Business Focus

Professionals in LEASING ADVERTORIAL 20 May 2013

Institutions and organisations in the banking and leasing sectors Locked

Ministry of Finance, www.finance.gov.sk 20 May 2013 Compiled by Spectator staff The Slovak Spectator

Ferratum Bank enters Slovakia Focus short Locked

FERRATUM, a microlending institution providing microloans via mobile devices, has entered the Slovak market. Malta-based Ferratum Bank Limited started offering loans to clients in Slovakia on March 19. Customers can request loans via the internet or a short message sent via a mobile, the bank states on its website. 20 May 2013 Compiled by Spectator staff The Slovak Spectator

New €5 banknote goes into circulation Focus short Locked

MARIO Draghi, the president of the European Central Bank, launched into circulation a new €5 banknote in Bratislava in early May. The move followed the first meeting of the ECB’s Governing Council to be held in Slovakia, the SITA newswire reported. 20 May 2013 Compiled by Spectator staff The Slovak Spectator

New leasing firm arrives in Slovakia Focus short Locked

THE NUMBER of leasing companies operating in Slovakia has grown by one with the addition of an affiliate of the Czech firm s Autoleasing in May. The company, which has been operating in the Czech Republic since 2004, entered the Slovak market via a wholly-owned subsidiary called 's Autoleasing SK'. The company is part of the international Erste Group and is offering Slovak clients consumer loans to finance new as well as used passenger and commercial vehicles, the SITA newswire reported, citing the leasing company. 20 May 2013 Compiled by Spectator staff The Slovak Spectator

One bank fails stress tests Focus short Locked

ONE bank operating in Slovakia failed to pass sector-wide financial stress tests conducted in April by the National Bank of Slovakia (NBS). The NBS did not, however, identify the bank, the Sme daily wrote on its website. 20 May 2013 Compiled by Spectator staff The Slovak Spectator

Net profits of Slovak banks fell in 2012 Focus short Locked

THE AGGREGATE after-tax profits of Slovak banks amounted to €480 million in 2012, a fall of 29 percent compared to 2011. The drop was caused in particular by the introduction of a special bank levy and a one-off extraordinary bank levy, together with an increase in credit risk charges and provided guarantees, the National Bank of Slovakia (NBS) announced on April 16, as quoted by the SITA newswire. 20 May 2013 Compiled by Spectator staff The Slovak Spectator

Leasing market sees little growth Introduction of higher registration fees for cars affected the market Locked

THE SLOVAK leasing market, which was hit hard by the economic crisis in 2009, saw little growth in 2012 and is only slowly returning to its pre-crisis level. Expectations for 2013 are not very optimistic, with leasing companies pointing to the heavier burden of income and payroll taxes on business clients as well as the effect of higher registration fees for new cars in Slovakia. 20 May 2013 Jana Liptáková The Slovak Spectator

EU takes steps towards a banking union Slovakia supports creation of a banking union Locked

THE EUROPEAN Union has devised an ambitious plan to create an integrated banking union for Europe, with EU leaders viewing the strengthening of the economic and monetary framework as a remedy for the current financial crisis. Slovakia, as a member of the eurozone, is supporting and participating in this process. 20 May 2013 Jana Liptáková The Slovak Spectator

Proposal to ban foreign bank branches from offering mortgages scrapped Locked

IN THE END branches of foreign banks operating in Slovakia will continue to be allowed to provide mortgages. The Slovak parliament adopted a revision to the Bank Act, nixing the proposed restriction, on May 15. The decision to cancel a proposed ban to prohibit branches of foreign banks from providing mortgage loans was welcomed by the Slovak Banking Association (SBA) as well as UniCredit Bank Slovakia. 20 May 2013 Jana Liptáková The Slovak Spectator

Some IT companies providing outsourcing services in Slovakia -DATALAN, www.datalan.sk-Digmia, www.digmia.sk-EMARK, www.emark.sk-Hewlett-Packard Slovakia, www8.hp.com-IBM Slovensko, www.ibm.com/sk-InterWay, www.interway.sk-JEREMY, www.jrm.sk-SAP Slovensko, www.sap.com/sk-SCR Techniologies, www.scr.sk-Softec, www.softec.sk-Solver IT, www.solver.sk 13 May 2013 Compiled by Spectator staff The Slovak Spectator

Some freight forwarders providing outsourcing services in Slovakia -Gefco Slovakia, www.gefco.sk-Gebrüder Weiss, www.gw-world.sk-Kuehne + Nagel, www.kuehne-nagel.sk-TNT Express, www.tnt.com/express/sk 13 May 2013 Compiled by Spectator staff The Slovak Spectator

Some firms providing services in accounting, tax advisory and payroll -Accace, www.accace.com-BMB Leitner, www.bmbleitner.sk-Deloitte, www.deloitte.sk-Ernst & Young, www.ey.com/sk-KPMG Slovensko, www.kpmg.sk-Mazars, www.mazars.sk-PwC, www.pwc.com/sk 13 May 2013 Compiled by Spectator staff The Slovak Spectator

Outsourcing at marketing agencies Focus short THE MOST common reasons why advertising and marketing agencies outsource are a shortage of time and labour, and because they do not employ specialists for required types of services, the Stratégie magazine wrote in November 2012. 13 May 2013 Compiled by Spectator staff The Slovak Spectator

Gefco extends warehouse capacities Focus short THE SLOVAK arm of Gefco, an international provider of logistics services, has opened a new warehouse in the industrial park in the western-Slovak town of Senec in response to the growing demand for outsourcing of logistics services. With this new space it has added 9,000 square metres to its existing warehouse premises of over 15,000 square metres in Trnava, and 5,800 square metres in Kechnec in eastern Slovakia, from where it provides warehouse logistics for clients in the automotive, fast-moving consumer goods (FMCG) and high-tech industries, the Transport a Logistika magazine wrote last October. 13 May 2013 Compiled by Spectator staff The Slovak Spectator

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