kontinuita - Komunálna Poisťovňa

ADDRESS BY THE
CHAIRMAN OF THE
BOARD OF
DIRECTORS
During the first half of the year KONTINUITA poisťovňa,
a. s. Vienna Insurance Group posted good sales results,
however the planned income for the year was not
achieved and we have reported a negative after-tax result
of - 72 061 million Sk.
Main reason for this was the current situation on the
capital markets, which has prevented us from producing
the necessary interest revenues.
Adoption of Euro and Slovakia’s joining the Eurozone
on January 1, 2009, prevailing growth potential of the
Central European region and Vienna Insurance Group’s
ongoing penetration of the insurance markets and
without a doubt also a sales effort and support of all
other company units – this surely are reasons to believe
in positive business results for the year 2009.
On behalf of the Board of Directors, would like to thank
you all for your effort despite the difficult conditions towards
the end of the year. I am convinced that in 2009
we will continue in the dynamic growth that our company
has produced in the past, hence contributing to
the ongoing successful growth of the whole Vienna Insurance
Group.
JUDr. Jozef Csáky
Chairman of the Board of Directors
KONTINUITA ANNUAL REPORT 11