Czech Republic: Four Banks too Big to Fail

People ♦ Published: October 24, 2013; 14:36 ♦ (Vindobona)

CNB has determined four domestic banks that could potentially endanger the country’s financial system in case of bankruptcy, as reported by daily “Hospodarske noviny” (HN).

Czech Republic: Four Banks too Big to Fail / Picture: © Czech National Bank

The Czech National Bank (CNB), however, has not named the determined banks yet. David Marek, economist at Patria Finance, the banks concerned ar CSOB, Ceska sporitelna, Komercni banka and UniCredit Bank. "With regard to our significance and due to being a part of the UniCredit group we were included in the list of banks important for the entire system," Petr Plocek, spokesman of…

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