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Banks operating in Croatia pass stress test, says HNB

Author: mses
ZAGREB, Oct 26 (Hina) - Results of a thorough year-long examination of the resilience and positions of the 130 largest banks in European Union have shown that banks operating in Croatia have a high capital adequacy rate which enables them to be sufficiently resilient to adverse developments, the Croatian National Bank (HNB) stated on Sunday after the European Central Bank (ECB) published the findings of the stress tests it had conducted since 31 December 2013.

Croatian banks that underwent the ECB's in-depth review as well as the Croatian banking system in its entirety have a high capital adequacy ratio, providing them with proper protection against potential unforeseen losses, the HNB said in a press release.

The in-debt review consisted of two tests: "Stress Test" and "Comprehensive Assessment" and they were performed in all bank groups and lenders operating in Croatia.

The ECB today stated that of 130 banks covered by the tests, 25 had capital shortfall of EUR 25 billion, which means they failed stress tests.

(Hina) ms

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