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Slovak banking sector is making a profit two months into 2009

Slovakia's banking sector closed the first two months of this year with taxed profit of €69.4 million, the SITA newswire wrote. In the same period last year, taxed profit amounted to Sk3.412 billion, which represents €113.2 million according to the conversion exchange rate.

Slovakia's banking sector closed the first two months of this year with taxed profit of €69.4 million, the SITA newswire wrote. In the same period last year, taxed profit amounted to Sk3.412 billion, which represents €113.2 million according to the conversion exchange rate.

In year-on-year terms, the two-month taxed profit was lower by 38.7 percent. The National Bank of Slovakia (NBS) further reported that net interest income of the sector went up 1.1 percent y-o-y to €243.6 million. On the other hand, net income from fees and commissions dropped 19.1 percent y-o-y to €92.2 million.

The balance sheet total of banks in Slovakia stood at €52.303 billion at the end of February. Receivables from clients amounted to €30.157 billion. Claims from banks made up €6.893 billion. Liabilities towards clients accounted for €35.547 billion, and liabilities towards other banks were at €3.154 billion. Share capital of the banking sector was €1.625 billion. SITA

Compiled by Zuzana Vilikovská from press reports
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