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The results confirm the strong and sustainable position of UBB's capital in the application of the ECB's conservative methodology and hypothetical economic stress scenarios. They show that UBB is very well prepared and has significant capital reserves to deal with extraordinary economic shocks. As shown in the table below, the impact on equity in the first category up to 2018 is negligible, as is the presentation of the stress tests carried out for the coming years. UBB not only meets the minimum capital requirements for different scenarios, but also significantly exceeds them.
During the review, the badets were not accounted for in accounting inconsistencies. These adjustments are taken into account as part of the normal UBB capital badet valuation process.
"We are very proud of the results confirming the prudent risk management policy and accounting principles applied by UBB that are in full compliance with regulatory standards and IFRS, which is undoubtedly the result of the application of policies and standards of our shareholder group, the Belgian group KBC.
The results give us confidence in the fact that UBB will continue to support the growth of the Bulgarian economy as well as the success and prosperity of our customers.
In addition, I would like to express my deep satisfaction for the fruitful partnership and the excellent cooperation with the ECB, "said Petar Andronov, Country Manager of the KBC Group for Bulgaria and Managing Director of UBB.
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