##traditional methods of promoting financial literacy. maximizing technology to improve organizational ability as an organization, the bsp has also tried to maximize the use of technology to ensure that we continue business as usual through hybrid work arrangements. i read an article about hybrid work. it says [ that ] hybrid work was " deceptively effective. " what is the meaning of that? the reason hybrid work was working [ is that ] if the people were working together before, as they separate, they can still work together. that is the key. then, how do you reduce the number of commutes while, at the same time, be able to work together and be able to cooperate better? sometimes, working together is better than just writing to each other because there are many things you do not learn unless you actually work physically in the office. the reason work - from - home and worktogether work very well is [ that ] people work together well in the office. as they separate, they are still somehow still connected. how to do that in an environment with fewer working days together is, of course, a very important question. 2 / 5 bis - central bankers'speeches as an organization, we have pursued the following [ technological changes ] : [ first, ] the [ digital ] innovation laboratory [ sandox ] which we set up in the first quarter of 2022. [ second, ] our award - winning cash service alliance was something new but was also quite effective and could be applied on a greater scale. it enables banks to draw from their own holdings and not be dependent completely on the bsp. now, technology is just one component of our broad - based digital transformation. as i already said, [ it also includes ] people and processes - people who know how to work together and, therefore, are able to adapt to changes. we envision that you, our officers and staff, will be digitally empowered, and our business processes to be digitally enabled. creation of new sectors : pcms and roas now, of course, we have grown quite a bit since i joined the mb in 2011. we used to have just three deputy governors ( dgs ), right? now, we have five, with the creation of pcms [ payments and currency management sector ] and roas [ regional operations and advocacy sector ]. in the beginning, in 2011, i thought [ that ] it would be the most boring sector because printing money in the branches, circulating it, and

of responsibilities and powers between the single resolution board and the bnb as the national authority for resolution of credit institutions. bulgaria ’ s legal framework for joining the single resolution mechanism is already in place. the preparation for joining the single resolution fund, including for calculating banks ’ contributions to the fund, and the preparation of the bank resolution planning process after joining the single resolution mechanism are very advanced. the banks in bulgaria have an important year ahead, which we expect to be overall successful for the sector. banks ’ operations continue to take place in an environment of rather optimistic attitudes of enterprises and households amidst a relatively high growth of the bulgarian economy. at the same time, the external environment holds risks and insecurity that, due to the openness and international integration of our economy, could potentially affect the economic 1 / 2 bis central bankers'speeches situation in bulgaria. some adverse scenarios could exacerbate aspects of the risk profile of the banking sector. therefore, it is essential that in their behaviour banks continue to take into account the main risks, including profitability risks and asset quality risks. 2 / 2 bis central bankers'speeches