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

Kiska: Saková is a wasted opportunity

But he has no other option than to appoint her as interior minister. Opposition and civic initiatives are also critical.

Denisa Saková met with President Andrej Kiska.

Slovak writer and film director Peter Krištúfek dies in a bus crash

The documentarist and writer, aged 44, was one of the two casualties of the fatal Monday crash between a bus and a truck.

Peter Krištúfek

OLAF began investigating the alleged abuse of EU funds in Slovakia

European Anti-fraud Office will look into fraud involving EU funds for Slovak agriculture first revealed by murdered Slovak journalist Ján Kuciak

Slovak agriculture faces many hard changes. Illustrative stock photo.

New lookout for plane spotters and photographers Photo

The lookout at the Bratislava airport is accessible from the Vrakuňa (borough of Bratislava) side.

Bratislava M.R. Štefánik airport's lookout.