Moody’s keeps Czech banking system stable

Moody's Investors Service said it maintained its stable outlook on the Czech Republic’s banking system, reflecting the expectation that moderate economic growth and improving employment levels in the country will support bank loan quality.

The outlook expresses the agency’s expectation of how bank creditworthiness will evolve in the Czech Republic over the next 12 to 18 months.

"We expect Czech banks' nonperforming loans to remain at about 5.8% of total loans over the next 12-18 months – one of the lowest levels in Central and Eastern Europe – amid moderate GDP growth and rising employment," Moody’s assistant vice president Arif Bekiroglu said in a news release.

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