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Sector
Financials
Size
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
Monday.
    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
crisis. 
    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)
 ((jason.hovet@thomsonreuters.com; +420 234 721 613;))
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