← Back to Cover
	STRESS TEST — ADVERSE SCENARIO
	Moderate downturn — Elevated credit losses, rate pressure
				FY2026	FY2027	FY2028	FY2029	FY2030	FY2031	FY2032	FY2033	FY2034	FY2035
	SCENARIO PARAMETERS
	Loan Growth Shock			-1.5%	-1.5%	-1.5%	-1.5%	-1.5%	-1.5%	-1.5%	-1.5%	-1.5%	-1.5%
	NCO Rate Increase			2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%
	Provision Multiplier			2.0x	2.0x	2.0x	2.0x	2.0x	2.0x	2.0x	2.0x	2.0x	2.0x
	NII Impact			-2.0%	-2.0%	-2.0%	-2.0%	-2.0%	-2.0%	-2.0%	-2.0%	-2.0%	-2.0%
	Fee Income Impact			-0.5%	-0.5%	-0.5%	-0.5%	-0.5%	-0.5%	-0.5%	-0.5%	-0.5%	-0.5%
	Securities Haircut			-10.0%	-10.0%	-10.0%	-10.0%	-10.0%	-10.0%	-10.0%	-10.0%	-10.0%	-10.0%
	OpEx Increase			5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%	5.0%
	STRESSED INCOME STATEMENT
	Base NII			$775	$932	$1,210	$1,723	$2,707	$4,628	$8,422	$15,958	$30,976	$60,955
	NII Stress Impact			($15)	($19)	($24)	($34)	($54)	($93)	($168)	($319)	($620)	($1,219)
	Stressed NII			$759	$914	$1,185	$1,689	$2,653	$4,535	$8,253	$15,639	$30,357	$59,736
	Base Provision			$157	$165	$174	$184	$194	$205	$216	$228	$240	$253
	Stressed Provision			$313	$330	$349	$368	$388	$409	$432	$455	$481	$507
	Base Non-II			$392	$403	$414	$425	$436	$448	$460	$472	$485	$498
	Stressed Non-II			$390	$401	$412	$423	$434	$446	$458	$470	$483	$496
	Base OpEx			$863	$892	$922	$954	$986	$1,020	$1,054	$1,090	$1,127	$1,166
	Stressed OpEx			$906	$937	$969	$1,001	$1,035	$1,071	$1,107	$1,145	$1,184	$1,224
	Stressed Pre-Tax Income			($70)	$47	$280	$742	$1,663	$3,501	$7,172	$14,509	$29,175	$58,500
	Stressed Net Income			($53)	$35	$210	$557	$1,247	$2,626	$5,379	$10,882	$21,881	$43,875
	STRESSED CAPITAL IMPACT
	Base CET1 Ratio			11.53%	11.06%	10.56%	10.01%	9.36%	8.54%	7.48%	6.13%	4.60%	3.11%
	Stressed CET1 (Net Income chg)			10.68%	10.19%	9.67%	9.10%	8.40%	7.52%	6.36%	4.87%	3.16%	1.48%
	Min Regulatory CET1			4.50%	4.50%	4.50%	4.50%	4.50%	4.50%	4.50%	4.50%	4.50%	4.50%
	CET1 Buffer Over Minimum			6.18%	5.69%	5.17%	4.60%	3.90%	3.02%	1.86%	0.37%	-1.34%	-3.02%
	Note: Adverse scenario represents moderate economic downturn with elevated credit losses.