Spectator on facebook

Spectator on facebook

BANKING & FINANCE NOTES

Poštová Banka mulls new share issue

Participants at a shareholders meeting of Poštová Banka (Post Bank) on July 28 decided to up the bank's registered capital, currently at 909 million Sk, by issuing shares worth 300 million Sk.

Last year, a Poštová Banka stock issue worth 309 million Sk took place without the participation of some of its major shareholders, such as Slovak Telecom, Slovak Post Office, Postparkasse, the Ministry of Transportation and Bundesländer AG.

In that issue, the companies Tectum Banská Bystrica and Trans Rail Košice each acquired a 15 percent stake in Poštová Banka and the firm Kinex Bytča got 4 percent.

According to an aide to Poštová Banka's president, Štefan Kridla, shareholders have the right of first refusal on the issue, and sources say that Slovak Telecom (owns 34 percent), Slovak Post Office (22.7 percent) and the Ministry of Transportation (1.7 percent) will likely exercise that right. If the issue does take place, the share of state-owned companies in the bank will decrease from 57.8 percent to 43.5 percent.

Top stories

Slovakia remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.

Kotleba should be defeated in election, not banned

More constitutional can be less democratic, and it is not clear that it always has the intended result. Perhaps the clearest historical case came with the rise of the Nazis in Germany.

Marian Kotleba

Slovakia to leave NATO is a hoax

The Slovak Spectator brings you a selection of hoaxes that appeared over the past week.

Some peple gathered at Slavin in Bratislava brought ani-NATO banners.

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)