Banking Reform in Slovakia: Case of Commercial Banks and Central Bank

Marianna Sinicakova ()

Chapter 13 in Serbia and the European Union: Economic Lessons from the New Member States, 2011, vol. 1, pp 200-213 from Institute of Economic Sciences

Abstract: Slovakia has realised several reforms after year 2000. One of the first reforms was restructuring of banking sector at the level of commercial banks and central bank, too. General conditions were harmonised with European standards. Stabilised and sound bank sector enabled application of other reforms, facilitated integration into the European Union and into the Euro area. Consequently, banks in Slovakia could face a very demanding year 2009 rather successfully. For Slovakia the year 2009 was specific also due to euro adoption and consequent increased cost especially in banking sector. However, despite a certain drop of profits, positions of the banks were not shattered. The role of the central bank within Slovak integration was significant and with positive impact on other sectors. The paper provides analysis of implemented measurements in banking reform, their confrontations with other countries in transitions.

Keywords: Banking sector; central bank; Slovakia; financial and economic crisis (search for similar items in EconPapers)
Date: 2011
ISBN: 978-971-9344-03-9
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