Spectator on facebook

Spectator on facebook

Profits of Slovak banking sector double in 2010

The profits of Slovakia's banking sector doubled in 2010 from their level in the previous year, with total net profit reaching €504 million as of the end of the year, according to a preliminary report released by the country’s central bank (NBS) on June 23, the TASR newswire reported.Strong improvement in the second half of 2010 had a major impact on the profit level.

The profits of Slovakia's banking sector doubled in 2010 from their level in the previous year, with total net profit reaching €504 million as of the end of the year, according to a preliminary report released by the country’s central bank (NBS) on June 23, the TASR newswire reported.
Strong improvement in the second half of 2010 had a major impact on the profit level.

"The banking sector posted a profit [in the second half of 2010] that was nearly four times higher than in the latter half of 2009," states the report that was discussed by the governemtn cabinet on June 22.

Although 13 banks increased their profits year-on-year, three banks accounted for 85 percent of the overall increase.

"The rise in profits was mainly fuelled by growing revenues from retail operations. Banks benefited from an increased volume of provided loans as well as from the dwindling costs of deposits," states the report.

Source: 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.

Top stories

Daughter to father: I’m going to kill you

Children are often manipulated against their parents while authorities decide about divorces and custody.

Who will stand up for journalists in Turkish prisons?

Journalists living in countries where politicians (for now) do not send people to prison for their opinions, who only sigh in relief that they are lucky this story does not concern them, are deeply mistaken.

Protesters in front of the court building.

Camping in a tree? Try it in Bratislava

A creaking wooden floor and the wind swaying the branches of trees around you. Have you ever wondered how it would feel to spend a night in a tree house?

The tree-house at Kačín

Bratislava’s main railway station is getting a face lift

The derelict station still has to wait for its complete rebuild though.

The main railway station in Bratislava.