Český finanční a účetní časopis 2017(3):39-55 | DOI: 10.18267/j.cfuc.500

Banking sector of the Czech Republic: development in crisis period and present

Zbyněk Revenda
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra měnové teorie a politiky, nám. W. Churchilla 4, 130 67 Praha 3.

The author analyzes the development of the Czech banking sector over the past ten years, focusing on selected assets and liabilities to assess the liquidity and solvency situation and development. Banks did not have any more serious problems even in the years of economic downturn 2009 and 2012-2013, they did not need assistance from the central bank or from the state. A potential and paradoxical problem may be the high level of free reserves at the central bank. It is a risk-free and highly liquid asset, but also a low-yielding asset. This also leads to virtually nil state of bank lending from the central bank. The main reason for the dramatic growth of reserves was foreign exchange intervention against the koruna. Banks as a whole are also solvent, the average capital adequacy considerably exceeds the level of minimum requirements. Severe financial crises are not connected with the Czech banking system in the analyzed period.

Keywords: Bank assets; Bank liabilities; Bank Reserves; Capital adequacy; Crisis; Liquidity; Solvency.
JEL classification: E5, G21

Published: February 1, 2018  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Revenda, Z. (2017). Banking sector of the Czech Republic: development in crisis period and present. Czech Financial and Accounting Journal, 2017(3), 39-55. doi: 10.18267/j.cfuc.500
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. BLAHOVÁ, N., 2015. Analysis of the Relation between Macroprudential and Microprudential Policy. European Financial and Accounting Journal. Roč. 10, č. 1, s. 33-47. doi: 10.18267/j.efaj.136. Go to original source...
    2. ČNB, 2017a. Databáze časových řad ARAD [online]. [cit. 2. 10. 2017]. Dostupné z: <https://www.cnb.cz/docs/ARADY/HTML/index.htm>.
    3. ČNB, 2017b. Databáze časových řad ARAD - Aktiva [online]. [cit. 2. 10. 2017]. Dostupné z: <https://www.cnb.cz/cnb/STAT.ARADY_PKG.STROM_SESTAVY?p_strid=AABAA&p_sestuid=&p_lang=CS>.
    4. ČNB, 2017c. Databáze časových řad ARAD - Banky - Kapitálové poměry [online]. [cit. 4. 10. 2017]. Dostupné z: <https://www.cnb.cz/cnb/STAT.ARADY_PKG.VYSTUP?p_period=6&p_sort=1&p_des=50&p_sestuid=33113&p_uka=1%2C5&p_strid=BAH&p_od=200803&p_do=201706&p_lang=CS&p_format=3&p_decsep=%2C>.
    5. ČNB, 2017d. Databáze časových řad ARAD - Banky - Poměrové ukazatele [online]. [cit. 3. 10. 2017]. Dostupné z: <https://www.cnb.cz/cnb/STAT.ARADY_PKG.VYSTUP?p_period=6&p_sort=1&p_des=50&p_sestuid=37694&p_uka=9%2C12&p_strid=BAK&p_od=200803&p_do=201706&p_lang=CS&p_format=3&p_decsep=%2C>.
    6. ČNB, 2017e. Databáze časových řad ARAD - Měnový přehled - historická data - Aktiva [online]. [cit. 9. 10. 2017]. Dostupné z: <https://www.cnb.cz/cnb/STAT.ARADY_PKG.PARAMETRY_SESTAVY?p_sestuid=1148&p_strid=AAACA&p_lang=CS>.
    7. ČNB, 2017f. Databáze časových řad ARAD - Pasiva [online]. [cit. 3. 10. 2017]. Dostupné z: <https://www.cnb.cz/cnb/STAT.ARADY_PKG.STROM_SESTAVY?p_strid=AABAB&p_sestuid=&p_lang=CS>.
    8. ČNB, 2017g. Devizové obchody ČNB [online]. [cit. 6. 10. 2017]. Dostupné z: <http://www.cnb.cz/cs/financni_trhy/devizovy_trh/DEVOP_EUR.HTML>.
    9. ČNB, 2017h. Zprávy o finanční stabilitě [online]. [cit. 13. 10. 2017]. Dostupné z: <https://www.cnb.cz/cs/financni_stabilita/zpravy_fs/>.
    10. ECB [European Central Bank], 2017a. Supervisory Banking Statistics [online]. [cit. 12. 10. 2017]. Dostupné z: <https://www.bankingsupervision.europa.eu/banking/statistics/html/index.en.html>.
    11. ECB [European Central Bank], 2017b. Eurosystem balance sheet [online]. [cit. 12. 10. 2017]. Dostupné z: <https://www.ecb.europa.eu/pub/annual/balance/html/index.en.html>.
    12. ECB [European Central Bank], 2017c. Statistical data warehouse - Aggregated balance sheet [online]. [cit. 11. 10. 2017]. Dostupné z: <http://sdw.ecb.europa.eu/reports.do?node=1000003154>.
    13. KINDLEBERGER, C. P., ALIBER, R., 2005. Manias, Panics, and Crashes: A History of Financial Crises. New York: Wiley. Go to original source...
    14. MANDEL, M., TOMŠÍK, V., 2015. Dynamika a rovnováha úspor, investic a úvěru v hospodářském cyklu: příklad České republiky. Politická ekonomie. Roč. 63, č. 1, s. 32-56. doi: 10.18267/j.polek.987. Go to original source...
    15. MISHKIN, F. S., 2013. Economics of Money, Banking, and Financial Markets. Pearson.
    16. REINHART, C., ROGOFF, K., 2009. This Time is Different: Eight Centuries of Financial Folly. Princeton: Princeton University Press. Go to original source...

    This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content