Small banks and insurers are leaving Slovak market

29.11.2019

Wüstenrot is selling its Czech building saving bank and mortgage bank, according to sources of e15.cz. The sale of its Slovak building saving bank is likely, too, as the recent tightening of rules for state subsidies made the prospects of building saving banks here grim. OTP of Hungary, mBank of Poland and Axa of France are also leaving the Slovak market. Financial sector consolidation stems from growing costs of regulation and low interest rates. Smaller banks in Slovakia are under pressure, as the banking levy could eat their entire profits.

 

(e15.cz)

Please reload

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

Sales of new mortgages plummeted in May

03.07.2020

The volume of housing loans rose €198m in May under a monthly comparison, and was €2.8bn higher annually, reported the central bank NBS. In January-Ap...

Swiss Life keeps expanding in Slovakia

03.07.2020

Swiss Life, a Swiss-based financial broker, wants to keep expanding in Slovakia after it acquired Fincentrum, the country’s 5th-largest financial brok...

Swiss Life chce na Slovensku ďalej expandovať

03.07.2020

Švajčiarska skupina Swiss Life chce na Slovensku ďalej expandovať po tom, ako pred dvoma rokmi kúpila Fincentrum, piateho najväčšieho finančného spros...

1/5
Please reload

Copyright  © 1994 - 2019    Symsite Research         All rights reserved.