Four banks could lose €9.5bn on home loans

YESTERDAY’S stress tests found that in a worst case scenario the country’s four banks could lose almost €9.5 billion on residential mortgages and €37.7bn in total over the next three years.

The Central Bank concluded the banks will require a further injection of €24bn to shore up their capital bases and help them cope with such losses.

That will bring the total amount invested in the banks to €70bn.