SP acquires majority IRB stake

The National Bank of Slovakia (NBS) said on June 10 that the biggest Slovak insurer, Slovenská Poisťovňa (SP) had acquired a 66.7% stake in the troubled IRB bank by subscribing the entire two billion Sk ($57.6 million) share issue. The IRB, whose basic capital is now three billion Sk, was put under caretaker administration by the NBS last December due to liquidity problems. In 1996, the bank posted a loss of about 1.2 billion Sk after heavy loan provisioning, following after-tax profits of 167.5 million Sk in 1995. Its capital adequacy ratio fell to 2.93% at the end of 1996 from 7.25% at the end of 1995.

Top stories

The Zemplínska Šírava dam in eastern Slovakia.

Weekend: Tourist attraction in Slovak town reminiscent of Turkey and Tunisia

Great events are held in western, central and eastern Slovakia this weekend. Pick your favourite.


27. may
The supermassive black hole in the centre of the Milky Way galaxy.

Slovak scientist explains what new black hole image tells us about the galaxy

Difficult feat to capture object at heart of the Milky Way


26. may

News digest: Bratislava city beach opens, summer may now begin!

It's 80 years since Slovak and Czech soldiers launched Operation Anthropoid, Slovakia ended eighth at the World Ice Hockey Championships, a prominent lawyer is fined €70,000 for corruption.


27. may
Google Street View mapping car

The most popular Street View sights in Slovakia

Google published which places people look at the most.


25. may
SkryťClose ad