Spectator on facebook

Spectator on facebook

VÚB: Mid-year profits up 45 percent

THE VÚB group closed the first half of this year with a consolidated net profit of Sk1.9 billion (€48.7 million) according to International Financial Reporting Standards (IFRS), which represents a 45-percent growth year-on-year, SITA news agency wrote.

The group ascribed the net profit growth to an increase in operating revenues, which increased by 12 percent year-on-year to Sk5.3 billion (€136 million). Operating revenues were chiefly comprised of net interest revenues of Sk3.4 billion (€87 million) and net fees and provision of Sk1.2 billion (€31 million).

The total assets increased by 9 percent to Sk217 billion (€5.57 billion).

The group includes the VÚB bank, VÚB Asset Management, VÚB Factoring, VÚB Leasing, VÚB Generali (a pension savings management company), Consumer Finance Holding, and Recovery.

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

Top stories

Austrian natural gas station close to Slovak border exploded Video

The incident, which claimed one fatality and at least 18 injuries, also created an emergency in a Slovak village close to the Austrian border.

The explosion of Austrian natural gas station in Baumgarten, December 12.

Austrian natural gas station close to Slovak border exploded Video

The incident, which claimed one fatality and at least 18 injuries, also created an emergency in a Slovak village close to the Austrian border.

The explosion of Austrian natural gas station in Baumgarten, December 12.

Austrian natural gas station close to Slovak border exploded Video

The incident, which claimed one fatality and at least 18 injuries, also created an emergency in a Slovak village close to the Austrian border.

The explosion of Austrian natural gas station in Baumgarten, December 12.

Blog: Environmental sustainability is the future for sustainability in business

A great example of how you can make a difference by sharing your passion with others: Ivana Maleš, co-founder of the Institute for Circular Economy, describes her journey to a sustainability consultant.

Illustrative stock photo