Bloomberg News

EBA Says EU Banks Need $150 Billion of Capital

October 28, 2011

Oct. 28 (Bloomberg) -- Europe’s banks will need to increase capital by 106 billion euros ($150 billion) under tougher rules being introduced in response to the euro area’s sovereign debt crisis, according to the European Banking Authority.

The EBA examined 70 banks, of which 30 had no additional capital requirements. Thirty banks have published their gap, while 10 have yet to announce whether they require funds.

Following is a table showing the breakdown by individual banks of the estimated target capital buffers. Amounts are in millions of euros:

Source: Banks, National Regulators, EBA

--With assistance from Fabio Benedetti-Valentini in Paris, Aaron Kirchfeld, Nicholas Comfort and Rajiv Sekhri in Frankfurt, Joao Lima in Lisbon, Mariajose Vera and Oliver Suess in Munich, Boris Groendahl in Vienna, John Martens in Brussels, Boris Cerni in Ljubljana, Marcus Bensasson and Natalie Weeks in Athens, Frances Schwartzkopff in Copenhagen, Emma Ross-Thomas in Madrid, Charles Penty in Madrid, Dan Liefgreen, Jerrold Colten and Sonia Sirletti in Milan, Adam Ewing in Stockholm and Josiane Kremer in Oslo. Editors: Frank Connelly, Jon Menon

To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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