CORPORATE NEWS

ČSOB loses 75 million Sk 1H'97

The Slovak branch of Československá Obchodná Banka (ČSOB) Inc. Bratislava suffered a loss of 75 million Sk., including a 6.9 percent decline in its total assets to 48.22 billion Sk in the first half of this year. Despite the drop, the bank's total assets grew 30.9 percent when compared with the end of June 1996, thanks to the bank's increased activity on the interbank market.

In the first half of 1997, the volume of loans ČSOB provided to non-banking clients increased 2.5 percent to 25.838 billion Sk, and the volume of clients' deposits declined 0.6 percent to 15.916 billion Sk. At the end of June, the bank had a 3.86 percent share of all loans provided in Slovakia. Its main clientele is large and mid-sized companies.

Get daily Slovak news directly to your inbox

Top stories

Illustrative stock photo

More aggressive COVID strain probably dominant in Slovakia. It is not necessarily bad news

Virologists report they have found that the B.1.1.7 strain, first detected in the UK, is dominant in the samples from Trenčín.

17 h
Illustrative stock photo

News digest: Slovakia will receive more than 4 million vaccines

Schools will continue with distance education. Curfew will be applied on January 25 and 26 too.

17 h
Gabriel Šípoš

I receive more hate mail than I used to, says outgoing transparency watchdog director

Gabriel Šípoš leaves Transparency International Slovakia after 11 years. Slovakia has gone a long way in transparency, he says.

19 h