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Devín Banka posts 50% profit rise

Devín Banka said that according to preliminary figures its 1997 net profit increased by 50 percent year-on-year to 116.8 million crowns, the SITA news agency quoted Devín Banka's deputy general director as saying.

Gross profits totaled 229.7 million crowns and the bank's revenues grew by 80 percent to 1.8 billion Sk. Creation of reserves and provisions for classified loans represented 36 percent of total revenues and total assets rose by 72 percent to around 3.4 billion crowns.

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