LISBON: The European Central Bank found capital gaps totaling 1.74 billion euros (US$1.87bil) among nine lenders it tested, with the biggest hole at Portugal’s Novo Banco SA.
“Shortfalls amount to 1.74 billion euros resulting from CET1 ratios falling below the threshold of 5.5% in the adverse stress-test scenario, after including impact of asset quality review,” the ECB said in a statement on its website on Saturday.
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