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Interest rate risk Parallel upward shift in the SKK yield curve by 500 bp Slopening of the SKK yield curve 1/ Steepening of the SKK yield curve 2/ Parallel upward shift in the Euro yield curve by 150 bp Parallel upward shift in SKK and EUR interest rates by 200 bp

-23.2 -0.8 -18.1 -1.8 -13.3

37.6 1.3 31.3 0.0 15.8

-74.0 -2.8 -68.3 -6.5 -34.5

Exchange rate risk Depreciation of the SKK/Euro rate by 4.10 percent 3/ Depreciation of the SKK/US$ rate by 7.86 percent 4/ Depreciation of the SKK against all currencies by 20 percent

-0.2 0.0 -0.8

1.0 3.6 1.4

-1.6 -1.7 -3.3

Real estate price risk Fall in the residential and commercial real estate prices by 50 percent

-5.0

0.0

-18.5

Credit risk No credit growth 5/ Granting of loans with highest default rate 6/ Increase in NPLs by 100 percent

-17.1 -16.4 -21.2

-0.2 0.0 -0.1

-102.1 -66.0 -73.8

Memorandum items: Baseline Tier I Capital Ratio (in % of risk-weighted assets)

13.8

26.2

7.5

Impact on Tier I Capital (in percent) (negative value means decrease)

Test

Table 5. Slovak Republic: Summary Results of the Stress Tests (1)

(Based on the data of September 30, 2006)

Aggregate results

Best bank

Worst bank

1/ Increase in short-term SKK interest rates by 500 bp. 2/ Increase in long-term SKK interest rates by 500 bp. 3/ Equivalent to the largest increase in the SKK/Euro rate within 10 business days during 2004-05. 4/ Equivalent to the largest increase in the SKK/US$ rate within 10 business days during 2004-05. 5/ Largest monthly absolute increase in NPLs during January-September 2006, multiplied by a coefficient of 5 (corresponding to increase in NPLs by 80%). 6/ Increase in loans by the average monthly increase in 2006 multiplied by a coefficient of 12 (i.e. annualized), with a highest share of NPLs recorded in 2006, multiplied by a coefficient of 3 (corresponding to increase in NPLs by 80% and increase in tot

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