12.12.2013

UniCredit Slovenia tops the banking stress tests

  • UniCredit Banka Slovenija d.d. assessed as the healthiest bank in the stress testing exercise
  • No capital shortage detected in the most conservative adverse case stress test scenario when considering deferred tax assets
  • Current total capital adequacy ratio above 16 per cent (against 8 per cent minimum requirement)
  • Customer deposits grew by 23 per cent (EUR 293 mln) in 2013 as a sign of increased trust by clients in UniCredit Banka Slovenija d.d.

UniCredit Banka Slovenija d.d., as the largest foreign owned bank in Slovenia, was one of 10 banks included in the Asset Quality Review and Stress testing. Results show the Bank passed the test as the healthiest within the sample. No capital increase request expected from the Central bank. As of end of November 2013 the Bank has a Total Capital Adequacy Ratio of 16.2 per cent (which is more than twice the regulatory minimum of 8 per cent) and a capital surplus in the amount of EUR 126 mln under Pillar 1.
Clients' confidence in the quality of the Bank is also proven by the fact that deposits from customers increased by 23.7 per cent (EUR +293 mln) year to date and reached EUR 1.5 bln. Stefan Vavti, CEO of UniCredit Banka Slovenija d.d., stated: We are pleased the final results clearly show UniCredit Banka Slovenija d.d. being the best in the sample. No capital shortage was detected in the extremely conservative adverse case stress test scenario when accounting for deferred tax assets. This confirms our expectations, given the extremely comfortable capital position of the Bank and prudent risk management culture combined with a professional team. On top of that, the Bank's safety is safeguarded by the financial strength of UniCredit group."

UniCredit
UniCredit is a leading European commercial bank with strong roots in 20 countries. Our overall global network embraces approximately 50 markets with nearly 9,080 branches and more than 150,000 employees (as of 30 June 2013).
In the CEE Region, UniCredit runs the largest and most diversified international banking network with more than 3,600 branches (Poland included).
The Group operates in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine (as of 30 June 2013).

Enquiries: Bank Austria Int. Media Relations
Tiemon Kiesenhofer, phone +43 (0) 50505 - 56036
e-mail: tiemon.kiesenhofer@unicreditgroup.at