Spectator on facebook

Spectator on facebook

FOCUS SHORT

Zuno Bank gets 46,000 customers

ZUNO bank, a bank operating primarily via the internet, attracted 46,000 new customers during its first year and three months of operation in Slovakia, with most of its clientele being young people aged 20 to 39.

ZUNO bank, a bank operating primarily via the internet, attracted 46,000 new customers during its first year and three months of operation in Slovakia, with most of its clientele being young people aged 20 to 39.

The bank received deposits of €331 million from customers in the Slovak market and over 50 percent were in the form of savings accounts, according to its general director, Tomáš Kuna, as reported by the SITA newswire in late March.

A market survey conducted by the bank showed that its customers prefer simple, transparent and accessible loan products at reasonable prices. A Zuno customer can arrange a loan on the internet and does not need to visit a bank branch.

Zuno Bank is part of Raiffeisen Bank of Austria which announced its plan to enter markets in central and eastern Europe with a new direct banking model at the end of 2009.

Zuno Bank’s pilot operation was launched on August 1, 2010 in Slovakia, the first country where Zuno offered its services. It was followed by a subsidiary in the Czech Republic. The bank offers loan products in Slovakia as well as current accounts, saving accounts and term deposits.

Topic: Finances and Advisory


Top stories

How did Communism happen in Czechoslovakia?

For the 40 years, Czechs and Slovaks would celebrate February 25 as Victorious February, even though the enthusiasm of most of those who supported Communists in 1948 would very quickly evaporate.

Prime Minister Klement Gottwald (right) swears an oath into the hands of President Edvard Benes on February 27, 1948 at the Prague Castle.

Cemetery with a remarkable creative concept Photo

The shapes of tombstones were prescribed until 1997

Vrakuňa Cemetery in Bratislava

Being young is harder than it used to be

The failure of older generations to sympathise with youth means politics are primarily a contest of who can hand out more gifts to old people.

Young Slovaks have problems finding proper jobs.

Historian: After 1948, Czechoslovakia was paralysed with fear

On February 25, Czechs and Slovaks mark 70 years since the rise of Communism in their common state. Historian Jan Pešek talks about the coup and its aftermath.

Demonstration in Prague, Wenceslas' Square, on February 28, 1948.