National banks says high capital ratios give security
The country’s main banking and financial watchdog, the Czech National Bank, has said that the country’s banks are strong enough to weather a downturn in the economy. The assessment was given in the latest results of so-called stress tests carried out by the central bank. It said that the high capital ratios of local banks compared with their loan exposure was one of the main reasons for their ability to ride an economic downturn. A previous assessment of the banks was released at the end of November.