Strengthening its position among the top three banks in Slovakia, Tatra managed a 27.5% increase in net profits to Kcs3bn (€100m) on the back of improved productivity, with cost-income ratio lowered significantly to 54.9% and RoE boosted to a healthy 29.0%. Total assets rose 13.3% and Tier 1 capital was up 10.2%.
In the dynamic retail market, Tatra moved to second place in new loans in 2006 with a 28.8% expansion of loans to Kcs104.4bn. Meanwhile, deposits grew 20% to Kcs159.5bn, the bank’s market share in mutual funds increased from 26% to 33% and in credit cards from 46.1% to 47.3%, maintaining its position as market leader in credit cards. It is also leader in payment cards with 1.2 million issued and a 27% share of the market.
In the corporate sector, Tatra retained a stable market share in corporate loans (18.2%) and deposits (26.4%), and increased the volume of receivables financed by factoring products by 52% thereby becoming the third largest player in the sector. While expanding its overall loan portfolio in 2006, the bank also reduced its NPL ratio by more than half to a relatively low 1.18%.
“Tatra banka is delighted to have been awarded the title of Bank of the Year 2007, affirming our position as one of the leading local banks,” says CEO Igor Vida. “Tatra banka has a number of technological and service-related achievements to its credit. Our aim is to give clients the assurance that they will receive the best, fastest and most advantageous financing and services under one roof.
“Tatra banka won this prestigious award for the fourth time due to its profitability, local growth and the success of its innovations.”
