01847cas a2200241 a 4500 AALejournalIMF017782 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484308448 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Bulgaria : Financial Sector Assessment Program: Technical Note-Risk Assessment and Stress Test of the Banking System. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (50 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Note discusses results of risk assessment and stress tests (ST) of the banking system in Bulgaria. ST results reveal that the Bulgarian banking system is vulnerable to the extreme realization of internal and external risks coupled with the need to clean the balance sheets from nonperforming loans (NPLs). In the baseline scenario, characterized by a modest economic growth and decline in unemployment, as well as stable and low interest rates, two banks-including a systemic one-exhibit weakness in terms of capital buffers to cope with accumulated losses in the past. These banks also experience substantial increase in their NPLs as a result of the asset quality review adjustment. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/200 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/200/002.2017.issue-200-en.xml IMF e-Library