Spectator on facebook

Spectator on facebook

VÚB bank still a risk, says Standard & Poor's

According to Standard & Poor's rating agency, Všeobecná úverová banka (VÚB) is still a vulnerable institution despite the fact that many bad loans have been carved out of the finance house. The agency said that the number of classified loans in VÚB's overall loan portfolio was still around 20%.

The state, as part of a 100 billion crown clean-up of the banking sector took 66 billion crowns of bad loans out of VÚB prior to its privatisation. In Mid-June the bank was privatised by Italian finance house IntesaBci.

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.

Safari under High Tatras Video

Marek Stolarčík from Kežmarok filmed unique video.

Illustration stock photo

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.