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14.11.2002 Main indicators

• Slovenská sporiteľňa has maintained its strong position of the major retail bank in Slovakia with total assets/liabilities of SKK 215.3 billion, an increase by 14 % (SKK (26.5 billion) compared to the same period last year.
  
  
• Receivables from customers(net) amounted to SKK 29.3 billion, an increase by 36 % compared to the same period last year when the volume totalled SKK 21.5 billion.
  
  
• Client deposits as of 30 September 2002 reached SKK 183.4 billion, i.e. y/y increase by 13% (SKK 21 billion).
  
  
• Net interest income increase by 19% on prior year and currently represents SKK 5.1 billion.
  
  
• Operating profit of the bank as of 30 September 2002 represents SKK 2.5 billion, i.e. a 47 % increase compared to the same period last year when the amount totalled SKK 1.7 billion.

Total assets/liabilities as of 30 September 2002 represent SKK 215.3 billion, i.e. y/y increase by 14 %. The development in total assets/liabilities was influenced mainly by an increase in primary resources and a loan granted by NBS to finance treasury bills REPO transactions.

After the restructuring of the loan portfolio, the (gross) volume of receivables due from clients increased by SKK 6.8 billion to SKK 35.3 billion in 2002. Loans granted to legal entities show a y/y increase of 41% to SKK 24.1 billion, i.e. they form 68% of the total loan portfolio of the bank. The most popular product among customers are mortgage loans with y/y increase by 176% to SKK 2.3 billion.

Client deposits - y/y increase by SKK 21 billion, i.e. by 13% in comparison with the same period in 2001. Total deposits as of 30 September 2002 reached SKK 183.4 billion. When compared with the same period last year, the deposits of natural persons increased by SKK 6.7 billion; major increase by SKK 5.1 billion (to SKK 43.9 billion) was recorded in term capital passbooks.

Net profit of SLSP in accordance with IAS as of 30 September 2002 represents SKK 0.864 billion. Operating profit increased by 47% to SKK 2.5 billion. The net profit figure was affected by the increase in other operating costs. Of other operating profit 94% represent payments made to Deposit Protection Fund in the amount of SKK 739,046 thousands.

Net interest income for the first nine months of 2002 represent SKK 5.1 billion, i.e. y/y increase by 19%. This increase is connected to an effective interest rate management and higher total assets/liabilities.

Net income from fees and commissions reached SKK 1.3 billion, i.e. y/y increase by 30%. This increase was influenced by an increase in the number of transactions and an appropriate fee policy.

Capital adequacy indicator was 26.2% (24.6% in the same period last year), i.e. there is an y/y increase of 1.8 of percentage point.

Slovenská sporiteľňa has maintained its position in the number of transactions via ATM and POS terminal. The SLSP share of transactions in ZBK network was 46.4% as of 30 September. The share of SLSP in the volume of transaction performed within ZBK is 44.3%. The SLSP share in POS transactions in terms of number of transactions and volume of transactions is 19.78% and 23.12%, respectively.

E-banking (Sporo 24) becomes more and more popular. As of 30 September 2002, telebanking (internetbankng, telephonebanking, SMS banking, mobilebanking, mailbanking) was used by 114,000 clients, prevailingly natural persons (80,000 in the same period last year), i.e. y/y increase is 43%. The number of telebanking transactions as of 30 September 2002 reached 550 000, i.e. increase by 189% in comparison with the same period last year. The volume of transactions increased to SKK 3.9 billion, i.e. by 118% in comparison to the same period in 2001.

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