Four Dutch banks pass EU stress tests

23rd July 2010, Comments 0 comments

All four major Dutch banks passed the EU's banking stress tests, they announced in separate statements on Friday.

ABN AMRO, ING, Rabobank and SNS all passed the tests conducted to see how they would cope with worsened economic conditions

Together the four represent 75 percent of the market, which also includes dozens of other small banks, said Dutch Central Bank spokesman Tobias Oudejans.

ABN AMRO reported an estimated 10.3 percent "tier 1 capital ratio" in 2011 -- exceeding the minimum required six percent.

ING said its figure was 9.1 percent, Rabobank's was 12.5 percent, and SNS's 10.8 percent.

© 2010 AFP

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