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NBP: banks well capitalised


2012-07-11



Poland’s banks have adequate capital to absorb possible losses from a major economic slowdown and the stability of the country’s financial system remains high, the National Bank of Poland (NBP) concludes in a new report released in 10 July.

According to the report, stress tests of Poland’s commercial banks have shown that even under a pessimistic scenario of considerably weaker GDP growth, the capital needs of the sector as a whole would not be very substantial, even though some individual banks might require new capital.

Nevertheless, with deteriorating economic outlook in the eurozone, the NBP issued a set of recommendations for the country’s banks whose implementation would further strengthen the resilience of the Polish financial system to possible negative shocks. They include cautious dividend policies, particularly at banks with large mortgage portfolios or high LtV ratios, measures to strengthen liquidity or to monitor and minimise risk in mortgage portfolios. The NBP also restated its earlier recommendation for banks to significantly reduce their mortgage lending in foreign currency, despite substantial progress achieved so far.



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