Eight banks, including two Greek banks, five Spanish and one Austrian bank have failed the European Banking Authority's (EBA) stress tests, the agency said on Friday.
All of the Dutch, British, French, Italian, German and Portuguese banks passed the tests, however several institutions in the latter two countries, as well as several Spanish banks passed, only did so by a small margin, the EBA said. All 10 participating Nordic banks passed.
The Bank of Italy said that all five of the country's banks passed by a large margin.
Two German banks, one Slovenian bank, two Greek banks, two Portuguese banks and one Cypriot bank came close to failure, the EBA said.
Overall, 16 banks had tier one capital of between 5 and 6 percent, according to the EBA.
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