This came with the much-awaited announcement of a stress test on the continent’s banks, also known as “Asset Quality Review” (AQR).
Mainly affected are German banks, which have to hike their provisions to EUR 5.2bn from EUR 4.1bn, the ECB said in a presentation of the test’s aggregate results.
Greek banks have to increase theirs by EUR 200m to EUR 1.1bn; Dutch banks by EUR 100m to EUR 600m.
