Slovak banks are stable and healthy, Director of Deloitte Slovensko's consulting department Ivan Lužica said at a press conference on Tuesday, April 20.
"Scenarios of how Slovak banks would experience an outward flow of capital during the global crisis and experience problems because they are owned by international mother companies, haven't come true," said Lužica, as quoted by the TASR newswire.
However, this doesn't mean that banks are only generating profits and have no loss-making projects. The rate of success with respect to bank projects in Slovakia is "appropriate", according to Lužica. "The banking sector per se is stable," he added, saying that the banks are rebounding from the crisis. "Banks are offering new products already – financing of projects or credits," he said. Banks, he said, can afford to come up with new products and services by virtue of the fact that they resorted to hard, restrictive measures at the onset of the crisis.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
21. Apr 2010 at 10:00