Financial market supervision and stability
|
|
- Junior Beasley
- 5 years ago
- Views:
Transcription
1 Financial market supervision and stability Seminar to mark the 20th anniversary of the Czech and Slovak Central Banks Marek Ličák
2 Integrated supervision within the NBS Financial stability in Slovakia Agenda Challenges posed by the predominantly foreign owned banking system and banking union 2
3 Financial market supervision in transition countries Banking supervision in almost all transition countries had a prominent position in comparison with institutions responsible for other sectors (dominant share of banks on an overall financial sector) Banking supervision was mostly carried out by their central banks Central banks were established with strong guarantees of their independence; guarantee also for banking supervision to be shielded from undue political influence Supervision of other sectors was mostly established within separated institution or within Ministry of Finance Scandinavian countries were the first that established integrated supervision (Norway 1986, Denmark 1988, Sweden 1991) growth of bancassurance business model, financial innovation, economy of scale, synergies 3
4 Financial market supervision in Slovakia Banking system supervised and regulated by the NBS from 1993 Insurance sector, capital market supervised by the Ministry of finance between Financial market authority was established in 2000 Integrated supervision and regulation of banking sector, insurance, capital market and pension system within the NBS from
5 Integrated supervision in Slovakia Reasons for integration Economy of scale, synergies very important mainly for smaller countries Very strong reputation of the NBS Growing importance of other sectors (mainly pension funds) View after seven years of integration Synergies in many areas (human resources, analytical work, knowledge and so on) One culture of supervision in Slovakia 5
6 Financial stability in Slovakia 10 9 "baptism by fire" "period of maturing" "period of new challenges" "childhood period" bank failures or forced administration Total assets (right, bln.eur) Loans to households (right, bln. EUR)
7 Financial stability in Slovakia Banks mostly state owned or owned by domestic capital, low penetration of banking childhood or teenage period Inflow of foreign capital, significant change in banking culture, high growth of credit period of maturing Experience with global financial crisis GDP fall, confidence crisis, baptism by fire Very stable banking sector in SR, debt crisis, slow economic growth, SSM period of new challenges 7
8 Credit risk Liquidity Balance sheet Profitability Solvency Financial stability in Slovakia Comparison of SK banking sector with EU banking sector Indicator SR EU Lower quartile Median Upper quartile Indicator SR Lower quartile EU Median Upper quartile ROA 1,0 0,1 0,3 0,8 Tier I ratio 14,4 11,3 13,2 14,8 ROE 8,9 1,2 5,7 8,8 Credit to corporates (Y-to-Y) -1,0-6,7-0,9 2,0 Cost- to-income 58,5 49,8 57,1 65,7 Credit to households (Y-to-Y) 9,2-2,3 0,1 3,7 Net interest margin 3,1 1,1 1,7 2,3 Share of domestic GB 20,4 1,7 3,7 7,6 NPL 3,8 3,7 5,3 10,0 Share of financing from interbank market 5,2 11,4 18,1 20,6 Coverage of NPL 81,0 40,3 53,2 58,8 Loan to deposit ratio 90,3 93,6 119,0 128,4 Slovakia Median EU Upper and lower quartile EU 8
9 Challenges posed by predominantly foreign owned banks Many positive experience with foreign capital (new banking culture) Situation has changed subsidiaries in Slovakia are in most cases in a better position than their banking group Possible negative effects transformation of subsidiaries into branches, deleveraging, outflow of capital, liquidity, cost cutting Probability of negative spillovers depends on attractiveness of subsidiaries for parents Position of largest SK banks within their banking groups 35% 30% 25% 20% 15% 10% 5% 0% -5% -10% -15% -20% ROE Share of group's ROE Share of group's ROE Share of group's ROE Share of group's ROE Share of group's profit profit profit profit profit Banking group 1 Banking group 2 Banking group 3 Banking group 4 Banking group 5 Interquartile range for group Median value for group Subsidiary in Slovakia 9
10 Challenges posed by the banking union Single supervisory mechanism is a big challenge for the NBS Transfer of power for the microprudential supervision on the ECB The NBS will still keep macroprudential powers Close cooperation with the ECB; the need to understand local conditions Challanges posed by 10
