European Banking Authority (EBA) stress tests showed high resilience of Polish banks in case of a theoretical macroeconomic shock, Financial Supervision Authority (KNF) reported. This year’s EBA research was conducted on a sample of 48 European banks, covering a total of about 70 percent banking assets in the European Union and Norway. In Poland PKO BP and Bank Pekao SA took part in the tests.
According to the results, the consolidated CET1 ratio of Pekao SA in 2020 would be 16.5 percent in the base case scenario and 15.47 percent in the extreme scenario. Consolidated CET1 ratio, taking into account the implementation of IFRS 9, would be 16.14 percent and 14.55 percent respectively.
In PKO BP case, the consolidated CET1 ratio in 2020 would be 17.3 percent. in the base case scenario and 15.93 percent in the extreme scenario. With the full implementation of IFRS 9, the ratio would be, respectively, at 16.89 percent and 15.62 percent.