Results of PKO Bank Polski SA and Pekao SA in the European stress tests

modification date

Please be informed that the results of the European stress tests initiated and coordinated by the European Banking Authority (EBA) are now available. 

The stress test exercise covered 50 key banks operating in the EU and Norway, accounting for about 70% of total assets of the banking sector, and the projections were set at the highest level of consolidation in the EU. Two Polish banks participated in the EBA stress test exercise: PKO Bank Polski S.A. and Pekao S.A. The banks’ projections cover a three-year time horizon (2021–2023), applying a static balance sheet assumption as of December 2020, and therefore do not take into account the adaptation of business strategies and management actions to a crisis.

The exercise used two macro-economic scenarios – developed in cooperation with the ECB, ESRB and other central banks in the EU – under which the banks were required to submit their projections:
  • the baseline scenario,
  • the adverse scenario, reflecting the materialisation of the risks identified.

For more information about the stress test results, please visit the European Banking Authority (EBA) website - https://www.eba.europa.eu/risk-analysis-and-data/eu-wide-stress-testing

Situation of the Polish banking system

During the last quarters, the situation of the Polish banking sector has been stable. Banks are gradually restoring viability, which in 2020 was strongly affected by the COVID-19 pandemic and the legal risk arising from the portfolio of foreign currency housing loans. In 2021, the risks still persist and affect mainly viability and the quality of receivables. The UKNF monitors and analyses the situation in the sector and in each bank on a current basis.

Over the recent years, the Polish banking sector has reported a continuous increase in own funds and an increase in capital ratios. The consistent dividend policy pursued by the UKNF has allowed the accumulation of appropriate capital buffers, which ensure the stable functioning of banks even during a crisis (the outbreak of the COVID-19 pandemic, exacerbated by the adverse scenario).