SLSP profit falls in 1Q02

The Slovenská Sporiteľňa bank, Slovakia’s largest retail banking house, recorded a net profit of Sk338 million ($7.1 million - IAS) in the first quarter of 2002, half the figure achieved in the same period last year. Bank officials blamed the drop on higher payments to the Deposit Protection Fund that protects bank clients from bank crashes.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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