Slovenská sporitelna
Encyclopedia
Slovenská sporiteľňa is the largest commercial bank in Slovakia
. It provides comprehensive banking services to more than 2 million clients via the largest distribution network with 400 retail outlets. It administers almost 6 million accounts, which proves its stable position in the Slovak banking sector.
, which dates back to the 19th century.
In modern times the bank was at first part of Československá štátna sporiteľňa (Czechoslovak State Savings Bank), established in 1953. Since 1969 it commenced an independent operation as Slovenská štátna sporiteľňa (Slovak State Savings Bank).
Changes after the year 1989 reflected liberalisation of the financial sector, which resulted in increasing competition. In 1990, Slovenská štátna sporiteľňa obtained universal banking license and widened its activities also to the segment of institutional and corporate clients.
The bank entered the Slovak
money and capital markets in 1991, when these markets came into being. In 1994, Slovenská štátna sporiteľňa was transformed in a joint-stock company and started its activities under the brand name of Slovenská sporiteľňa (Slovak Savings Bank).
Transformation process in Slovenská sporiteľňa started in January 2001, immediately after the signing of the Share Purchase Agreement by the majority shareholder of Austria
n Erste Bank, which has a leading position in retail banking in Central Europe
.
n bank group. It was established in 1997 by merging of GiroCredit and Die Erste Österreichische SparCasse AG, which was established in 1819. With more than 8 millions of clients it has the leading position on Central Europe
an retail banking market.
Slovakia
The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
. It provides comprehensive banking services to more than 2 million clients via the largest distribution network with 400 retail outlets. It administers almost 6 million accounts, which proves its stable position in the Slovak banking sector.
History
Slovenská sporiteľňa has the longest tradition out of all the banking institutions in SlovakiaSlovakia
The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
, which dates back to the 19th century.
In modern times the bank was at first part of Československá štátna sporiteľňa (Czechoslovak State Savings Bank), established in 1953. Since 1969 it commenced an independent operation as Slovenská štátna sporiteľňa (Slovak State Savings Bank).
Changes after the year 1989 reflected liberalisation of the financial sector, which resulted in increasing competition. In 1990, Slovenská štátna sporiteľňa obtained universal banking license and widened its activities also to the segment of institutional and corporate clients.
The bank entered the Slovak
Slovakia
The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
money and capital markets in 1991, when these markets came into being. In 1994, Slovenská štátna sporiteľňa was transformed in a joint-stock company and started its activities under the brand name of Slovenská sporiteľňa (Slovak Savings Bank).
Transformation process in Slovenská sporiteľňa started in January 2001, immediately after the signing of the Share Purchase Agreement by the majority shareholder of Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
n Erste Bank, which has a leading position in retail banking in Central Europe
Central Europe
Central Europe or alternatively Middle Europe is a region of the European continent lying between the variously defined areas of Eastern and Western Europe...
.
Erste Bank Group
Erste Bank is a second largest AustriaAustria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
n bank group. It was established in 1997 by merging of GiroCredit and Die Erste Österreichische SparCasse AG, which was established in 1819. With more than 8 millions of clients it has the leading position on Central Europe
Central Europe
Central Europe or alternatively Middle Europe is a region of the European continent lying between the variously defined areas of Eastern and Western Europe...
an retail banking market.
- For more information, see also Erste Bank.