BUSINESS BRIEFS

VÚB bank denies trouble rumours

THE VÚB bank run by the Italian IntesaBci group has dismissed rumours that the institution is in financial trouble, after a number of the bank's customers withdrew about Sk200 million (4.7 million euro) from their accounts.

The bank's director, Tomas Spurny, said his bank was actually doing very well. NBS spokesman Ján Onda also confirmed that customers "had no reason to panic".

The expressions of confidence follow a loan of Sk2 billion (47.5 million euro) to the bank from the European Investment Bank in mid-February. At the time, Spurny said the money was destined for the "development of city and municipal infrastructure".

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