Banks posted a 45% growth in net profit to record €1.2bn
Banks in Slovakia posted a 45% growth in net profit to a record €1.2bn in 2023, NBS reported. Their net interest income rose 27% to €2.2bn thanks to a rapid rise in credit rates. The growth was mainly driven by corporate loans, which tend to have variable rates; as for mortgages, many clients are still waiting for a rate hike. Banks will pay €335m in a standard income tax for last year, plus €470m in a 30% special tax on gross profits. Banks point out that their profitability, namely return on assets, is the 4th-lowest in the EU.
