COPENHAGEN (Reuters) – Large banks in Iceland are well-capitalised and strong enough to weather any economic disruption caused by the COVID-19 pandemic, the central bank’s Financial Stability Committee said on Wednesday.
“The banks are quite resilient thanks to a strong capital and liquidity position, which is well above Central Bank requirements,” the central bank said in a report.
The central bank also said it would keep an emergency buffer for banks – known as the countercyclical capital buffer -unchanged for the next nine months.
(Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen; Editing by Gareth Jones)
