capacity for public backstops”
* Spanish banks’ shortfall at EU92b, Italian banks’ at EU45b;
both countries account for about a third of total shortfall
after write-downs: study
• NOTE: Sascha Steffen, professor at European School of
Management and Technology in Berlin, Viral Acharya of New York
University examined 109 of 124 ECB stress test candidates in
study
* NOTE: European Banks Lack Up to EU770b in Equity,
Sueddeutsche Says
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Nicholas Brautlecht in Hamburg at +49-40-31112-260 or
nbrautlecht@bloomberg.net
To contact the editor responsible for this story:
Angela Cullen at +49-69-92041-158 or
acullen8@bloomberg.net