11 Thank you for your attention Marek Ličák Director of Macroprudential Policy Department National Bank of Slovakia 11
Evolution of the Supervisory Function within the CNB
Evolution of the Supervisory Function within the CNB Seminar marking the 2 th anniversary of the Czech and Slovak Central Banks David Rozumek Executive Director Financial Market Supervision October 2 nd,
More informationEIOPA Statistics - Accompanying note
EIOPA Statistics - Accompanying note Publication references: and Published statistics: [Balance sheet], [Premiums, claims and expenses], [Own funds and SCR] Disclaimer: Data is drawn from the published
More informationChallenges of supervisory regulatory changes. Mira Erić Vice-Governor, National Bank of Serbia Washington, June 3 rd 2010
Challenges of supervisory regulatory changes Mira Erić Vice-Governor, National Bank of Serbia Washington, June 3 rd 2010 Contents Overview of Serbian market Current banking regulatory framework in Serbia
More informationFINANCIAL STABILITY REPORT FOR THE REPUBLIC OF MACEDONIA IN 2013
National Bank of the Republic of Macedonia Supervision, Banking Regulation and Financial Stability Sector Financial Stability and Banking Regulations Department FINANCIAL STABILITY REPORT FOR THE REPUBLIC
More informationNPL resolution in the case of Romania
National Bank of Romania NPL resolution in the case of Romania June 2015 Financial Stability Department National Bank of Romania 1 Summary Main features of the Romanian banking sector Definition of NPL:
More informationprudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/
7 December 2017 Assessment of the notification by Cyprus in accordance with Article 458 of Regulation (EU) No 575/2013 concerning the application of stricter prudential liquidity requirements Introduction
More informationTHE ECONOMY AND THE BANKING SECTOR IN BULGARIA IN 2018
THE ECONOMY AND THE BANKING SECTOR IN BULGARIA IN 2018 SOFIA HIGHLIGHTS In 2018 the Bulgarian economy recorded growth of 3,1% on an annual basis, driven by the private consumption and investments; The
More informationECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK. of 31 August on critical infrastructures, cybersecurity and covered bonds (CON/2018/39)
EN ECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK of 31 August 2018 on critical infrastructures, cybersecurity and covered bonds (CON/2018/39) Introduction and legal basis On 18 July 2018 the European
More informationAddressing Risks And Promoting Financial Stability: The Case Of Vietnam Bui Van Hai et. al. (State Bank of Vietnam)
Addressing Risks And Promoting Financial Stability: The Case Of Vietnam Bui Van Hai et. al. (State Bank of Vietnam) This paper aims to provide the understanding of the financial stability framework in
More informationEIOPA Statistics - Accompanying note
EIOPA Statistics - Accompanying note Publication references: Published statistics: [Balance sheet], [Premiums, claims and expenses], [Own funds and SCR] Disclaimer: Data is drawn from the published statistics
More informationEIOPA Statistics - Accompanying note
EIOPA Statistics - Accompanying note Publication reference: Published statistics: [Balance sheet], [Premiums, claims and expenses], [Own funds and SCR] Disclaimer: Data is drawn from the published statistics
More informationMacroprudential indicators of the financial sector
Macroprudential indicators of the financial sector June 7 Macroeconomic risk indicators... Manufacturing Purchasing Managers Index (PMI) in selected economies... Services Purchasing Managers Index (PMI)
More informationMacroprudential indicators of the financial sector
Macroprudential indicators of the financial sector June 8 Macroeconomic risk indicators... Manufacturing Purchasing Managers Index (PMI) in selected economies... Services Purchasing Managers Index (PMI)
More informationIntroduction and legal basis. EBA/Op/2017/ December 2017
EBA/Op/2017/15 13 December 2017 Opinion of the European Banking Authority on the draft national measures that the Republic of Cyprus intends to adopt in accordance with Article 458 Regulation (EU) No 575/2013
More informationFeedbacks and Amplification in Stress-Tests: The STAMP case
Jérôme HENRY DG-Macroprudential Policy and Financial Stability European Central Bank Feedbacks and Amplification in Stress-Tests: The STAMP case EBA IMF Stress Test Colloquium 1-2 March 2017, London The
More informationTHE ECONOMY AND THE BANKING SECTOR IN BULGARIA
