The Slovak banking sector reported its best results in five years in the first nine months of 2016. Net profits jumped 6.4 percent y-o-y to €560.64m, according to data published by the Slovak central bank. Growth was driven by a number of unique transactions, like the sale of Visa Europe, a deal which netted Slovak banks €100m. The Slovak National Bank (NBS) also said that the country’s GDP is expected to increase by 3.4 percent this year, according to data compiled in a survey with bank analysts in October. Analysts also pushed growth expectations for 2017 up by 0.1 basic point to 3.1 percent.
