CORPORATE NEWS

Creditanstalt posts 93.2 mn Sk net profit in 1996

Officials for Creditanstalt a.s., the Slovak unit of the Austrian commercial bank Creditanstalt Bankverein, announced on May 21 that the bank posted a 93.2 million Sk net profit in 1996, after losing 70.1 million in 1995.

At the end of 1996, the bank's receivables were 3.1 billion Sk (63 percent annual increase), while its payables were 1.45 billion Sk (34 percent growth). The bank had total operating revenues of 244.8 million Sk, of which interest revenue was 153 million Sk (160 percent annual increase) and commission revenue was 50.3 million Sk (200 percent annual increase). "We consider the results from the second year [1996] of Creditanstalt's operations in Bratislava as excellent," company spokeswoman Svetlana Lišková said.

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