PRAGUE, Nov 30 (Reuters) – The Czech Nationwide Financial institution saved unchanged the counter-cyclical buffer (CCB) for banks in addition to necessities for mortgages on Wednesday because it mentioned the banking sector remained resilient to doable shocks.
The buffer charge for banks’ extra reserve capital is about to rise regularly to 2.5% as of April 2023 as beforehand determined by the central financial institution.
“The banking sector has sufficient capital to soak up shocks even within the occasion of longer-lasting financial issues and local weather shocks,” the central financial institution mentioned.
Reporting by Robert Muller and Jan Lopatka
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