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Slovakia not adversely affected by global economy yet

Negative trends in the global economy have not yet had a significant impact on the Slovak financial sector, according to an Analysis of the Slovak Financial Sector for the first half of 2011 released by Slovakia’s central bank, the National Bank of Slovakia (NBS), on Wednesday, October 5.

Negative trends in the global economy have not yet had a significant impact on the Slovak financial sector, according to an Analysis of the Slovak Financial Sector for the first half of 2011 released by Slovakia’s central bank, the National Bank of Slovakia (NBS), on Wednesday, October 5.

"Most sectors recorded a growth in the volume of their assets. Profitability was rising and in some areas it even came close to, or surpassed, the pre-crisis level," stated the document, as quoted by the TASR newswire. The main reason for the results, the report said, was the focus of Slovak financiers on the domestic economy, as well as the fact that positive news of Slovakia's economic growth was still prevalent in the first half of 2011.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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