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Showing posts from July, 2010

Bank of Valletta selected for EU stress test

Bank of Valletta has been selected for stress tests by the European Union.

According to the Committee of European Banking Supervisors "the stress testing exercise does not provide forecasts of expected outcomes, but rather a what-if analysis aimed at supporting the supervisory assessment of the adequacy of capital of European banks."
The resulting perception from analysis of such a result, is significant for the local property market given Bank of Valletta's popularity as a loan provider for local businesses and property developers.