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ARTICLE · 29 OCTOBER 2014

Malta’s Banking Institutions Considered Sound And Resilient By ECB

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The European Central Bank has published the results of the stress-test that it has conducted over the past year in respect of the 130 largest banks in the euro area.

MaltaFinance and Banking
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The European Central Bank (ECB) has published the results of the stress-test that it has conducted over the past year in respect of the 130 largest banks in the euro area, considering their financial position as at the 31st December 2013.

The comprehensive assessment exercise represents a major milestone in the preparation for the Single Supervisory Mechanism ("SSM") which will become fully operational in November 2014 and is intended to boost public confidence in the banking sector by identifying key risks and other issues that will help strategically important financial institutions repair their balance sheets and become more resilient and robust. According to Vítor Constâncio, Vice-President of the ECB, "This should facilitate more lending in Europe, which will help economic growth."

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