Bank's Cost to Income Ratio for Slovakia
DDEI07SKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.45
Year-over-Year Change
-18.69%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank's Cost to Income Ratio for Slovakia measures the operating efficiency of banks in the country. It is an important indicator for monitoring the financial health and competitiveness of the Slovak banking sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Bank's Cost to Income Ratio is a financial metric that calculates a bank's operating costs as a percentage of its operating income. It provides insight into a bank's efficiency and profitability, with lower ratios indicating stronger operational performance.
Methodology
This data is collected and calculated by the World Bank using financial reporting from banks operating in Slovakia.
Historical Context
Policymakers and analysts monitor this ratio to assess the competitive dynamics and soundness of the Slovak banking industry.
Key Facts
- The average Bank's Cost to Income Ratio for Slovakia was 59.3% in 2020.
- A lower ratio indicates greater operational efficiency for banks.
- Monitoring this metric helps assess the financial health of the Slovak banking system.
FAQs
Q: What does this economic trend measure?
A: The Bank's Cost to Income Ratio for Slovakia measures the operating efficiency of banks in the country by calculating their operating costs as a percentage of operating income.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insight into the financial health and competitiveness of the Slovak banking sector, which is crucial information for policymakers, investors, and economists analyzing the country's financial system.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates this data using financial reporting from banks operating in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Bank's Cost to Income Ratio to assess the efficiency and soundness of the Slovak banking industry, which informs financial sector policies and regulations.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may be subject to revisions or limitations in bank reporting.
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 15 Years or over for Slovak Republic
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Infra-Annual Labor Statistics: Employment Male: 15 Years or over for Slovak Republic
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Citation
U.S. Federal Reserve, Bank's Cost to Income Ratio for Slovakia (DDEI07SKA156NWDB), retrieved from FRED.