Arab Today, arab today 4 portuguese banks survive stress tests
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

4 Portuguese banks survive stress tests

Arab Today, arab today

Arab Today, arab today 4 Portuguese banks survive stress tests

Lisbon - Xinhua

Four Portuguese banks -- Espirito Santo, BCP, CGD and BPI -- all passed the stress tests conducted by the European Banking Authority (EBA) on Friday. The result, coming 10 days after Moody\'s ratings agency downgraded the country\'s rate by four levels to junk, is a relief for the Portuguese economy. Portugal, holding 85 billion euros (119 billion U.S. dollars) in loans from the International Monetary Fund, the European Central Bank and the European Commission, is currently in a bailout. The stress tests foresaw an economic recession, a bear market at the stock exchange, a worsening debt risk as well as the consequences of the economic shock originating in the United States. Using a static balance sheet of December 2010, the tests considered a Core Tier 1 of 5 percent covering a two-year scenario which was more demanding than last year, ignoring the positive effects on the yield an interest height could create. Although all the four Portuguese banks passed the tests, two of them, BCP and Espirito Santo, were advised to reinforce their balance sheets. The stress tests, first applied in the United States as a consequence of the financial crisis, aim at analyzing how robust a bank is in certain crashes. After the Greek debt crisis, the EBA decided to apply the tests to European banks to find out where the weak links in Europe\'s financial system are.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 4 portuguese banks survive stress tests Arab Today, arab today 4 portuguese banks survive stress tests

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 4 portuguese banks survive stress tests Arab Today, arab today 4 portuguese banks survive stress tests

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday