The EU's banking watchdog gave banks operating in Finland a clean bill of health.

The Committee of European Banking Supervisors said in a statement Friday that Finnish bancassurer OP-Pohjola had passed the second round of an EU-wide stresstest exercise.

"The results of the stresstest indicate that the capital adequacy of OP-Pohjola group is highly resilient to the adverse test scenario employed," the Finnish Financial Supervisory Authority said in a separate statement.

Sweden's Nordea and Denmark's Danske Bank also passed the test, with both banks running branches in Finland.

"The EU stresstest exercise confirms the findings of the FIN-FSA's previous analyses of the Finnish banking sector's strong resilience to risks in the operating environment," said in the statement Jukka Vesala, the deputy director-general of the FSA.

The stresstest covered about 65 per cent of the EU's banking industry.

STT
LEHTIKUVA - MIKKO STIG