NBS reports loss of Sk1.3 billion

Slovakia's central bank (NBS) on December 12 reported a loss of Sk1.3 billion (€39.2 million) to November 30, 2007.

Slovakia's central bank (NBS) on December 12 reported a loss of Sk1.3 billion (€39.2 million) to November 30, 2007.

"The above figure doesn't account for changes in the valuations of financial assets, property and obligations in foreign currency that affect the NBS's own capital throughout the year. Depreciations in financial assets, property and obligations in foreign currency as of December 31, 2007 will affect the NBS's economic results," said Jana Kováčová of the NBS communications division.

Depreciations to November 30, 2007, lowered the NBS's own capital by Sk22.4 billion. The NBS' losses are largely connected with the value of the Slovak crown – a strengthening crown representing losses and vice-versa. TASR

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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