Spectator on facebook

Spectator on facebook

FOCUS SHORT

Net profits of Slovak banks fell in 2012

THE AGGREGATE after-tax profits of Slovak banks amounted to €480 million in 2012, a fall of 29 percent compared to 2011. The drop was caused in particular by the introduction of a special bank levy and a one-off extraordinary bank levy, together with an increase in credit risk charges and provided guarantees, the National Bank of Slovakia (NBS) announced on April 16, as quoted by the SITA newswire.

THE AGGREGATE after-tax profits of Slovak banks amounted to €480 million in 2012, a fall of 29 percent compared to 2011. The drop was caused in particular by the introduction of a special bank levy and a one-off extraordinary bank levy, together with an increase in credit risk charges and provided guarantees, the National Bank of Slovakia (NBS) announced on April 16, as quoted by the SITA newswire.

Slovak banks in total paid €170 million in the form of bank levies, representing 35 percent of their overall reported profits.

“An ongoing drop in the interest rate margins also influenced the banks negatively,” the Slovak central bank reported in its Slovak Financial Sector Analysis for 2012.

The profitability of the commercial credit portfolio fell, reflecting falling interest rates and tougher competition.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Finances and Advisory


Top stories

Biker gang complex in Dolná Krupá raises questions

What does the Russian bikers’ gang Night Wolves do in the Slovak village of Dolná Krupá?

The complex in Dolná Krupá

Here is how I measure the speed of integration

Babiš proposes to end war, poverty and religious extremism with a snap of our fingers. Why hasn’t anybody else thought of this?

Andrej Babiš, Czech prime minister

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach