Non-financial corporations sector
The CNB has been conducting stress tests of non-financial corporations since 2020 and presenting the results in its Financial Stability Report. The aim of the test is to assess the resilience of the individual industries of the non-financial sector in terms of the riskiness of their loans in a hypothetical scenario simulating adverse economic developments. The stress test draws on information on supplier-customer relations to capture the propagation of shocks across industries and identify the effect on their profitability, production and value added. These are then used to derive default rates for the individual divisions of the economy.