Slovak Banking Sector in Terms of the Financial Crisis

The article deals with theoretical aspects of the financial crisis. It identifies the fundamental causes of the global economic crisis, its characteristics, and impact in the Slovakia. The crisis revealed serious deficiencies in supervision of financial institutions. The establishment and maintenance of a stable and reliable financial system is essential to maintaining confidence in the banking sector. On the basis of the initial state of the Slovak banking sector - through the analysis of quantitative and qualitative indicators since the year 2005 - we will assess the impact of the economic crisis on our banking sector. We will point out the inherent risks in the development of our banking sector and identify measures to minimize them.