Spectator on facebook

Spectator on facebook

ČSOB and Istrobanka now have common management

After Belgian financial group KBC gained a 100-percent stake in Istrobanka in July this year, a gradual merging of Istrobanka and KBC's daughter bank in Slovakia, ČSOB, has been taking place, KBC management has told the TASR newswire.

After Belgian financial group KBC gained a 100-percent stake in Istrobanka in July this year, a gradual merging of Istrobanka and KBC's daughter bank in Slovakia, ČSOB, has been taking place, KBC management has told the TASR newswire.

The transaction on the transfer of shares has been approved by the Slovak central bank (NBS) and the Anti-Trust Office. In view of the difficult integration process requiring intensive co-operation between both institutions, a new common managing organ for both banks - Country Team - has been established as of September 1. Miroslav Paulen, chairman of the Board of Directors and general director of Istrobanka, has been appointed a new member of the Country Team, the main goal of which will be to supervise securing a smooth integration process for both banks.

Daniel Kollár, chairman of the Board of Directors and general director of ČSOB, will continue to hold the position of country manager for the whole financial group. In 1999, ČSOB went through a principle change, as KBC Bank (Belgium) became its majority shareholder. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Preparation of young journalists lags

Editors and students complain about the lack of practical training at journalism schools and missing links with the realities of the media market.

International students travel to attend world leading universities. So they did in the past.

Raslavice village creates jobs; constructs wellness centre

By using eurofunds and state aid new Mayor of Raslavice Marek Rakoš thus created some 80 jobs in two years.

Fico: We are ready to discuss the 13th salary

The prime minister also presented reasons why Slovakia should be in the EU core.

PM Robert Fico

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci