48 of the largest European banks from 15 different countries took part in the tests. The banks came from both countries within the Euro zone (33 banks) and those without (15 banks). Combined, the banks which took part hold 70 percent of financial assets of the European banking sector.
Poland was represented by its two largest banks: PKO Polish Bank and Bank Pekao SA. In this year’s edition of tests, PKO BP turned out to be the most resilient against potential economic turbulences in the region of immunity to external shocks.
PKO BP confirmed that it is able to endure a strong crisis and escape it by holding the position of a European banking leader
What’s more, the prognosis referred to a situation in which there is a GDP drop. Given the current macroeconomic conditions, such a scenario would be highly unlikely.
According to banking expert Anna Łuszpińska, PKO BP’s director for capital adequacy and operational risk: “PKO BP confirmed that it is able to endure a strong crisis and escape it by holding the position of a European banking leader.”
Łuszpińska also confirmed that PKO BP possesses a “strong capital basis” and that the money of their clients is safe.