BUSINESS BRIEFS

Banks end Q1 with Sk3 billion profit

THE PROFIT of commercial banks in Slovakia in the first quarter of 2004 was down Sk491 million (€12.1 million) from the previous year, reaching Sk3 billion (74 million).

The state-run news agency TASR reported that the assets of the sector reached Sk999.9 billion (€24.7 billion), according to the Slovak central bank.

Standard loans reached Sk256.8 billion (€6.3 billion) and client deposits reached Sk63.7 billion (€1.6 billion).

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