Spectator on facebook

Spectator on facebook

J&T plans to buy Poštová Banka from Hoffmann

The J&T financial group intends to acquire Poštová Banka from businessman Mário Hoffmann and thereby enter the high street banking sector in Slovakia and the Czech Republic, Patrik Tkáč, deputy head of J&T’s board said, as reported by the Czech daily Hospodářské Noviny.

The J&T financial group intends to acquire Poštová Banka from businessman Mário Hoffmann and thereby enter the high street banking sector in Slovakia and the Czech Republic, Patrik Tkáč, deputy head of J&T’s board said, as reported by the Czech daily Hospodářské Noviny.

The Slovak daily Hospodárske Noviny wrote on Tuesday, April 10, that J&T’s share in the bank should be somewhere between 75 and 80 percent. The group already owns a 10-percent share and has been negotiating the purchase of more stock with Hoffmann, owner of the Istrokapitál financial group, since the end of 2011. The daily reported that Hoffmann will continue to control the bank’s management and remain chairman until 2015. Until now, J&T has been active in private banking through J&T Banka, which will continue to be run separately from Poštová Banka.

In 2011, Poštová Banka made a profit of €5.19 million – a significant fall compared to 2010, due to a fall of the value of Greek bonds in its portfolio.

Source: Hospodárske Noviny

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.