Financial stability
News
27 November 2023
Financial Stability Report – November 2023
Mortgage and corporate loan originations have stabilised at a slightly reduced level in 2023. Households and firms have been able to service their loans even at higher interest rates. Going forward, however, economic developments will be a key factor. The banking sector remains resilient with sufficient levels of capital and liquidity.
26 September 2023
Macroprudential Commentary – September 2023
The financial cycle has cooled. Loan growth is no longer decelerating, while mortgage origination is down by one-third compared with the previous three years. This is due to reduced demand, whose impact is also seen in declining housing prices. Banks remain well capitalised and soundly profitable. There is no need to adjust the CCyB rate.
16 August 2023
The increase in mortgage payments is manageable for most households (in Slovak)
As a result of the increase in interest rates, every second mortgage will face an increase in repayment by the end of 2025. Additional expenses for installments will be on average at the level of 5% to 7% of income. Such an increase should be manageable for most households. The situation therefore does not require an implementation of broad measures.
30 May 2023
Other Systemically Important Institutions – May 2023
NBS has set the capital buffer rates specific to ‘other systemically important institutions’ (O-SIIs) in Slovakia from January 2024.
25 January 2023
Recommendation of the ESRB on vulnerabilities in the commercial real estate sector
The European Systemic Risk Board (ESRB) recommends improving the monitoring of the commercial real estate (CRE) sector and its financing in the European Economic Area countries. The goal is to identify and assess potential risks to financial stability. If necessary, it recommends taking steps aimed at ensuring prudent practices for CRE financing and strengthening the resilience of financial institutions.
5 October 2022
Warning of the European Systemic Risk Board (ESRB)
On 22 September 2022, ESRB issued a warning on vulnerabilities in the financial system of the EU. The identified risks pertain to: (i) the deterioration of the macroeconomic outlook, (ii) risks to financial stability stemming from a (possible) sharp asset price correction, and (iii) the implications of such developments for asset quality (including non-performing loans). ESRB calls for microprudential and macroprudential authorities to preserve or enhance this resilience of the financial sector, so that it can continue to support the real economy even if these risks materialise.