Belgian banks pass Europe stress test: report

17th July 2010, Comments 0 comments

Belgian banks Dexia and KBC have passed "stress tests" on the European banking system's ability to withstand a new financial crisis, a newspaper reported on Saturday.

European governments have agreed to release on Friday tests on 91 banks accounting for 65 percent of Europe's banking sector in the hope that it will reassure markets worried about their exposure to the continent's debt crisis.

The Belgian financial daily L'Echo, citing unidentified sources, said Dexia and KBC had passed the tests and had enough capital to face a new economic storm.

© 2010 AFP

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