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Slovak central bank posts loss of €1.23 billion for 2008

The National Bank of Slovakia (NBS), the country’s central bank, posted a loss of €1.23 billion in 2008, it announced on Tuesday, March 17.

The National Bank of Slovakia (NBS), the country’s central bank, posted a loss of €1.23 billion in 2008, it announced on Tuesday, March 17.

The NBS has decided that the loss will be amortised from future profits, and from NBS’ own resources, NBS spokesperson Jana Kováčová told the TASR newswire.

At its session on Tuesday, the NBS bank board approved the central bank’s accounts as of December 31, 2008, and considered the report of an independent audit carried out by PricewaterhouseCoopers Slovensko. “The audit was carried out in accordance with International Standards on Auditing and in the report the auditor expressed its opinion that the closing of books expresses impartially - in all important connections - the financial situation of NBS as at December 31, 2008,” said Kováčová.

A report on the performance of NBS management for 2008, and the independent auditor’s report, will now be submitted to the parliament along with the final accounts. TASR

Compiled by Zuzana Vilikovská from press reports
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