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NBS's loss reaches Sk1.1 billion

The Slovak central bank (NBS) posted a loss of Sk1.1 billion (€33.4 million) as of the end of September, reads a current balance account and report on NBS financial management that was approved by the NBS Bank Board, NBS spokesperson Jana Kováčová said on November 13.

Differences from appreciation of financial property and properties and obligations in foreign currencies, which influence the NBS's own assets during the course of year, are not included in the above stated economic result.

The losses from appreciation to the end of September reduced the NBS's own assets by Sk12.9 billion. Much of NBS's financial situation is determined by the strength of the Slovak crown, with a strong meaning losses. 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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