WARSAW, July 16 The Polish banking system is
stable and able to withstand a tough economic downturn and
market turbulence, the central bank said on Wednesday, citing
the findings of its own stress tests.
"The high level of resilience of Polish banks is confirmed
by the regular stress tests carried out by the National Bank of
Poland. Even in a very pessimistic scenario the capital needs of
the entire sector would be insignificant," the bank said.
In a statement accompanying its twice-yearly report on the
stability of the financial system, the central bank said the
banks' ability to function improved over the past six months.
It said though that financial stability would be even
greater if Poland had a system for the orderly liquidation of
(Reporting by Marcin Goclowski; Writing by Christian Lowe;
Editing by Marcin Goettig)