70. Complex stress-tests

Complex stress-tests are an integral part of the Group’s risk management and are complementary to stress-tests specific to particular types of risks. They collectively include the types of risk considered by the Group to be significant. They include an analysis of the impact of changes in the environment and the functioning of the Group on the Group’s financial position, in particular: the income statement, statement of financial position, own funds, capital adequacy and selected liquidity measures.

Complex stress-tests for the Group’s own use are carried out at least once a year in a three-year horizon, and for the Bank – every six months in a three-year horizon, taking into account changes in the value and structure of the statement of financial position and income statement items (dynamic tests). Supervisory tests are carried out at the request of the supervisory authorities in accordance with the assumptions provided by the supervisory authorities.