FOCUS SHORT

Banks add more private clients

SLOVAK banks reported an increase in the number of their private banking clients over the last year and at the same time said the amount of funds held on deposit by these customers grew significantly.

SLOVAK banks reported an increase in the number of their private banking clients over the last year and at the same time said the amount of funds held on deposit by these customers grew significantly.

Tatra Banka reported a 38-percent year-on-year jump in the number of its private clients to over 3,100, the SITA newswire wrote in late May.

VÚB Banka told SITA that it had 18-percent growth in the number of its private clients while Privatbanka said its client base almost tripled.

The largest bank in Slovakia, Slovenská Sporiteľňa, reported that it has had a stable number of private clients for a long time.

The banks also reported significant increases in the volume of assets they manage on behalf of private clients.

Tatra Banka’s private clients’ assets rose 34 percent year-on-year to more than €1.5 billion.

VÚB Banka reported year-on-year growth of nearly 20 percent.

Privatbanka posted an 80-percent increase in the assets of private clients under its management, year-on-year, and reported that it had achieved an average 6-percent return on those assets.

J&T Banka, an arm of a foreign bank based in Bratislava that specialises in private banking, managed over €400 million in assets on behalf of private clients, an increase of over 30 percent in annual terms, SITA wrote.


Get daily Slovak news directly to your inbox

Theme: Finances and Advisory

Read more articles by the topic

Top stories

News digest: Slovakia opens more testing sites

Slovaks smoke less than 10 years ago. Former tennis player who skipped the vaccination line helped at a hospital.

Journalists' dilemma over the case of the charged Jaroslav Haščák

Investigative reporter Adam Valček writes about what he learned during the Kuciak murder trial and how it applies in the case of the charged co-founder of Penta.

Jaroslav Haščák

Drop in car production lower than expected

Carmakers manufactured 11 percent less cars than in 2019.

Carmakers in Slovakia also produce electric battery and hybrid car models.