04/14/2021 | News release | Distributed by Public on 04/14/2021 02:39
14 April 2021
The three large commercial banks' capital and liquidity are strong, and they have ready access to liquidity in both krónur and foreign currencies. As a consequence, they have the resilience needed to address the repercussions of the pandemic.
The FSN considers it appropriate to continue monitoring the real estate market and credit growth, as it is important that supply and demand be in balance. In the current interest environment, it is vital that both lenders and borrowers be aware that debt service on non-indexed loans could change substantially.
The Financial Stability Committee is prepared to use every tool at its disposal to safeguard financial stability in Iceland.
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