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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

PM Fico wants Education Minister’s resignation

Education Minister Peter Plavčan has refused to leave, the Prime Minister demanding his resignation.

Education Minister Peter Plavčan

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Southern Slovakia will face heat again

The first-level warning is issued for the 16th and 17th.