Projected profits for the period to June also appeared over-confident in some cases, given the worsening outlook for the eurozone economy. Some officials said privately last month that they expected Germany's Commerzbank, which had an EBA stress test shortfall of €5.3 billion ($6.93 billion), and Italy's Monte dei Paschi di Siena, with a €3.3 billion ($4.32 billion) shortfall, to find it particularly difficult to meet the requirements without state aid. Since then, Commerzbank has claimed it has already generated €3 billion of fresh capital. On Friday, German national regulator Bafin echoed that positive expectation.