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| The financial system in the Slovak Republic remains stable, the environment is deteriorating |
| Bratislava, 02.06.2026 |
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| The financial system in Slovakia remains stable, profitable and resilient. However, the economic environment is less favorable than in the past, as economic growth is weaker and uncertainty remains elevated. The main source of risks continues to be the external environment. However, stress testing confirmed that Slovak banks would be able to cope with significantly adverse developments. This follows from the current Financial Stability Report as of May 2026, which was announced by representatives of the National Bank of Slovakia (NBS) at a press conference on Monday.
Vladimír Dvořáček, a member of the Bank Board and Executive Director of the Supervision and Financial Stability Department of the NBS, pointed out that we are operating in a much more complex environment than in the past. The risks to further developments are both external and internal. "As for the external ones, these are mainly geopolitical risks, the ongoing war in Ukraine, new military conflicts in the Middle East. The war with Iran is lasting longer than we expected. All this affects small and mainly open economies, such as Slovakia, to a greater extent than perhaps other larger states," he explained. The consequences of the current situation in the world are already reflected in the price of more expensive inputs, especially energy, and also in higher interest rates.
Banks operating in Slovakia maintain solid profitability, which is mainly based on interest income from mortgages, Dvořáček emphasized. "Refixations are taking place gradually from lower rates to higher ones and there is still a catch-up of this favorable effect of higher interest rates on bank profitability," he explained.
According to him, the capital and liquidity position of banks remains stable and at a very high level. “Stress testing has shown us that banks would be able to handle even a significantly negative scenario based on a weakening economy and rising inflation due to more expensive energy. This impact on banks would be manageable,” emphasized a member of the NBS Bank Board.
In the area of insurance companies, the central bank perceived a positive development last year. “The situation improved especially in life insurance, where savings and investment insurance decreased, but risk and health insurance increased. The insurance sector maintained profitability,” assessed Dvořáček.
As for pension savings, assets in funds grew, which was contributed by the appreciation of investments and the influx of new clients. The situation was very similar in the collective investment sector, where assets appreciated and the influx of new clients continued. "There is a significant growth in the equity component, which of course means that in good times these assets grow, but there is a higher sensitivity to a possible drop in prices or some correction in global financial markets," added Dvořáček.odkaz na stránku |
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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