The results for the stress tests on 91 European banks were released yesterday evening. A reasonably detailed description of the tests and results is available from the Committee of European Banking Supervisors’ (CEBS) website. The results for AIB and BOI are available from the Irish Central Bank’s website. As Michael Hennigan points out, the overall passing score was 84-7, and so the release of the results has not quite made the waves expected. Both Irish banks passed with a bit to spare despite the relatively high Tier 1 target of 6 percent. However, the results factored in capital raising plans to the end of the year, and the jury is still out on how much of the €7.4 bl. AIB can achieve without additional government help.
Some analysis here: Irish Times; Irish Independent; Financial Times.