Banks keep in stress test, Cet1 remains above 10%

(ANSA) - MILAN, JUL 30 - The banks pass the 'stress' test, even the Italians who are positioned just below the European average except for MPS which recorded the worst result among the 50 European banks subjected to examination by the EBA. In the presence of a very negative scenario, the Cet1 of the European banking system, the main indicator of capital solidity, will remain above 10% after having consumed 265 billion euros of capital and just under 500 basis points of Cet1, announces the EBA, communicating the outcome of the examination which involved 50 institutions from 15 countries, representing 70% of the assets of the EU banks. In 2023, at the end of the simulation, the fullyloaded Cet1 drops from 15% to 10.2%, remaining on the same levels as in 2018, despite "a very" very serious "adverse scenariowhich assumes a prolonged Covid-19 scenario in a context of 'lower for longer' rates ".

    In the adverse scenario, Mediobanca is the best, its fully loaded Cet1 ratio from 14.51% at the end of 2020 to 9.73% in 2023; Intesa Sanpaolo would reach 2023 with a fullyloaded Cet1 of 9.38%, compared to 14.04% at the end of 2020; Unicredit expects to reduce its Cet1 ratio from 15.14% to 9.22% in 2023; Banco Bpm sees its fully loaded Cet1 decrease from 13.23% at the end of 2020 to 7.02% at the end of 2023.. The Sienese institute sees the main indicator of capital solidity drop by 996 basis points, going from 9.86% at the end of 2020 to -0.1% in 2023.

   (ANSA).