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

Ombudswoman: I need to point out human rights violations Photo

Mária Patakyová explains her support for the recent Rainbow Pride in Bratislava, following the criticism of a junior coalition partner.

Ombudswoman Mária Patakyová

Jaguar plant in Nitra will be bigger

The carmaker plans to add a new facility and employ more people.

Jaguar Land Rover plant near Nitra is under construction

Government members met at a distance

The session had only one point on its programme: the mandate for the prime minister to meet with the French president.

It’s not easy to be friends with Fico

Will Andrej Danko take the government down with him?

Andrej Danko