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Financial stability

News

28 November 2022

Financial Stability Report – November 2022

The source of uncertainty is a combination of elevated inflation, rising interest rates, war, and a weakening economy. This may impair the financial situation of some firms and households as well as the funding structure of banks, while at the same time mitigating the risks associated with rising indebtedness.

Financial stability

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.

29 September 2022

Macroprudential Commentary – September 2022

The countercyclical capital buffer rate remains unchanged. The credit market is experiencing a strong upswing. Rising interest rates, increasing living costs, and elevated uncertainty will act as a drag on loan demand in the coming period. Banks are in a sufficiently sound position to cope with the potential losses associated with current risks.

Financial stability

7 September 2022

New rules on lending to households

NBS has adjusted the debt-to-income (DTI) ratio limits for loans maturing after the borrower reaches retirement age. It also eased conditions for granting consumer credit for the renovation of family houses under Slovakia’s recovery and resilience plan.

Financial stability

20 June 2022

Opportunity taken or not: To what extent have households taken the chance to lock in a low interest for a longer term?

The period of low interest rates is over. Some households have prepared for this in advance by locking in low interest rate for a longer term. In the commentary, NBS focuses on the implications of rising interest rates. (In Slovak language only)

Financial stability

27 May 2022

Other Systemically Important Institutions – May 2022

NBS has set the capital buffer rates specific to ‘other systemically important institutions’ (O-SIIs) in Slovakia. The Bank expanded the list of O-SIIs to include Prima banka and increased the buffer rate for ČSOB.

Financial stability