Czech Banking Industry Is “Healthy”

Businessn.a. ♦ Published: October 31, 2013; 06:24 ♦ (Vindobona)

According to the Czech banking association (CBA), the Czech banks are well equipped with capital.

Czech Banking Industry Is “Healthy” / Picture: © Vindobona.org

In general, the Czech banking sector is stable, President of CBA Pavel Kavanek said. The health and capital equipment of the Czech banking sector are on a high level, Kavanek stated and referred to the traditional business model. In the Czech Republic, the NPL quota only comes at 6%.

At the moment, the Czech banking sector has a loan-to-deposit ratio of 75%. Moreover, lending is…