Spectator on facebook

Spectator on facebook


Ľudová Banka has new owner

One of the medium-sized banks in Slovakia, Ľudová Banka, a.s., Bratislava, has a new majority owner. It is the Vienna-based company VBB-International Holding GmbH, which acquired 28.93% of common stock and 37.21% of preferred shares through a public pledge it announced last week.

According to a December 15 statement from the central securities registrar, the Austrian company became the owner of 59.86% of common stock and 83.36% of preferred shares in Ľudová Banka. It acquired these shares from the original owner, Osterreichische Volksbanken Aktiengesellschaft, whose stake in the bank dropped to zero.

The volume of the bank's share assets is to increase by 10% next year, probably through a capital investment by French banks. The National Bank of Slovakia is expected to greenlight the increase by the end of 1998. By the end of 1998, the total assets of Ľudová Banka are expected to reach 20 billion Sk.

Top stories

People will protest in streets again on March 23

The organisers of the gatherings met with the president, stressing the need to have an independent interior minister.

Andrej Kiska met with the representatives of the For a Decent Slovakia initiative.

What’s new at the Foreigners’ Police in Bratislava? Photo

The Slovak Spectator visited the new premises of the Foreigners’ Police department in the Vajnory district, which opened on March 19.

Statue of Maria Theresa deemed unsuitable for Bratislava city centre

The sculpture has been temporarily moved to the promenade in River Park.

The statue of Maria Theresa was installed in front of the Hotel Carlton for a short period of time.

President will not appoint Pellegrini cabinet as proposed

There should be no people who could raise independence concerns, Kiska suggests. Pellegrini has until Friday to submit a new proposal.

Andrej Kiska