AIB and BoI share prices remain static despite making the grade

THE share prices of the two leading Irish banks remained flat yesterday, despite both meeting expectations and comfortably passing the EU’s much anticipated financial ‘stress tests’.

Although six of the 91 EU banks that were tested failed – five in Spain and one in Germany – both AIB and Bank of Ireland passed.

The point of the exercise, carried out by the Committee of European Banking Supervisors (CEBS) and the European Central Bank (ECB), was to assess an individual bank’s ability to absorb future possible economic downturns and crises.