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Finance houses close doors unexpectedly

Two non-licensed financial institutions – BMG Invest and Horizont – which have amassed billions of crowns in client deposits, were shut yesterday for what they claimed were internal audits, causing fear among depositors that the firms were having financial problems. The deposits are not guaranteed by the state, unlike deposits at licensed banks.

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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