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ECONOMIC BRIEFS

Five banks fail to meet capital adequacy targets

At the end of September 1998, five Slovak commercial banks failed to meet the 8% limit for capital adequacy set by the central bank. At the end of 1997, four banks did not meet the limit. On aggregate, the capital adequacy of banks in Slovakia went down 0.9% from December 1997 to 9.12%. The National Bank of Slovakia (NBS) released these data in its Q1-Q3 Monetary Report on December 16.

At the end of September, 25 banks, two branches of foreign banks, and nine representations of foreign banks operated in Slovakia.

Top stories

No Slovaks among the victims of Manchester attack so far

The representatives of Slovakia have expressed their sympathy to the families of the victims.

Police guard close to the Manchester Arena in Manchester, Britain, on May 23, 2017, a day after an explosion.

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.

Lajčák gives two versions of the Evka story

The Foreign Ministry gives opposing statements about suspicious procurement related to the Slovak Presidency over the EU Council.

Government of PM Robert Fico (left) endorses Lajčák as its official candidate.

Napoleon’s oak planted in Bratislava's Tyršovo Embankment Photo

An oak of Napoleonic legend was replanted, part of a commemoration spanning several days.

Planting "Naopoleon's oak" on May 20, 2017.