KNF: Poland's financial system seen among most stable in Europe
13:11
Poland's financial system, with the banking sector as its main pillar, has remained one of the most stable in Europe, the Polish Press Agency (PAP) quoted financial market regulator KNF in a comment to the release of the European banking stress tests results late on Friday by the EBA.
The KNF pointed to the rising funds of the Polish banks, improving average solvency ratio and the high share of banks sporting over 12 percent TCR ratio in the total assets of the sector. All banks have met the LCR liquidity norm, the KNF noted.
PKO BP would be amongst the least damaged European major banks by a significant economic slowdown, the latest set of EBA stress tests showed. PKO BP was the only Polish bank subject to EBA scrutiny.
