Raiffeisen Bank coming to Slovakia as franchise

Austrian group Raiffeisen Bank International (RBI) is planning to open its first Raiffeisen Bank branches in Slovakia next month and increase their number to 10 by the end of the year. According to RBI representatives, the bank's activities will be directed exclusively toward retail banking, as their ambition is to become “a family bank”.

Austrian group Raiffeisen Bank International (RBI) is planning to open its first Raiffeisen Bank branches in Slovakia next month and increase their number to 10 by the end of the year. According to RBI representatives, the bank's activities will be directed exclusively toward retail banking, as their ambition is to become “a family bank”.

"After 20 years of business activities in Slovakia, we're for the first time opening a branch under our Raiffeisen Bank brand. Our aim is to attract new groups of clients in this way," said Karl Sevelda, vice-chair of the RBI board of directors. The new chain will become the third in Slovakia within the RBI group - joining (the third strongest player on the Slovak banking market) Tatra Banka, operating here since 1991 and ZUNO, which arrived at the end of 2010 and specialises in internet banking. Raiffeisen will be the first bank in Slovakia to use a franchise model, which it views as an opportunity to accelerate its expansion while keeping operating costs at the lowest level possible.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Gabčíkovo hydro-power plant

Italian Enel wants millions in compensation from Slovakia

SLOVENSKÉ Elektrárne (SE) electric power company is claiming more than €588 million as compensation for losing the rental and operation of Gabčíkovo hydroelectric power plant. 

Prime Minister Robert Fico

Fico speech lauds successes, launches 2016 campaign

IN AN April 13 speech, Prime Minister Robert Fico evaluated the achievements of his government during three years in office in a display analysts consider as the launch of campaigning for next year’s general…

František Borbély

Borbély was wrong

GANGSTER’S confidence that image would shield him from reality suggests disturbing truths about the Slovak justice system.

Marián Moravčík, CEO of Váhostav-SK

Váhostav-SK threatens with bankruptcy proceeding if restructuring suspended

THE SLOVAK government will attempt to interrupt the ongoing restructuring of the Váhostav-SK construction company which should be concluded on April 30, Prime Minister Robert Fico announced after a working meeting…