PAS Pepsiamericas, Inc.

European authorities Friday released the results of stress tests on the 91 major banks in the region.

The test, carried out by the European Union's Committee of European Banking Supervisors, examined the balance sheets of the banks, their compliance with capital rules and how their exposure to the sovereign debt of 30 European countries would affect them in certain scenarios.

CEBS tested the banks based on three scenarios. The first scenario measures capital levels at the end of 2011 assuming current official EU economic forecasts. A second scenario assumes a recession this year and next year, which CEBS estimates is a 5% probability. The third or worst-case scenario involves recessions this year and next year but made worse by an increase in sovereign risks, with long-term interest rates in the EU rising by a further 30 basis points on average. The probability of this happening is less than 5%, CEBS said.

The success or failure depends upon a bank having a Tier 1 Capital Ratio of 6% or more under each scenario.

The following is a country-by-country breakdown of the results, based on a bank maintaining its Tier 1 Capital Ratio above 6% for every scenario tested:

Austria (2):

Passed: Erste Group Bank AG (EBS.VI), Raiffeisen Zentralbank Oesterreich AG

Failed: None

Belgium (2):

Passed: KBC Bank NV, Dexia SA (DEXB.BT)

Failed: None

Cyprus (2):

Passed: Marfin Popular Bank PCL (CPB.CP), Bank of Cyprus PCL (BOCY.CP)

Failed: None

Denmark (3):

Passed: Danske Bank AS (DANSKE.KO), Jyske Bank A/S (JYSK.KO), Sydbank A/S (SYDB.KO)

Failed: None

Finland (1):

Passed: OP-Pohjola Group

Failed: None

France (4):

Passed: BNP Paribas SA (BNP.FR), Credit Agricole SA (ACA.FR), BPCE, Societe Generale SA (GLE.FR)

Failed: None

Germany (14):

Passed: Deutsche Bank AG (DB) , Commerzbank AG (CBK.XE), Landesbank Baden-Wurttemberg, Bayerische Landesbank, DZ Bank AG, Norddeutsche Landesbank, Deutsche Postbank AG (DPB.XE), WestLB AG, HSH Nordbank, Landesbank Hessen-Thuringen, Landesbank Berlin, Dekabank Deutsche Girozentrale, WGZ Bank AG

Failed: Hypo Real Estate Group

Greece (6):

Passed: National Bank of Greece SA (NBG), EFG Eurobank Ergasias SA (EUROB.AT), Alpha Bank AE (ALPHA.AT), Piraeus Bank SA (TPEIR.AT), TT Hellenic Postbank SA (TT.AT)

Failed: ATEBank (ATE.AT)

Hungary (2):

Passed: OTP Bank, FHB Jelzalogbank Nyiilvanosan Mukodo

Failed: None

Ireland (2):

Passed: Bank of Ireland (BIR.DB), Allied Irish Banks PLC (AIB)

Failed: None

Italy (5):

Passed: Unicredit SpA (UCG.MI), Intesa Sanpaolo SpA (ISP.MI), Banca Monte Dei Paschi Di Siena SpA (BMPS.MI), Banco Popolare SC (BP.MI), Unione Di Banche Italiane SCPA

Failed: None

Luxembourg (2):

Passed: Banque Et Caisse D'Epargne De L'Etat, Banque Raiffeisen

Failed: None

Malta (1):

Passed: Bank of Valletta PLC (BOV.VT)

Failed: None

Netherlands (4):

Passed: ING Bank NV, Rabobank Group, Fortis Bank Nederland Holding (FORA-AE), SNS Reaal NV (SR.AE)

Failed: None

Poland (1):

Passed: Powszechna Kasa Oszczednosci Bank Polski (PKO.WA)

Failed: None

Portugal (4):

Passed: Caixa Geral De Depositos, Banco Comercial Portugues SA (BCP.LB), Espirito Santo, Banco BPI SA (BPI.LB)

Failed: None

Slovenia (1):

Passed: Nova Ljubljanska Banka

Failed: None

Spain (27):

Passed: Banco Santander SA (STD), Banco Bilbao Vizcaya Argentaria SA (BBVA), Jupiter, Caixa, CAM, Banco Popular Espanol SA (POP.MC), Banco de Sabadell SA (SAB.MC), Breogan, Mare Nostrum, Bankinter SA (BKT.MC), Caja De Ahorros YMP De Zaragoza, Antequera Y Jaen, Banco Pastor SA (PAS.MC), Caja Sol, Bilbao Bizkaia Kutxa, Caja de Ahorros YMP De Gipuzkoa Y San Sebastian, CAI, Banca March, Banco Guipuzcoano, Caja de Ahorros De Vitoria Y Alava, Caja de Ahorros YMP De Ontinyent, Colonya - Caixa D'Estalvis De Pollensa

Failed: Unnim, Diada, Espiga, Banca Civica, Cajasur

Sweden (4):

Passed: Nordea Bank AB (NDA.SK), Skandinaviska Enskilda Banken AB (SEB-A.SK), Svenska Handelsbanken (SHB-B.SK), Swedbank AB (SWED-A.SK)

Failed: None

U.K. (4):

Passed: HSBC Holdings PLC (HBC), Barclays PLC (BCS), Royal Bank of Scotland Group PLC (RBS), Lloyds Banking Group PLC (LYG)

Failed: None

-By Steve McGrath, Dow Jones Newswires; 44-20-7842-9284; steve.mcgrath@dowjones.com