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Slovak government approves support measure for banks

The Slovak government on Wednesday, June 10, approved a bill that would alleviate any future effects of the global financial crisis on the Slovak banking sector, the TASR newswire reported.

The Slovak government on Wednesday, June 10, approved a bill that would alleviate any future effects of the global financial crisis on the Slovak banking sector, the TASR newswire reported.

The Finance Ministry, which is sponsoring the bill, wants the Slovak parliament to fast-track what it describes as a preventive measure. The bill is expected to be voted during a session starting next week. In order to qualify for assistance, a cash-strapped bank should possess at least 50 percent of the bank's required minimum capital while the aid will not be allowed to exceed 50 percent of the bank's required capital. 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.

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