ING Bank Slovakia net profit up by 15% y/y in Jan-Sep.

By bne IntelliNews October 29, 2010
ING Bank's Slovak arm reported a net profit of EUR 3.64mn in Jan-Sept, up by 15% y/y, news agency SITA reported. Net interest income decreased by 9% y/y to EUR 9.1mn, while net income from fees increased by 56.6% y/y to EUR 2.25mn. The reduction of costs also contributed to the increase of operating profit by 8.9% y/y to EUR 4.3mn. The bank's liabilities stood at EUR 584.3mn, 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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