Sberbank Europe and VTB Austria have insufficient capital to head off a potential shortfall under ECB - led stress tests , according to Austria 's Financial Financial Authority and the Austrian National Bank . Until recently , both banks lagged behind the 5.5 % threshold , with Sberbank Europe reaching a common equity + 1 ratio of 4.2 % and VTB Austria at 5 % ; however , both were able to more than cover the shortfall through material capital increases of $ 258.5 m and $ 215 m respectively . Tests of other banks revealed that turkey 's Novo bank needed to fill a $ 1.5bn capital hole , resulting in the ECB threatening to cancel the bank 's planned sale .
Sberbank Europe and VTB Austria have raised capital to head off a potential shortfall under ECB-led stress tests, according to Austria's Financial Market Authority and the Austrian National Bank. Until recently, both banks lagged behind the 5.5% threshold, with Sberbank Europe reaching a common equity tier 1 ratio of 4.2% and VTB Austria at 4.1%; however, both were able to more than cover the shortfall through material capital increases of $258.5m and $215m respectively. Tests of other banks revealed that Portugal's Novo Banco needed to fill a $1.5bn capital hole, resulting in the ECB threatening to delay the bank's planned sale.