Central bank assures that financial stability will be maintained

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The financial system is ready to deal with the corona crisis. The prudent regulation of financial regulators, largely in line with European regulations, has contributed to the system being able to deal with the shock caused by the Koved-19 pandemic, according to a general assessment from yesterday’s meeting of the Financial Stability Committee of the National Bank.

At the session, as reported today by the National Bank, the measures taken so far to maintain financial stability, as well as the achieved and expected results were analyzed.

Governor Anita Angelovska-Bezoska, who referred to the measures taken by the National Bank, pointed out that the adoption of each of the measures analyzed its impact on each bank separately and the entire banking system in order for the measure to be in support of the Macedonian economy and in order to maintain financial stability.

“The latest stress test shows that both banks separately and the banking system as a whole, since last year, the resistance to shocks has increased. The system is healthy and stable, with high and stable liquidity and solvency,” said Angelovska-Bezoska.

The financial system is ready to deal with the corona crisis. The prudent regulation of financial regulators, largely in line with European regulations, has contributed to the system being able to deal with the shock caused by the Koved-19 pandemic, according to a general assessment from yesterday’s meeting of the Financial Stability Committee of the National Bank.

At the session, as reported today by the National Bank, the measures taken so far to maintain financial stability, as well as the achieved and expected results were analyzed.

Governor Anita Angelovska-Bezoska, who referred to the measures taken by the National Bank, pointed out that the adoption of each of the measures analyzed its impact on each bank separately and the entire banking system in order for the measure to be in support of the Macedonian economy and in order to maintain financial stability.

“The latest stress test shows that both banks separately and the banking system as a whole, since last year, the resistance to shocks has increased. The system is healthy and stable, with high and stable liquidity and solvency,” said Angelovska-Bezoska.

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