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.

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