Czech banks in good health

Banks in the Czech Republic are in good health and should remain resilient to shocks the Czech Central Bank said on Tuesday after conducting regular stress tests. The stability of Czech banks would not be endangered even in the event of a deepening recession, the report says. The pension funds sector remains sensitive to price fluctuations of the securities they hold, but an increase in capital in the course of 2012 has strengthened its resilience in comparison with the previous year. On financial markets, the Central Bank points out certain risks in connection with pursuit of profit.