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BANK NEWS

Corporate lending rises

Loan volumes decreased by Sk28.4 billion in February, due largely to the merger of state bailout agencies Konsolidačná banka Bratislava (KBB) and Slovenská kosolidačná (SKo). After transferring Sk31.5 billion in registered loans to SKo by February 1, KBB ceased to operate as a banking entity.

Excluding the merger, business and personal loans grew by Sk3.1 billion in February from the month before, compared to a Sk2 billion decrease in February 2001. The current growth is attributed to a Sk1.8 billion increase in business loans and a Sk1.1 billion increase in forex loans in February. Personal loans grew by Sk200 million. The total volume of business and personal loans increased by Sk25.8 billion compared to the same month last year, according to the NBS.

Top stories

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

Slovakia vies for medicines agency

What chances does the country have at winning the seat of the prestigious European Medicines Agency that needs to relocate from London?

Illustrative stock photo

Vote-buying scandal lands village mayor in court

Some Roma claiming the mayor of Gemerská Poloma, Miroslav Michalka was buying votes, have changed their testimonies.

Stanislav Kučerák (blue shirt) is a key witness in the vote-buying case.

British embassy opens condolence book

The book will be opened for two days.

Floral tributes are laid out in Manchester, England, on May 23, 2017, the day after the suicide attack at an Ariana Grande concert that left 22 people dead as it ended on May 22 night.