Slovak Republic: Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Insurance Regulation
IMF Staff Country Reports, July 17, 2007
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- Slovak Republic: Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Insurance Regulation
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Bibliographic details
- Published: July 17, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451835564.002
Publication metadata
- Publication date: July 17, 2007
- Series: Country Report No. 2007/243
- Issue: 243
- Volume: 2007
- Pages: 41
- DOI: https://doi.org/10.5089/9781451835564.002
- ISBN: 9781451835564
- ISSN: 1934-7685
- Stock No: 1SVKEA2007003
Executive summary and key findings
- Commercial banks are by far the dominant financial institutions in the Slovak Republic.
- Nonbank financial institutions have grown faster than banks in recent years.
- The securities markets remain small.
- Although rapid, the rate of bank credit growth seems appropriate, given the strong outlook for the economy.
- Stress tests confirm that banks are currently resilient to a range of possible adverse shocks.
Financial structure and sectoral observations
- Dominance: Commercial banks constitute the primary component of the financial system.
- Nonbank growth: Nonbank financial institutions experienced faster growth relative to banks in recent years.
- Market depth: Securities markets are characterized as small.
Credit dynamics and macro linkage
- Bank credit growth: Described as rapid.
- Appropriateness: The rapid credit growth is assessed as appropriate in light of a strong economic outlook.
Resilience analysis
- Stress testing: Results indicate banks are resilient to a range of possible adverse shocks.
Subjects and keywords (as provided)
- Subjects: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Financial sector, Financial Sector Assessment Program, Financial sector policy and analysis, Loans, Pension spending
- Keywords: bank, bank loan, Central and Eastern Europe, Commercial banks, CR, Europe, Financial sector, Financial Sector Assessment Program, foreign currency, FSAP, FSAP team, Global, ISCR, loan, Loans, major counterparty, Pension spending, return on equity, short term, Slovak bank, Slovakia
Source: Slovak Republic: Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes on Banking Supervision and Insurance Regulation (IMF Staff Country Reports, 2007).
Content in this bundle
- _cr07243 - Executive Summary