AIB, Bank of Ireland and Irish Life & Permanent have passed the financial healthchecks carried out by the European Banking Authority on 90 banks in 21 countries.
The tests were designed to establish the levels of capitalisation in the European banking system and to determine whether they'd survive in the event of another financial crisis.
Eight banks have failed, five of them Spanish, two Greek and one Austrian, details of who they are will be revealed later.
However a further 16 banks only just passed the testing process, included among them a number of German financial institutions.
The European Banking Authority is now calling on the national financial regulators in all of the countries concerned to ensure the capital shortfalls, which amounts to a combined €3.5 billion euro, are urgently addressed.
The tests were designed to establish the levels of capitalisation in the European banking system and to determine whether they'd survive in the event of another financial crisis.
Eight banks have failed, five of them Spanish, two Greek and one Austrian, details of who they are will be revealed later.
However a further 16 banks only just passed the testing process, included among them a number of German financial institutions.
The European Banking Authority is now calling on the national financial regulators in all of the countries concerned to ensure the capital shortfalls, which amounts to a combined €3.5 billion euro, are urgently addressed.
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