European Bank Stress Tests: AIB and Bank of Ireland pass tests; 7 of 91 banks failed – - 5 Spanish, 1 German and 1 Greek

European Bank Stress Tests: The Central Bank and Financial Regulator today published the results of a stress testing exercise carried out on AIB and Bank of Ireland and coordinated by the Committee of European Banking Supervisors (CEBS). It said the results of the exercise demonstrate that AIB and Bank of Ireland meet the stress requirements and do not require additional capital beyond the requirement set in March 2010 by the Central Bank and Financial Regulator following completion of the Prudential Capital Assessment Review (PCAR).

The CEBS said 7 of 91 banks failed – - 5 Spanish, 1 German and 1 Greek.

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