Spectator on facebook

Spectator on facebook

FOCUS SHORT

Central bank reports loss of €76.7m

THE NATIONAL Bank of Slovakia (NBS) reported a loss of €76.7 million in 2011. However, this was an improvement over 2010 when the bank had a net loss of €515.2 million.

THE NATIONAL Bank of Slovakia (NBS) reported a loss of €76.7 million in 2011. However, this was an improvement over 2010 when the bank had a net loss of €515.2 million.

The central bank’s poor results were influenced by a drop in the market prices of financial instruments, the SITA newswire wrote. This caused losses of €462 million in 2011 compared to losses of €673.5 million recorded in 2010.

The bank attributed the drop in market prices to the crisis situation in European financial markets, SITA reported in mid March.

Topic: Finances and Advisory


Top stories

Strike at Volkswagen could prompt others Photo

The recent strike at the biggest carmaker in Slovakia may serve as a lesson for some, trade unionists in other companies agree.

Fico complains about unfair football rules Photo

But he has been silent about other scandals connected with football players.

l-r: Adam Zreľák, Robert Fico, Robert Kaliňák and Pavel Hapal

Animals will no longer be “things”

New rules to prevent the torture of animals to come into effect in early 2018.

Illustrative stock photo

CSR reports should not hide failures

What standards should a good CSR report uphold?

Companies will report on the supported projects.