State on hook for Priemyselná banka mistake

A mistake made by the central bank during the imposition of forced administration on failed bank Priemyselná banka in 1999 means the state will have to compensate former shareholders for any damages courts award in the case, a Košice court ruled yesterday.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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