ING Bank Slovakia net profit down by 29.9% y/y in H1.

By bne IntelliNews August 9, 2010
The ING Bank branch in Slovakia reported a net profit of EUR 1.8mn in H1, down by 29.9% y/y. The financial result reflected the negative development of net interest income, which shrank by 20.5% y/y to EUR 5.7mn and the decrease of trading revenues by 41.7% y/y to EUR 1.4mn. However, the net income from fees increased by 38.2% y/y to EUR 1.3mn. The balance sheet total stood at EUR 975.4mn with liabilities of EUR 654.5mn, most of them current accounts. The branch is engaged mainly in trading in securities and investment banking services provided to companies in the automobile industry, retail and industrial manufacturing.

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