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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Fico mirrors stability, but Smer is considering a new election leader

Pellegrini could be Smer's number one in the 2020 parliamentary elections. Some Smer MEPs want a new party leader.

Former PM Robert Fico (left) and his successor Peter Pellegrini (right).

Kirschner: Music has always been the intention

Jana Kirschner has been on the Slovak music scene for more than 20 years.

10 things you need to know about the new parking policy in Bratislava

Foreigners living in Bratislava who are not eligible for permanent residence do not need to worry.

Current parking in Bratislava