THE ECONOMY AND THE BANKING SECTOR IN BULGARIA SECOND QUARTER OF 2018 SOFIA HIGHLIGHTS The Bulgarian economy recorded growth of 3,6% on an annual basis in Q1 2018, driven by the private consumption and
More informationMacroprudential indicators of the financial sector
Macroprudential indicators of the financial sector June Macroeconomic risk indicators... Manufacturing Purchasing Managers Index (PMI) in selected economies... Services Purchasing Managers Index (PMI)
More information2. THE EUROPEAN INSURANCE SECTOR
2. THE EUROPEAN INSURANCE SECTOR The prolonged low interest rate environment, growing trade tensions and considerable political and policy uncertainty, not least regarding the outcome of on-going negotiations
More informationLabour market and Social Policy Review of Estonia
Labour market and Social Policy Review of Estonia Launch of the review, 11 May 2010 John Martin & Veerle Slootmaekers Directorate for Employment, Labour and Social Affairs, OECD www.oecd.org/els/estonia2010
More informationMacroprudential indicators of the financial sector
Macroprudential indicators of the financial sector June 6 Macroeconomic risk indicators... Manufacturing Purchasing Managers Index (PMI) in selected economies... Services Purchasing Managers Index (PMI)
More informationBANK PEKAO SA. Delivering sustainable profitability on the back of scale and market leadership
BANK PEKAO SA Delivering sustainable profitability on the back of scale and market leadership Bank of America Merrill Lynch Banking & Insurance CEO Conference London, 26.09.2012 DISCLAIMER This presentation
More informationTHE ECONOMY AND THE BANKING SECTOR IN BULGARIA
THE ECONOMY AND THE BANKING SECTOR IN BULGARIA SECOND QUARTER OF 2017 Sofia HIGHLIGHTS The Bulgarian economy recorded growth of 3,9% on an annual basis in Q1 2017, driven by the domestic demand; The inflation
More informationBanking Union: The Czech Perspective
Banking Union: The Czech Perspective Mojmír Hampl Vice-Governor, Czech National Bank The Meeting of the FSB Regional Consultative Group for Europe, May 5-6, 2015, Berlin The Czech banking sector stylized
More informationPayment System in Slovakia
Payment System in Slovakia Frankfurt am Main, ECB Ivan Šramko Governor 26 May 2009 Introduction Development of the Banking Sector in Slovakia Development of the Payment System in Slovakia Conclusion Development
More informationBalance of Payments in Poland for Q4 2013
Warsaw, 31 March 2014 Balance of Payments in Poland for Q4 2013 The quarterly bop has been prepared based on monthly and quarterly information reported by residents involved in transactions with non-residents,
More informationNÁRODNÁ BANKA SLOVENSKA
NÁRODNÁ BANKA SLOVENSKA The Analysis of the Slovak Financial Sector for the Year 27 Published by: Národná banka Slovenska 28 Adress: Národná banka Slovenska Imricha Karvaša 1 813 25 Bratislava Slovakia
More information- Funding Instruments in the Region - Covered Bonds
IV OECD Workshop on Housing Finance in Transition Economies Paris, December 14 th /15 th, 2004 Session 5: Development of Different Secondary Mortgage Markets and Instruments - Funding Instruments in the
More information5 Annex charts and tables
5 Annex charts and tables A Changes in the economic and financial environment... 71 B Payment defaults of the loan portfolio... 76 C Banks... 81 D Credit cooperatives... 91 E Financial enterprises... 94
More informationNational Bank of Romania s experience in dealing with the NPLs challenge
June 15 th, 2016 National Bank of Romania s experience in dealing with the NPLs challenge Florin Georgescu First Deputy Governor REGIONAL HIGH-LEVEL WORKSHOP ON NPLs RESOLUTION CONTENTS I. Romanian banking
More informationErste Group Bank AG Annual results 2012
Erste Group Bank AG Annual results 2012 Andreas Treichl, Chief Executive Officer Manfred Wimmer, Chief Financial Officer Gernot Mittendorfer, Chief Risk Officer Presentation topics Erste Group s development
More informationTHE ECONOMY AND THE BANKING SECTOR IN BULGARIA
THE ECONOMY AND THE BANKING SECTOR IN BULGARIA THIRD QUARTER OF 2018 SOFIA HIGHLIGHTS The Bulgarian economy recorded growth of 3,2% on an annual basis in Q2 2018, driven by the private consumption and
More informationReport on financial stability
Report on financial stability Márton Nagy MNB Club 26 April 212 Key risks Deteriorating lending capacity stemming particularly from liquidity side raises the risk of a credit crunch, mainly in the corporate
More informationGLOSSARY 158 GLOSSARY. Balance-sheet liquidity. The ability of an institution to meet its obligations in a corresponding volume and term structure.
