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BANKING & FINANCE NOTES

Banks release 1H97 figures

Several banks have released figures from their performance in the first-half of 1997.

Hypo-Bank Slovakia Inc. Bratislava increased its total assets to 2.673 billion Sk at the end of June, with total client deposits standing at 705.8 million Sk, and extended loans worth 95.7 million Sk. This fall, the bank plans to issue deposit certificates worth 1 billion Sk and to extend its services to include Mastercard/Eurocard credit cards.

Československá Banka (ČSOB) Inc. Bratislava extended loans worth 26.87 billion Sk in Slovakia as of the end of June. Out of the total, 78.5 percent of loans were in Slovak crowns, with the rest in foreign currencies. Bad and doubtful loans comprise 19.4 percent of all loans. ČSOB's total assets totalled 48.22 billion Sk at the end of June.

Dopravná Banka Inc. Banská Bystrica, a commercial bank, had a gross income of 9.1 million Sk in the first half of 1997. Its accumulated losses since it began operations at the end of 1996 is 336 million Sk, which makes up 42 percent of its registered capital of 800 million Sk. Last year, Dopravná Banka lost 150 million Sk, mainly due to the purchases of the Slovak branches of the Czech banks Ekoagrobanka and COOP Banka in the second half of 1996, which had many doubtful loans.

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