Spectator on facebook

Spectator on facebook

CORPORATE NEWS

Tackling slump, IRB swaps leaders

Vojtech Vranay, President of IRB, the third largest Slovak commercial bank, resigned from his post on November 26. Vladimír Turzák, the bank's former Vice-President, was appointed as temporary director before the December 19 special shareholders' meeting decides on a new director. The meeting will discuss the 1 billion Sk ($28.5 million) increase in the basic capital of the bank, whose capital adequacy at the moment is 1.57 percent. The central bank's (NBS) Bank Supervision Department requires 8 percent. However, Turzák said that despite the 400 million Sk decline in clients' deposits over the last few weeks, the level of deposits has already stabilized and the bank is fulfilling all its liabilities to clients. "The NBS... monitors the situation in the IRB and it is not contemplating imposing caretaker administration over the bank," Turzák said.

Top stories

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.

Teachers and scientist support anti-corruption march

They praise the activities of students who may change the current state of corruption.

Organisers of the first student protest, Karolína Farská and Dávid Straka.