158 GLOSSARY GLOSSARY Balance-sheet liquidity Balance-sheet recession Bank Lending Survey (BLS) The ability of an institution to meet its obligations in a corresponding volume and term structure. A situation
More informationprudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012.
19 July 2017 Assessment of the notification by Finland in accordance with Article 458 of Regulation (EU) No 575/2013 concerning the application of a stricter national measure for residential mortgage lending
More informationECB Report on Financial Integration in Europe April 2008 Lucas Papademos
ECB Report on Financial Integration in Europe April 2008 Lucas Papademos Frankfurt am Main, 29 April 2008 1 Structure of the report Chapter 1: State of financial integration in the euro area Assessment
More information4. Balance of Payments and Foreign Trade
24 4. Balance of Payments and Foreign Trade 4. Balance of Payments and Foreign Trade Current account deficit in 2014 was lower than the one realised in 2013 In the period January- November 2014, current
More informationThe Central Bank of Egypt
The Current Issues in Regulation and Supervision of the Financial Sector in MENA Region Gamal Negm Deputy Governor Abu Dhabi, UAE,19 November 2013 Current Situation Arab Spring and its effect on: 1. Political
More informationCESEE DELEVERAGING AND CREDIT MONITOR
DELEVERAGING AND CREDIT MONITOR October 12, 217 Key developments in BIS Banks External Positions and Domestic Credit Adjusting for one-off factors, the external position of BIS reporting banks in Central,
More informationBANKING IN CEE. Carlo Vivaldi CFO UniCredit Bank Austria
BANKING IN CEE Carlo Vivaldi CFO UniCredit Bank Austria Brussels, November 10, 2009 EU Parliament Committee on the Financial, Economic and Social Crisis Executive Summary Macroeconomic and Global Banking
More informationPortuguese Banking System: latest developments. 2 nd quarter 2018
Portuguese Banking System: latest developments 2 nd quarter 218 Lisbon, 218 www.bportugal.pt Prepared with data available up to 26 th September of 218. Macroeconomic indicators and banking system data
More informationOpinion of the European Banking Authority on measures in accordance
EBA/Op/2017/10 01 August 2017 Opinion of the European Banking Authority on measures in accordance with Article 458 Regulation (EU) No 575/2013 Introduction and legal basis 1. On 27 June 2017, the EBA received
More informationDEVELOPMENT OF SERBIAN BANKING SECTOR: A COMPARISON WITH THE WESTERN BALKAN COUNTRIES 1
CHAPTER 29. DEVELOPMENT OF SERBIAN BANKING SECTOR: A COMPARISON WITH THE WESTERN BALKAN COUNTRIES 1 Grozdana BELOPAVLOVIĆ 2, Mihajlo ĐUKIĆ 3 Abstract Serbian banking sector in last decade faces rapid expansion
More informationEDIS framework from a national perspective a viewpoint of the regulator
EFDI International Conference 2016 Harmonization vs. Centralization is EDIS the way to go? EDIS framework from a national perspective a viewpoint of the regulator Tomas Garbaravičius Board Member 30 September
More informationKEY FINANCIAL AND SHARE DATA
Half year financial report 2013 KEY FINANCIAL AND SHARE DATA in EUR million 1-6 13 1-6 12 Income statement Net interest income 2,431.2 2,651.7 Risk provisions for loans and advances -831.8-981.8 Net fee
More informationPortuguese Banking System: latest developments. 1 st quarter 2018
Portuguese Banking System: latest developments 1 st quarter 218 Lisbon, 218 www.bportugal.pt Prepared with data available up to 27 th June of 218. Macroeconomic indicators and banking system data are quarterly
More informationSTAMP : Stress Test Analytics for Macroprudential Purposes
Jérôme HENRY DG-Macroprudential Policy and Financial Stability European Central Bank STAMP : Stress Test Analytics for Macroprudential Purposes 2 nd ECB Macroprudential Policy and Research Conference 11-12
More informationLong Term Reform Agenda International Perspective
Long Term Reform Agenda International Perspective Asta Zviniene Sr. Social Protection Specialist Human Development Department Europe and Central Asia Region World Bank October 28 th, 2010 We will look
More informationDefinition of Public Interest Entities (PIEs) in Europe
Definition of Public Interest Entities (PIEs) in Europe FEE Survey October 2014 This document has been prepared by FEE to the best of its knowledge and ability to ensure that it is accurate and complete.
