MOSCOW, October 26 (RIA Novosti) - The results of the European Central Bank’s year-long resilience examination of the zone’s 130 largest banks as of 31 December 2013 have revealed a capital shortfall of 25 billion euros ($31.68 billion) at 25 banks, the ECB said Sunday in its press release.
According to the results of the regulator’s financial health exams, only 12 of the 25 banks have already covered their capital shortfall by 2014 and increased their capital by 15 billion euros.
“Banks with shortfalls must prepare capital plans within two weeks of the announcement of the results. The banks will have up to nine months to cover the capital shortfall,” the EU financial regulator warned.