BUSINESS IN SHORT

BKS Bank eyes Slovakia

BKS Bank from Austria, which entered the Slovak market in 2007 when it bought the Kofis Leasing company, wants to establish a banking subsidiary in Slovakia based on the principle of a single banking licence, the SITA newswire reported.

BKS Bank from Austria, which entered the Slovak market in 2007 when it bought the Kofis Leasing company, wants to establish a banking subsidiary in Slovakia based on the principle of a single banking licence, the SITA newswire reported.

The banking subsidiary has already been recorded in the Commercial Register but has not started operations yet as it is preparing to test its payment systems.

The spokesperson for the National Bank of Slovakia, Petra Pauerová, told SITA that the bank subsidiary plans to start its operation in April 2011.

BKS Bank, listed as a subsidiary of a foreign bank in Slovakia, was recorded in the Commercial Register on November 1, 2010.

It had already established its representation in Slovakia in June 2007 because as an Austrian partner assisting with cross-border financial operations involving Slovakia, it wanted to extend its business activities beyond Austrian borders.


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