are still in search of a “ friend ” to negotiate with the bank. as mentioned above, i understand that above all the reason behind might be our poor tradition in addition to the high degree of informality and a lot of other objective and subjective reasons. however, i think that the cause might be even the lack of detailed clarifications, and lack of informative publications, and lack of the propaganda in the public environment as well as in media. i think that in the propaganda spaces in the media more space should be given to the clarifications of special products, while launching of new products should be accompanied by standard advertising campaigns. dear participants, allow me that before closing my speech to express again my high appreciation on the albanian association of banks, ensuring that governor of bank of albania will always be its decent partner in the long path of institutional co - operation. i sincerely hope that this meeting of banking associations is an important step towards establishing a fruitful regional co - operation. i am personally committed, in future contacts with my colleagues of the region ’ s countries, to dedicate a special room to this co - operation, hoping that i will find on them a well - understanding and full support. i again wish you successful and fruitful proceedings of this meeting. thank you.

. the overarching objective of these measures is to preserve and further strengthen the capital reserves and the high loss - absorbing capacity of banks against potential deterioration in their loan portfolios and to ensure that the stability of the system is maintained, including in the event of less favourable than expected exogenous economic and financial developments. 2 / 3 bis central bankers'speeches in 2021, the bnb twice increased the level of the countercyclical capital buffer to reach 1. 5 % and confirmed the level of the systemic risk buffer at 3 %. the bnb will continue to require banks to maintain adequate capital buffers against potential losses arising from the realisation of cyclical systemic risk. this risk currently arises mainly from active residential lending to households, as well as lending secured by commercial real estate. at this stage, the focus will continue to be on the implementation of macroprudential measures targeting banks ’ capital, but the bnb stands ready to implement additional measures, if necessary, including borrower - based. more strategically, the bnb has already mobilised serious efforts in the project for the adoption of the euro in bulgaria. the tasks on the way to achieving this goal go beyond the banking sector, but will also strongly involve the banks. the dynamics of the political cycle in 2021 led to a pause in the institutions ’ work in the process in the country. all the factors are now in place for its resumption through the continuation of the coordination council for bulgaria ’ s preparations for euro area membership ; and the institutionalisation of the euro adoption plan. the draft of this plan, adopted by the coordination council on 30. 06. 2021, has already gone through the formal procedure of public consultation and inter - agency coordination, and has the support of our external partners. in spite of the delay in the formal process, the bnb remained the institution that continued to work actively in all areas related to the euro area accession, falling within the scope of our responsibilities. to this end, we established the necessary internal organisation of work and good operational communication with the european central bank. specific individuals and channels for partnership were identified on both sides. in this sense, the central bank is ready to carry out the huge amount of technical work related to the adoption of the euro in a timely manner, notwithstanding the emerging tighter work schedule. in conclusion, 2022 is promising to be a year of challenges but also opportunities for the banking sector. the achievements of 2021 show that the sector is in a strong starting