More information1. SLOVAK BANKING SECTOR DEVELOPMENT IN 2000
C. BANKING SUPERVISION IN 2000 1. SLOVAK BANKING SECTOR DEVELOPMENT IN 2000 During 2000, the Slovak Banking sector was faced with the first effects of Banking reform in three main areas: 1) Restructuring
More informationUBS Global Financial Services conference New York, May 16, Jan Lidén CEO
UBS Global Financial Services conference New York, May 16, 27 Jan Lidén CEO The leading bank in four small countries Sweden Total population: 9.m Private customers: 4.1m Corp. customers: 262, Organisations:
More informationCRISES PAST AND PRESENT: HOW DO POLICY CHOICES COMPARE? Ceyla Pazarbasioglu, IMF
CRISES PAST AND PRESENT: HOW DO POLICY CHOICES COMPARE? 2015 Ceyla Pazarbasioglu, IMF Disclaimer 2 The views expressed herein are those of the presenter and should not be attributed to the IMF, its Executive
More informationBanking Market Overview
Banking Market Overview CEE and Romania Bucharest, March 212 212 Ensight Management Consulting. 2 Agenda Banking Sector Overview CEE banking market Romanian banking market 3 CEE and Romanian banking market
More informationPortuguese Banking System: latest developments. 4 th quarter 2017
Portuguese Banking System: latest developments 4 th quarter 217 Lisbon, 218 www.bportugal.pt Prepared with data available up to 2 th March of 218. Macroeconomic indicators and banking system data are
More informationSpanish Bank Data. Principal monitoring indicators for the Spanish banking system. 27 Nov Sep % 22.8% -4.
Principal monitoring indicators for the Spanish banking system Table 1 Abridged balance sheet for the banking system. (EUR bn and % var.) Assets 2011 2012 2013 2014 2015 2016 2017 Date 00-'08 Total lending
More informationCNB Key Priorities in Financial Supervision
CNB Key Priorities in Financial Supervision Vladimír Tomšík Vicegovernor, Czech National Bank Czech Banking Association Conference October 22, 2012 1 Factors determining CNB's priorities in the area of
More informationPORTUGUESE BANKING SECTOR OVERVIEW
PORTUGUESE BANKING SECTOR OVERVIEW AGENDA I. Importance of the banking sector for the economy II. III. Credit activity Funding IV. Solvency V. State guarantee and recapitalisation schemes for credit institutions
More informationCESEE DELEVERAGING AND CREDIT MONITOR 1
CESEE DELEVERAGING AND CREDIT MONITOR 1 May 11, 217 Key developments in BIS Banks External Positions and Domestic Credit and Key Messages from the CESEE Bank Lending Survey The external positions of BIS
More informationRaiffeisen Bank International Q1/2016 Results
Raiffeisen Bank International Q1/2016 Results Disclaimer Certain statements contained herein may be statements of future expectations and other forward-looking statements, which are based on management's
More informationImproving Financial Stability in Croatia
Improving Financial Stability in Croatia Tomislav Galac Croatian national bank 73 rd East Jour Fixe of the OeNB: Croatia The 28th EU Member State Vienna, June 17, 213 The views expressed in this presentation
More information5 Annex charts and tables
5 Annex charts and tables A Changes in the economic and financial environment... 72 B Payment defaults of the loan portfolio... 79 C Banks... 82 D Banks branch offices... 89 E Cooperative credit institutions...
