SLOVAK banks under foreign ownership are improving the financial situation of their parent companies, according to bank analysts. Most of all the foreign owners are pleased with the revenues from differences in interest rates for savers and borrowers, and from bank charges.
Slovaks have an average personal debt of Sk1,500 (€36) compared with the EU average of Sk25,000 (€600), so banks see room for further growth.
30. Jun 2003 at 0:00 | From press reports