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Sector
Financials
Size
Large Cap
Market Cap £7.38bn
Enterprise Value £4.45bn
Revenue £7.53bn
Position in Universe 115th / 1039

Slovak banks have twice more capital than in last crisis, central bank says

Tue 2nd June, 2020 9:00am
PRAGUE, June 2 (Reuters) - The Slovak banking sector's
capital adequacy is nearly double what is was before the last
global crisis in 2008 and banks can manage the coronavirus
crisis despite a big profitability hit, the central bank said on
Tuesday in a financial stability report.
    The central bank said some banks could suffer losses in the
crisis while the sector's average capital adequacy would fall
around 3 percentage points from 19.7% under its stress testing
scenario.
    The bank regulator also said banks should act conservatively
towards dividends from 2020 earnings after the sector largely
did not pay out 2019 profits.

 (Reporting by Jason Hovet)
 ((jason.hovet@thomsonreuters.com; +420 234 721 613;))
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