More informationOpening of the 14th banking industry meeting: should we reinvent banks or improve their management? IESE
12.12.2018 Opening of the 14th banking industry meeting: should we reinvent banks or improve their management? IESE Pablo Hernández de Cos Governor Good morning. I should like to thank the IESE for its
More informationPoland s Economic Prospects
Poland s Economic Prospects Unicredit Conference Warsaw, June 8, 11 Mark Allen Senior IMF Resident Representative for Central and Eastern Europe Recovery is driven by domestic demand Contributions to Real
More informationPRESS RELEASE. (geographical breakdown for the third quarter of 2008) AND. (at the end of the third quarter of 2008)
20 January 2009 PRESS RELEASE EURO AREA BALANCE OF PAYMENTS (geographical breakdown for the third quarter of 2008) AND INTERNATIONAL INVESTMENT POSITION (at the end of the third quarter of 2008) The current
More informationRISK DASHBOARD DATA AS OF Q2 2018
RISK DASHBOARD DATA AS OF Q2 2018 2 Contents 1 Summary 3 2 Overview of the main risks and vulnerabilities in the EU banking sector 4 3 Heatmap 5 4 Risk Indicators (RIs) 4.1 Solvency Tier 1 capital ratio
More informationInsurance Statistics Information
Insurance Statistics Information in Financial Supervisory System of Korea 26 27 January 2012 Jang, Seung-Rok Contents Ⅰ. Ⅱ. Ⅲ. Ⅳ. Outlook of the Korean Insurance Industry Financial Supervisory System of
More informationSYSTEMIC RISK BUFFER AND OTHER SYSTEMICALLY IMPORTANT INSTITUTIONS BUFFER. Analysis of the setting of the buffer requirements in Estonia
SYSTEMIC RISK BUFFER AND OTHER SYSTEMICALLY IMPORTANT INSTITUTIONS BUFFER Analysis of the setting of the buffer requirements in Estonia April 2016 1. SUMMARY The stability of a country s financial system
More informationBanking Digest Q3-2014
QUARTERLY Banking Digest Q3-214 BERMUDA MONETARY AUTHORITY PERFORMANCE HIGHLIGHTS The capital position of the banking sector rose in Q3, albeit driven by a contraction in the total asset base. The capital
More informationThe challenges facing the Spanish banking industry
23.06.17 The challenges facing the Spanish banking industry Closing address to the seminar La Cuarta revolución. Cómo afecta la agenda digital a la economía y a la industria? ( The fourth revolution. How
More informationInvestor presentation Europe roadshow September 2012
Europe roadshow Manfred Wimmer Chief Financial Officer and Chief Performance Officer Thomas Sommerauer Head of Group Investor Relations Christian Reiss Head of Debt Capital Markets Disclaimer Cautionary
More information4 STRESS TESTS 4 STRESS TESTS 4.1 SOLVENCY STRESS TESTS OF BANKS AND PENSION MANAGEMENT COMPANIES
52 STRESS TESTS CHART IV.1 BOX Adverse scenarios in Financial Stability Reports 21-- 217 (change in real GDP; year-on-year in %) 8 6 2-2 - -6-8 25Q1 28Q1 211Q1 21Q1 217Q1 Past GDP growth 21Q1 211Q1 212Q1
More informationReport for the 4th quarter of 2018 Bank Norwegian AS
Report for the 4th quarter of 2018 Bank Norwegian AS Q4 Letter from the CEO The economic outlook for the Nordic region remains benign. GDP growth and employment levels are favorable while interest rates
More informationGetting ready to prevent and tame another house price bubble
Macroprudential policy conference Should macroprudential policy target real estate prices? 11-12 May 2017, Vilnius Getting ready to prevent and tame another house price bubble Tomas Garbaravičius Board
More informationDealing with Non-Performing Loans
Dealing with Non-Performing Loans European Versus Czech Perspective Marek Mora Board member Czech National Bank Financial Stability Seminar 11 th Edition 26 October 2017, NBR Bucharest Contents 1. Situation
More informationOverview of the publication of Supervisory banking statistics
Giancarlo Pellizzari Head Supervisory Statistics Division Overview of the publication of Supervisory banking statistics 28 November 2016 Context of the supervisory banking statistics publication The first
More informationThe Swedish approach to capital requirements in CRD IV
The Swedish approach to capital requirements in CRD IV State Secretary Johanna Lybeck Lilja The aim of capital requirements Enhancing growth creating potential of a integrated, stable financial system
More informationMIND THE CREDIT GAP. Spring 2015 Regional Economic Issues Report on Central, Eastern and Southeastern Europe (CESEE) recovery. repair.
