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.

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