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Large Cap
Market Cap £7.42bn
Enterprise Value £4.47bn
Revenue £7.59bn
Position in Universe 116th / 1040

Slovakia cuts countercyclical buffer rate for banks to 1.0%

Mon 6th July, 2020 11:23am
PRAGUE, July 6 (Reuters) - Slovakia's central bank cut the
countercyclical capital buffer rate to 1.00%, from 1.50%, with
effect from Aug. 1, as it sought to give banks enough capital
for lending and preparing for bad loan provisioning, it said on
    Slovakia was among only a handful of European states
requiring bank's maintain the extra buffer, designed to
safeguard against economic swings, going into the coronavirus
    The central bank said the current level was enough of a
reserve against potential losses although it was ready to lower
the buffer rate further if needed.

 (Reporting by Jason Hovet, editing by Louise Heavens)
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