Polish banks resilient, regulator says after stress tests

The majority of Polish banks have passed stress tests and asset quality review conducted by the Financial Supervision Authority (KNF), the watchdog said on Sunday. Total core Tier 1 capital shortfalls amounted to PLN 379.9 million, the KNF said. After capital increases carried out in 2014, shortfalls were cut to 262.5 million. The KNF said that Getin Bank and BNP Paribas Polska were the only banks with their Common Equity Tier 1 (CET1) ratio below expectations. The KNF carried out stress tests at the same time as the European Central Bank did so for euro zone lenders. On Sunday the ECB announced that 25 out of the zone's 130 biggest banks showed negative results in the tests.