Awards for Excellence 2008: Slovakia
Tatra banka continues to gain market share in Slovakia, achieving 15.4% in 2007, up from 14.8% and 13.1% in 2006 and 2005 respectively. Total assets and net income both grew by 39% in 2007, driven in particular by strong growth in retail banking. For example, mortgage and home equity lending volumes rose by 100% last year. The bank’s increased focus on small-business lending also paid dividends, with loans to the sector growing by 300%. Tatra banka also scored a notable success in the asset management field, with the bank leveraging its 128-strong branch network to boost net deposits into its mutual funds by more than 200%, with overall assets rising by 44.7%.