Spectator on facebook

Spectator on facebook

NBS oks the increase in J&T’s interest in Poštová Banka

The National Bank of Slovakia (NBS), country’s central bank, has permitted the J&T financial group to increase its interest in Poštová Banka. The trade, thanks to which the financial group will acquire the 88.055 percent share in the bank will now have to be okayed by the Antimonopoly Office, the TASR newswire reported on September 20.

The National Bank of Slovakia (NBS), country’s central bank, has permitted the J&T financial group to increase its interest in Poštová Banka. The trade, thanks to which the financial group will acquire the 88.055 percent share in the bank will now have to be okayed by the Antimonopoly Office, the TASR newswire reported on September 20.

“NBS’s consent to increase J&T group’s shareholder interest in Poštová Banka confirms the already demonstrated strategic partnership between J&T and the current majority stockholder in Poštová Banka - Istrokapital SE,” spokesperson for J&T, Nikol Kubaská, told TASR.

Both trading sides agreed on the deal last year. In 2010, Poštová Banka invested hundreds of millions of euros in Greek bonds, from which a haircut worth €275 million had to be deducted after the restructuring of the Greek debt. The bank received financial means from J&T in a similar volume before the haircut in return for an increase in the group's interest in the financial house.

Source: TASR

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).