Nordic Banks Past Stress Tests

Updated 8:10 PM

All four big Swedish banks, plus the major banks of neighboring Finland and Denmark have passed the European Union’s stress tests.

Sweden’s Nordea, SEB, Handelsbanken, and Swedbank were all given a clean bill of health, along with three Danish banks and one in Finland. The Swedish Financial Authority said in a statement the banks here had passed the terst “with a comfortable margin”.

Swedish Finance Minister Anders Borg welcomes the results, but tells the TT news agency that they aren’t a reason for the Swedish banks to start taking risks. Borg also calls for stricter regulations on banking in Europe.

The London-based Committee of European Banking Supervisors released the results of the tests Friday. A bank in Germany, five regional lenders in Spain, and a bank in Greece failed the test.