Download 1_ws_1_2_budinsky, 514 kB

An Impact of Institutional Environment
on the Czech Banking Sector
Petr Budinský
Vice-rector VŠFS
Conference
Human Capital & Financial Management
Prague, September 2012
SOLUTION OF DEBT CRISIS
• Political Union
• Fiscal Union
• Banking Union
ECB
•
•
•
•
Decrease of interest rates
LTRO 1 trln EUR
Unlimited buy-out of bonds
Banking union
- 1 regulator
- sharing risks
BANKING ASSETS
Eurozone
CR
in trln
33 (EUR)
4,7 (CZK)
% of GDP
350
125
BANKING LOANS
% of banking assets
Eurozone
CR
33
44
% of GDP
124
57
BANKS
•
•
•
•
•
Worsening of loans
Holding of bonds
Losing deposits
Capital requirements
Fundings problems
DELEVERAGING
+ … Restructuring of assets
Capital increase
- … Restricting new loans
BANKS BEHAVIOUR
• Bonds purchases
• Stricter conditions for granting of
loans
• Lower demand for loans
CNB EXPOSURE (in BLN´s of CZK)
2009
2010
2011
GERMANY
124
216,7
283,4
ITALY
54,1
17,9
4,8
IRELAND
13,8
5,8
0,5
SPAIN
60,6
11,1
6,7
GREECE
14,8
0,1
0
SOCIETE GENERALE / KB EXPOSURE
SOC. GEN.
KB
(in BLN´s of EUR)
( in BLN´s of CZK)
GREECE
2,9
7
SPAIN
2,2
0
ITALY
4,5
8,2
PORTUGAL
0,4
0,2
IRELAND
0,2
0
KBC / CSOB EXPOSURE
KBC
CSOB
(in BLN´s FOND)
(in BLN´s of CZK)
GREECE
0,5
3,06
SPAIN
2,2
0,57
ITALY
6,1
1,99
PORTUGAL
0,4
0
IRELAND
0,3
0