Spectator on facebook

Spectator on facebook

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

Jaguar plant in Nitra will be bigger

The carmaker plans to add a new facility and employ more people.

Jaguar Land Rover plant near Nitra is under construction

Government members met at a distance

The session had only one point on its programme: the mandate for the prime minister to meet with the French president.

It’s not easy to be friends with Fico

Will Andrej Danko take the government down with him?

Andrej Danko

Bankers adjust to customers’ habits

More people will be coming to banks for advisory.