During the weekend BNB published the report with the results from the asset quality review and the stress test of the Bulgarian banking system.

According to the Central Bank the banking system is generally well-capitalized and resistant to potential shocks. The individual results of the different banks are different, Bulgarian National Bank points out.

The stress test results of UniCredit Bulbank show that in the main scenario until 2018, which is believed to represent the most probable macroeconomic and financial trends, the Common Equity Tier 1 (CET1) of UniCredit Bulbank is 31.6% with a required level of 4.5% and an average for the banking system in Bulgaria of 22.2% In the simulations of the unfavorable scenario the CET1 ratio of UniCredit Bulbank is 18.3%, considerably above the minimum, with 14.4% for the banking system.

Information on the BNB report and the individual results of the banks is available here.

Further information for the media:

UniCredit Bulbank, Identity and Communications

Victoria Blajeva, phone +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Mara Bareva, phone: +359 (0) 2 9264 963, nbsb/cbsfwbAvojdsfejuhspvq/ch

Beatris Nikolova, phone +359 (0) 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch