Czech banks get clean bill of health in IMF analysis

An IMF report issued on Tuesday appeared to give the Czech financial sector a clean bill of health, noting that it could withstand substantial shocks thanks to strong capital, liquidity and profits. But it also warned that it is vulnerable to potential negative occurrences in the EU and also at its foreign parent banks, particularly in light of the large dependence of the Czech Republic on exports to the EU. The IMF also stated that the Czech regulatory framework for banks was largely sound, but called for more staff and for an increase in bank inspections.

Author: Dominik Jůn