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NBS posts loss of Sk1.5 billion as of June 30

As of June 30 the Slovak central bank (NBS) posted a loss of Sk1.5 billion (€50 million), NBS spokesperson Jana Kováčová told the TASR newswire on July 14.

As of June 30 the Slovak central bank (NBS) posted a loss of Sk1.5 billion (€50 million), NBS spokesperson Jana Kováčová told the TASR newswire on July 14.

However, the differences stemming from the evaluation of financial property and property and liabilities in foreign currencies that influence the NBS' equity throughout the year are not included in this economic result.

As of the end of June, these differences amounted to Sk50.6 billion (€1.7 billion). These losses will influence the economic result of the NBS throughout the rest of this year. Generally, the NBS loses money when the crown is appreciating and vice-versa. TASR

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

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