Twenty-five lenders were found wanting by the European Central Bank's (ECB) comprehensive assessment, it was revealed this weekend, but half of them have already addressed the capital shortfalls discovered in the health check.

The results of the exercise, announced by the ECB on Sunday, show 13 banks still need to raise €9.5 billion over the next nine months – with Italian and Greek banks bearing the brunt of this figure.

Of the initial 25 failures, nine were in Italy, three each in Cyprus and