Spring 215 Regional Economic Issues Report on Central, Eastern and Southeastern Europe (CESEE) repair recovery MIND THE CREDIT GAP downturn expansion May, 215 Growth Divergence in 214 Quarterly GDP Growth,
More informationThe Czech Financial Sector and the Role of the CNB: Historical Overview. Miroslav Singer
The Czech Financial Sector and the Role of the CNB: Historical Overview Miroslav Singer Governor, Czech National Bank 4th Regional Governors Meeting Rovinj Croatia, 1 April 2016 Overview Evolution of Czech
More informationOCCASIONAL PAPER SERIES. No 21 / 2018 OVERVIEW OF LITHUANIA S BANKING SECTOR SUSTAINABILITY IN THE POST-CRISIS ENVIRONMENT
BANK OF LITHUANIA. WORKING PAPER SERIES No 1 / 08 SHORT-TERM FORECASTING OF GDP USING LARGE MONTHLY DATASETS: A PSEUDO REAL-TIME FORECAST EVALUATION EXERCISE 1 OVERVIEW OF LITHUANIA S BANKING SECTOR SUSTAINABILITY
More informationBalance of Payments in Poland for Q4 2017
Balance of Payments in Poland for Q4 2017 Warsaw, 30 March 2018 The quarterly bop has been prepared based on monthly and quarterly information reported by Polish residents involved in transactions with
More information5. Risk assessment Qualitative risk assessment
5. Risk assessment 5.1. Qualitative risk assessment A qualitative risk assessment is an important part of the overall financial stability framework. EIOPA conducts regular bottom-up surveys among national
More informationSlovakia: Eurozone country with high growth potential
Erste Group 8 th Capital Markets Day, Jozef Síkela, CEO, Slovenská sporiteľňa Disclaimer Cautionary note regarding forward-looking statements THE INFORMATION CONTAINED IN THIS DOCUMENT HAS NOT BEEN INDEPENDENTLY
More informationSlovak Republic. Investor Presentation March 2011
Slovak Republic Investor Presentation March 2011 1 Agenda 1. Slovak Republic at a Glance 2. Low Indebtedness and Solid Macro Fundamentals 3. Public Finance Consolidation Strategy 4. Prudent Debt Management
More informationThe Resolution of Non- Performing Loans in the euro area
Reiner Martin Deputy Head of Division Macroprudential Policy European Central Bank The Resolution of Non- Performing Loans in the euro area Oesterreichische Nationalbank Wien, 18 September 2017 This presentation
More informationFINNISH BANKING IN Financial overview of Finnish banks
FINNISH BANKING IN 2017 Financial overview of Finnish banks 1 FINNISH BANKING IN 2017 Contents 1 Economic environment... 2 1.1 Economic development... 2 1.2 Regulatory environment... 2 1.3 Housing market...
