Slovakia Banking & Financial Services Report Q4 2017

Slovakia Banking & Financial Services Report Q4 2017

BMI View: Slovakia's financial sector has been relatively robust compared to most regional peers in recentyears, as the sector is small relative to GDP. The financial market is dominated by foreign entities, whichprovides Slovakia with foreign expertise and a de facto lender of last resort, strengthening its financialposition. The banking sector has undergone rapid growth over the past years, on the back of a strongmacroeconomic environment, providing tailwinds to credit growth in the non-financial corporate andhousehold segments. However, over the coming years we expect growth to slow on the back of newregulatory restrictions, increasing the cost of lending for banks. As of August 2018, additionalcountercyclical buffers to protect banks against losses potentially occurring by cyclical systemic risks willbe required.

We have a positive outlook for Slovakia's financial services sector over our forecast period through 2026.We note that Slovakia's financial system is dominated by banks rather than other financial services firms. Inparticular, the stock exchange and asset management industries are relatively small compared to most peers,in which we see potential for growth and room to catch up. Asset quality in Slovakia's banking system isextremely strong, with a non-performing loan ratio of just 3.5% of total loans in early 2017. In combinationwith additional countercyclical buffers required by the National Bank of Slovakia, we believe that the sectoris not significantly exposed to domestic systemic risks.

BMI Industry View
Banking & Financial Services Industry View
Table: Financial Services Forecasts (Slovakia 2015-2020)
Table: Financial Services Forecasts (Slovakia 2021-2026)
Banking & Financial Services
Banking Snapshot
Forecast Scenario
Table: Slovakia - Banking Sector Snapshot
Table: Key Banking Forecasts (Slovakia 2015-2021)
Forecast Tables
Table: Assets Forecasts (Slovakia 2015-2020)
Table: Assets Forecasts (Slovakia 2021-2026)
Table: Liabilities Forecasts (Slovakia 2015-2020)
Table: Liabilities Forecasts (Slovakia 2021-2026)
Table: Key Ratios Forecasts (Slovakia 2015-2026)
Competitive Landscape
Table: Top 10 Commercial And Retail Banks By Total Assets, EURmn
Table: Top 10 Banks - Asset Quality
Table: Top 10 Banks - Earnings & Profitability
Table: Top 10 Banks - Capital And Leverage
Table: Top 10 Banks - Funding And Liquidity
Regulatory Environment
Insurance Snapshot
Table: Gross Insurance Premiums Written (Slovakia 2015-2020)
Table: Gross Insurance Premiums Written (Slovakia 2021-2026)
Competitive Landscape
Table: Top 10 Life Insurance Companies By Gross Premiums, USDmn
Table: Top 10 Non-Life Insurance Companies By Gross Premiums, USDmn
Regulatory Environment
Asset Management
Asset Management Snapshot
Competitive Landscape
Regulatory Environment
Table: Investment Firms Active In Slovakia
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Table: BSSE Composition
Regulatory Environment
Macroeconomic Overview
Economic Analysis
Macroeconomic Forecasts
Table: Macroeconomic Indicators (Slovakia 2016-2026)
Household Income Forecasts
Table: Household Income Data (Slovakia 2015-2021)
Demographic Forecast
Table: Population Headline Indicators (Slovakia 1990-2025)
Table: Key Population Ratios (Slovakia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Slovakia 1990-2025)
Table: Population By Age Group (Slovakia 1990-2025)
Table: Population By Age Group % (Slovakia 1990-2025)
Industry Forecast Methodology
Sector-Specific Methodology

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