Spectator on facebook

Spectator on facebook

Russia may buy Zuno

THE BIGGEST private bank in Russia, Alfa, may buy Zuno bank, the Czech website Lidovky.cz informed.

Illustrative stock photo(Source: Sme)

The transaction has reportedly been approved by both Russians and the current owner of the bank, Austrian Raiffeisen Bank International (RBI), but it still needs to be approved by the Austrian central Bank. Neither RBI or Alfa have commented on the rumour, the SITA newswire reported.

Despite the possible acquisition, Zuno will remain an independent and fully regulated bank based in Vienna, said PR manager of Zuno Slovensko Ivo Trávniček.

“The potential ownership change will have no impact on clients in the Czech Republic and Slovakia, and their deposits will be protected under Austrian deposit protection law,” Trávniček said, as quoted by SITA, adding that the services or products offered to clients will not change.

Zuno bank set up a pilot operation in Slovakia in August 2010, while it launched its commercial operation in December 2010. In mid 2011 it began operations in the Czech Republic. The bank offers an exclusive online banking services in both countries.

Topic: Finances and Advisory


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.

Safari under High Tatras Video

Marek Stolarčík from Kežmarok filmed unique video.

Illustration stock photo

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.