Cabinet cold-shoulders failed Devín banka

The cabinet decided at its regular meeting yesterday not to bail out failed financial house Devín banka with public money, reported the daily paper Sme; the bank needs an estimated 3 billion crowns ($63 million) to meet central bank capital adequacy rules, or over 11 billion crowns to cover client deposits.
The central bank put Devín under forced administration August 24 after it was discovered bank owners had attempted to forge documents on risk coverage and a new capital injection.

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