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20.8.2003 According to international accounting standards, as at June 30, 2003, Slovenská sporiteľňa saw a threefold increase of its profit to SKK 1,407 million compared with the same period of the previous year.

"The Bank's profitability exceeded by more than 200 % against the budget, dynamics of lending and increased quality of services are an evidence of the met bank's ambitions and its stabile position in the banking market" says Štefan Máj, the Deputy Chairman of the Board of Directors and First Deputy General Manager of Slovenská sporiteľňa.

SELECTED KEY INDICATORS OF THE RESULTS REACHED BY THE BANK AS AT JUNE 30, 2003
Consolidated unaudited results of Slovenská sporiteľňa as at June 30 according to International Financial Reporting Standards (IFRS). Comparison with the results reached as at June 30, 2002.

• Profit after tax went up from SKK 468 million to SKK 1, 407 million, an increase by 201% .
• Operating profit of the bank reached SKK 3, 356 million, an increase from SKK 1, 831 million by 83%.
• Net interest income rose from SKK 3, 415 million to SKK 5, 197 million, an increase by 52%.
• Net fees and commissions income saw 20% increase from SKK 813 million to SKK 974 million.
• Slight decrease by 1% in total assets/liabilities from SKK 203.8 billion to SKK 201.4 billion.
• Gross customer loans saw 21% increase reaching SKK 41.9 billion, an increase in volume by SKK 7.2 billion.
• Customer deposits rose by 1% from SKK 172.6 billion to SKK 174.6 billion.
• As at June 30, 2003, Return on Equity (ROE) reached 20.74% thus confirming the year-on- year increase of the bank's result.
• Return on Assets (ROA) rose from 0.47% to 1.37%.
• Capital Adequacy reached 26.8% compared with 28.2% in 2002.
• Number of telebanking customers rose to 145,430, an increase by 35% compared with the same period of 2002 when the number of telebanking customers accounted for 107,560.
• Number of homebanking customers went up from 2,306 as at June 30, 2002 to 2,628, an increase 14%.
• Number of ATMs reached 435, an increase by 5% against 415 as per end of June 2002.
• As at June 30, 2003, the number of bank's points of sales dropped to 339 from 396 in the same period of the previous year as the result of ongoing business network optimisation.

KEY FACTORS THAT INFLUENCED THE RESULTS
Net operating profit of the bank went up by 83 %, reaching SKK 3, 356 million. This growth was mainly effected by net interest income, that for the given period increased by SKK 1, 782 million to SKK 5, 197 million. Thanks to lending dynamics and sound interest policy Slovenská sporiteľňa successfully copes with falling interest rates in Slovak inter-bank market. Net interest income includes consolidated equity interest in Prvá stavebná sporiteľňa, which as per end of June 2003 saw a year-on-year increase of SKK 934 million to SKK 1,201 million. Positive effect of PSS equity interest consolidation is expected also in the 2nd half of 2003.

Operating profit of the bank also includes the net fees and commissions income, that for the given period reached SKK 974 million, an increase by 20 %. Key contribution to this success can be attributed to increased number and volume of transactions on clients's accounts and in bank cards area, as well as positive development trends reported in lending area. In the first half of 2003, customer deposits rose by SKK 2.0 billion finally reaching SKK 175 billion. Thus the total share of customer deposits on entire Slovak banking sector deposits reached 26.2%. In terms of deposits by private individuals the bank saw an increase of deposits on giro accounts and the term passbooks. Deposits made by legal entites accounted for SKK 30.0 billion, a year-on-year increase by 64%.

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