other elements of Basel III. The objective is to enhance the NBM's institutional capacity with the view to foster the banks …

dominated by six domestic banks (four of which are relatively large): the six banks, which de facto appear to form two groups of … banks (involving five of the six largest domestic banks) having combined market share of 60-70 percent of banking system … assets. In the case of two of these banks there is a significant large exposure risk, with aggregate large exposures being …

stress tests focused on the banking system and covered all 14 banks operating in the country. Top-down solvency stress tests … bottom-up stress tests, conducted by individual banks using their own internal models, but applied to the macroeconomic … also carried out on all banks in the system …

financial markets. The banking system appears resilient to a wide range of shocks, reflecting banks' large capital and liquidity …