April 4, 2019 / 10:46 AM / 2 months ago

WOW Air collapse will cause some losses for Iceland's banks -c.bank

COPENHAGEN, April 4 (Reuters) - The collapse of Iceland’s budget airline WOW Air last month will cause some losses in the banking system but the direct impact on the country’s systemically important lenders will be limited, the central bank said in a Financial Stability report on Thursday.

“The shocks that have struck recently are highly unlikely under current conditions to jeopardise the stability of the financial system,” it said.

Reporting by Teis Jensen; Editing by Kirsten Donovan

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