The lone Finnish bank passes EU stress tests


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Friday, 15 July 2011
The results of European bank stress tests mean that Finland has no need to take any particular measures as regards its banks or banks that operate in Finland, says the Ministry of Finance.
The ministry says that the tests show that the biggest banks that operate in Finland have good risk-bearing capacity.


Only one Finnish-owned bank—OP-Pohjola—took part in the tests, designed to assess how well European banks could withstand financial shocks. Among other major banks operating in Finland, Nordea and Sampo underwent tests within their parent companies in Sweden and Denmark respectively.

In order to pass, banks had to have liquid reserves which amounted to at least five percent of their risk investments. OP-Pohjola passed with at least 11.5 percent.

The ministry stresses that bank tests are only a control tool, rather than a forecast for future development.
News source: Yle

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