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.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss