Profits Steady at Slovakia's Largest Bank

Profits Steady at Slovakia’s Largest Bank

First half annual profits at Slovak Savings Bank were €90 million, a decrease of only 0.32% based on the same period last year.

Areas of positivity include a rise in the bank’s volume of lending, which increased by €1.1 billion to €8.7 billion, a rise of 14.1%.

Net interest income increased by 2% to €231.7 million and net income from fees and commissions increased by 3.8% to €62.5 million.

Slovak Savings Bank became the country’s largest bank when it was sold into Erste Group in January 2001.

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