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    European Banking Authority tests Polish banks

    The most resilient bank in Europe is PKO bp, said European Banking Authority.

    Two of Poland’s largest banks did very well in a recent EU-wide stress test of 48 European banks. Poland’s largest bank PKO BP was considered the most resilient bank of all the competitors. While Poland’s second largest bank Pekao was positioned in third. The test was conducted by the European Banking Authority and was meant to measure the resilience of EU banks at identifying potential risks and increasing market discipline. Both banks claimed that their adherence to a traditional business model based on secure financial instruments such as credits and deposits is minimizing the risk they would face in case of a financial crisis.

     

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