An Impact of Institutional Environment on the Czech Banking Sector Petr Budinský Vice-rector VŠFS...
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An Impact of Institutional Environment on the Czech Banking Sector
Petr BudinskýVice-rector VŠFS
ConferenceHuman 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
in trln % of GDPEurozone 33 (EUR) 350CR 4,7 (CZK) 125
BANKING LOANS
% of banking assets % of GDP
Eurozone 33 124CR 44 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. (in BLN´s of EUR)
KB ( 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 (in BLN´s FOND)
CSOB (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