News release: “The European Central Bank (ECB) has today published the results of a thorough year-long examination of the resilience and positions of the 130 largest banks in the euro area as of 31 December 2013…Key results of comprehensive assessment of 130 largest euro area banks:

• Capital shortfall of €25 billion detected at 25 participant banks
• Banks’ asset values need to be adjusted by €48 billion, €37 billion of which did not generate capital shortfall
• Shortfall of €25 billion and asset value adjustment of €37 billion implies overall impact of €62 billion on banks
• Additional €136 billion found in non-performing exposures
• Adverse stress scenario would deplete banks’ capital by €263 billion, reducing median CET1 ratio by 4 percentage points from 12.4% to 8.3%

• Exercise delivers high level of transparency, consistency and equal treatment
• Rigorous exercise is milestone for the Single Supervisory Mechanism starting in November
• Banking Supervision Results of the Comprehensive assessment
• Publication Aggregate report on the comprehensive assessment“