Spectator on facebook

Spectator on facebook

The Banka Slovakia sale so far

June 2000: Finance Ministry announces its plan to privatise 60% of Banka Slovakia.
February 2001: A consortium of Česká Pojišťovna (CP) and Slovak firm Hanco withdraws from talks with the government privatisation agency FNM on the purchase of a 60.07% stake in Banka Slovakia.
CP says the withdrawal comes after a failure to reach agreement on individual terms of a contract, the main problem being the state's unwillingness to agree to CP's plan to take on just the bank's liabilities and assets and not look after the bank's future.

June 2000: Finance Ministry announces its plan to privatise 60% of Banka Slovakia.

February 2001: A consortium of Česká Pojišťovna (CP) and Slovak firm Hanco withdraws from talks with the government privatisation agency FNM on the purchase of a 60.07% stake in Banka Slovakia.

CP says the withdrawal comes after a failure to reach agreement on individual terms of a contract, the main problem being the state's unwillingness to agree to CP's plan to take on just the bank's liabilities and assets and not look after the bank's future.
"We wanted a banking licence and not Banka Slovakia," the firm says in a statement.

February 20 2001: FNM declares tender for the bank's privatisation unsuccessful.

March 2001: Banka Slovakia says it will add to its six branches in Slovakia - Banská Bystrica, Bratislava, Brezno, Trenčín, Nitra and Komárno - by opening more branches in eastern Slovakia, as well as a second branch in Bratislava.

May 7 2001: FNM publishes new advertisement for sale of 60.07% stake in Banka Slovakia. It offers 454,674 shares at a par value of 1,000 crowns.

May 9 2001: Banka Slovakia announces a first quarter profit of 8.7 million crowns. It closed 2000 with a net profit of 26.85 million crowns, a year-on-year improvement of 62%.

May 30 2001: J&T Finance Group, Slávia Capital and 1. Paroplavebná stock brokers identified as three potential bidders in second tender for the bank.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).