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26th July, 2010
OTP passes EU stress test
OTP was found to be Europe’s second most sound bank in stress tests conducted by the European banking supervisory CEBS, it was announced on Friday. Spain’s Banca March topped the list of 91 banks examined for their ability to survive a new credit crisis.
The only other Hungarian bank examined, FHB, also passed the test. The valuations can be seen on the websites of CEBS, the financial supervisory Pszáf and the banks concerned.
Only five Spanish banks, Germany’s Hypo Bank and ATE of Greece failed the test.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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