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07 Dec 2017, Gergana Bencheva, EMIS Editor

Polish banks may need PLN 7.1bn in baseline scenario for economy

Polish banks will need PLN 7.1 billion in fresh capital to meet capital requirements in a baseline scenario for the country’s economy, PAP Market Insider reported citing results of stress tests conducted by the central bank NBP.

However, the shock scenario for future threats to the country’s economy will require a combined capital buffer and as much as PLN 24.9 billion, the tests also showed.

The overall conclusion was that most of the banks in Poland would be able to absorb the negative effects of future shocks to the financial system. In detail, the baseline scenario envisages that economic growth in the country would hold above 3% while the shock scenario is for a decline of 0.5%, PAP added.

Sign in and read the full article in emis.com Original source: PAP Market Insider