ROE of Slovak banks again in double digits
EU bank profits improved in the third quarter of 2021, an EBA report shows. The state pandemic assistance propped up banks and drove down volumes of non-performing loans. The profits stabilized at levels higher than before the pandemic. Slovak banks report a return on equity (ROE) of 10%, well above the EU average of 8%. (trend.sk) In January-November 2021, Slovak banks posted a net profit of €678m, up 60% annually. They no longer pay a banking levy and are reducing reserves against bad loans.