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Banks to share client data

THE THREE biggest Slovak banks have founded a company that will operate a loans register that will include information regarding the reliability and the financial situation of the banks' clients.

At a press conference on April 5, representatives of Slovenská sporiteľňa, VÚB, and Tatra banka, said that they hoped the register would be functional by September, the state-run TASR news agency wrote.

The banks' officials also said that - apart from other banks operating in Slovakia - leasing firms, specialised construction savings banks, and mobile phone operators could also join the register.

Information regarding clients would only be issued to members of the register and would be subject to strict data security measures, the officials said.

The register's founding banks expect to receive about 150,000 enquiries within the first year of its operation.

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