Test passed in Frankfurt. The ECB announces that European banks have responded well to the latest stress tests. Based on the tests carried out by Eurotower technicians, an increase in interest rates over the next three years would translate into an increase in the interest margin for most of the banks supervised from Frankfurt, even if there would be a decrease effect equity value. The ECB survey was based on balance sheets at the end of 2016.
In the exercise on interest rates, the ECB verified the effects of an increase of 200 basis points. The aggregate result shows an increase in the interest margin of 4,1% in 2017 and 10,5% by 2019, while the value of equity would decrease by 2,7% at the aggregate level. In the event of stable rates at the levels of the end of 2016 and in the absence of growth in credit demand, the aggregate interest margin of the banks supervised by the ECB would drop by 7,5%.
The result of the exercise, writes the ECB, could lead to individual banks asking for more capital to meet the risks identified, but this will not happen globally as a result of the analysis of the system's sensitivity to changes in interest rates .
There are about ten Italian institutions involved in the latest stress tests and today the securities of the institutions travel in contrast on the Stock Exchange: Sanpaolo which moves around parity in mid-morning, Unicredit +0,1%, Ubi -0,4%, Bper -1,1 .0,6%, Mediobanca +0,4%, Popolare Sondrio -0,3%, Carige +XNUMX%, Credem and Iccrea.
