The Irish banks may need additional financial aid from the government of 18-23 billion Euro. Such data can be received in follow-up of another wave of stress-tests run by the European Union, - The Guardian newspaper reports.
The Bank of Ireland will hold stress-tests in 4 the largest financial organizations of the country: Allied Irish Banks, Bank of Ireland, Irish Life & Permanent and Educational Building Society. The tests are due for release on Thursday.
The newspaper denotes that in case the checking shows that they need additional capital inflows, it will become the fifth straight inflow for the last 2,5 years. Meanwhile, the Irish bank system has already obtained 46 billion Euro of financial aid.
Parameters and terms of new stress-tests for the EU banks were published on March 18 by the European Banking Authority (EBA).
The checking will be implemented in April-May of the current year and the checking results will be known in June this year for each bank in particular. All in all 65% of EU banks are put through these tests.
In 2010 the European Union conducted similar tests for financial organizations, however, in the current year it tightened the conditions. A year ago the most banks which passed the stress-tests were recognized resistant to the economic situation worsening, although, after running the checking in the Irish bank Allied Irish the difficulties began and the country needed a financial backup from the European Union.
