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CNB: The resilience of the financial sector has increased

The resilience of the financial sector in the Czech Republic against possible unfavourable shocks has increased. This is according to the Report on Financial Stability 2014/2015 of the Czech National Bank (CNB). CNB governor Miroslav Singer said that a positive influence on the total result came from the increase of capital adequacy in the sector, the favourable development of liquidity and positive changes in risk management by financial institutions.

Source: www.cianews.cz