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Dopad květnových turbulencí roku 1997 na hospodaření bank v ČR
[Impact of may turbulences in 1997 on profit and loss of banks in the Czech republic]

Author

Listed:
  • Josef Jílek
  • Jiřina Jílková

Abstract

Currency turbulences in May 1997 had positive impact on profit of the Czech banking sector. The profit of the banking sector increased for additional CZK 1190 million in May 1997 and for additional CZK 1135 million in June (without the bank with special treatment). On the other hand impact on corporates and households was negative in the same magnitude. During May (and June) 33 banks (from 51 banks) showed additional profit. Foreign banks and branches of foreign banks reported the biggest additional profit of CZK 1488 million even if their share on the assets of the banking sector was 22.31 % (at the end of 1997). The group of large banks realised additional profit of CZK 568 million but its share on the market was 65.64 %. Building societies reported additional profit of CZK 246 million and special banks CZK 100 million. Small banks with Czech participation realized additional loss of CZK 77 million and the banks with special treatment additional loss of CZK 411 million.

Suggested Citation

  • Josef Jílek & Jiřina Jílková, 1999. "Dopad květnových turbulencí roku 1997 na hospodaření bank v ČR [Impact of may turbulences in 1997 on profit and loss of banks in the Czech republic]," Politická ekonomie, Prague University of Economics and Business, vol. 1999(3).
    • Handle: RePEc:prg:jnlpol:v:1999:y:1999:i:3:id:39
    DOI: 10.18267/j.polek.39
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