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CBANK: HUNGARY BANKING SECTOR 'HIGHLY RESILIENT' AMID CHALLENGES

 

The National Bank of Hungary (NBH) in a fresh report said the local banking sector’s “significant” capital position and liquidity reserves would remain “robust” even in the case of a crisis more severe than the current forecasts. “The Hungarian banking sector is highly resilient and had significant capital and liquidity buffers when it entered the complex, challenging period. Although banks’ liquidity buffers fell slightly, ample reserves are still available. The sector would meet the regulatory requirements even in the case of a severe liquidity shock,” the central bank and financial market regulator said in its biannual report on financial stability.