-owned banks. The levels of non-performing loans and capital adequacy ratios compare poorly in international perspective and may … for the two main stateowned banks in mid-2012. To foster the credibility of the new tests, the main results and underlying … by ring-fencing impaired assets, which would create conditions for an orderly resolution of non-viable banks and a rapid …

banks vulnerable to shifts in investor sentiment. However, investment and credit were mostly directed to sheltered sectors … commitments, this will require reforming public policies that have long distorted investment allocation, ensuring that banks …