More informationPrincipal monitoring indicators for the Spanish banking system
Principal monitoring indicators for the Spanish banking system Table 1 Abridged balance sheet for the banking system. (EUR bn and % var.) Assets Date 00-'08 latest y-on-y Total lending 2,106 1,951 1,716
More information4finance Holding SA Investor Presentation for 6 month 2016 results
4finance Holding SA Investor Presentation for 6 month 2016 results 31 August, 2016 0 Summary of first half 2016 4finance has established a leading business with strong growth prospects European market
More informationR E S U LT S 1 ST Q U A R T E R M A Y
BRD - GROUP R E S U LT S 1 ST Q U A R T E R 2 0 1 8 M A Y 2 0 1 8 DISCLAIMER The consolidated and separate financial position and income statement for the period ended March 31, 2018 were examined by the
More informationMACRO-PRUDENTIAL ANALYSIS OF THE BANKING SECTOR THIRD QUARTER OF 2012
MACRO-PRUDENTIAL ANALYSIS OF THE BANKING SECTOR THIRD QUARTER OF 212 The aim of this macro-prudential analysis of the banking sector is to provide a comprehensive overview of risk and trend developments
More informationErste Group posts net profit of EUR million in H1 17. Press conference 4 August Page 1
Erste Group posts net profit of EUR 624.7 million in H1 17 Press conference 4 August 2017 Page 1 Business environment Central and Eastern Europe is the fastest growing EU region 2017 2018 Real GDP growth
More informationRecommendations compliance table
Recommendations compliance table EBA/REC/2017/02 2 March 2017; Date of application 1 July 2017 Recommendations on the coverage of entities in a group recovery plan The following competent authorities*
More informationVanessa Redak (University of Vienna, Austria) Is the European banking system safer ten years after the crisis?
Vanessa Redak (University of Vienna, Austria) Is the European banking system safer ten years after the crisis? EuroMemo GROUP 24th Annual Conference on Alternative Policy in Europe 10 yearsintothecrisis
More informationDEVELOPMENTS IN DOMESTIC FINANCIAL MARKETS IN
10 FINANCIAL MARKET DEVELOPMENTS IN DOMESTIC FINANCIAL MARKETS IN 2005 1 In 2005, the economy of the Slovak Republic continued to show strong growth, which was, as opposed to 2004, accompanied by a fall
More informationInnovating Public Health Policy in times of the financial & economic crisis in the WHO European Region
Brussels, 21 February 2013 Innovating Public Health Policy in times of the financial & economic crisis in the WHO European Region Hans Kluge Director, Health Systems and Public Health The WHO policy Health
More informationDEVELOPMENT OF NON-BANKING SECTOR IN EU AND BULGARIA. M. Nedelchev * International Business School, Sofia, Bulgaria
DEVELOPMENT OF NON-BANKING SECTOR IN EU AND BULGARIA M. Nedelchev * International Business School, Sofia, Bulgaria ABSTRACT Article explores the development of non-banking sector in EU. The new institutional
More informationPortuguese Banking System
Portuguese Banking System Recent Developments Updated: 1 st quarter 215 Prepared with data available up to 24 June 215 Outline Portuguese Banking System Main Highlights Macroeconomic and Financial Indicators
More informationEBA REPORT ON ASSET ENCUMBRANCE JULY 2017
EBA REPORT ON ASSET ENCUMBRANCE JULY 2017 1 Contents List of figures 3 Executive summary 4 Analysis of the asset encumbrance of European banks 6 Sample 6 Scope of the report 6 Total encumbrance 7 Encumbrance
More informationTemplate for notifying intended measures to be taken under Article 458 of the Capital Requirements Regulation (CRR)
Template for notifying intended measures to be taken under Article 458 of the Capital Requirements Regulation ( Please send this template to notifications@esrb.europa.eu when notifying the ESRB; macropru.notifications@ecb.europa.eu
More informationKEY CHALLENGES FOR SUSTAINING GROWTH AND COMPETITIVENESS IN SEE
KEY CHALLENGES FOR SUSTAINING GROWTH AND COMPETITIVENESS IN SEE GLOBAL TRENDS Accelerating growth in advanced economies (US, UK, Eurozone) vs. Slowdown in almost all emerging markets Downward revisions
More informationHQ Bank Get a grip on Russia 2 December 2009
HQ Bank Get a grip on Russia 2 December 2009 Profitable organic growth in solid segments Nordea - one of few foreign banking partners Thomas Neckmar Head of New European Markets Nordea - the leading bank
More information