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Istrobanka
Istrobanka was a universal commercial bank based in Slovakia established in September 1992. History Istrobanka's founding shareholder was Slovenská Poisťovňa (the Slovak Insurance Company). In 1993 the city of Bratislava, the capital city of Slovakia, became another shareholder. GiroCredit Bank AG of Austria became a third shareholder in 1994. Effective March 2002, the Austrian bank BAWAG became the principal shareholder of Istrobanka, holding 100% of the shares. In July 2008 BAWAG formalized sale of Istrobanka to the Belgian group KBC Bank KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank ... NV, making KBC the fourth largest bank in the Slovak market through its partnership with ČSOB. Branches About 60 branches and sub-branches of Istrobanka were located throughout Slovakia. ...
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BAWAG
BAWAG (German language: ''Bank für Arbeit und Wirtschaft'') was a bank in Austria founded in 1922. On October 1, 2005, it merged with the separate '' Österreichische Postsparkasse'' (P.S.K.) to form the "Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG", shortened as BAWAG P.S.K. In October 2017, BAWAG Group AG, the holding company of BAWAG P.S.K., became a listed company on the Vienna Stock Exchange. Largest shareholders are GoldenTree Asset Management (21.8%) and T. Rowe Price (5.6%). History Bank für Arbeit und Wirtschaft BAWAG was founded in 1922 by the Austrian Chancellor Dr. Karl Renner as the ''Arbeiterbank'' (Austrian Worker's Bank), not so much to extend favourable terms of credit to ordinary people, but to spare them to resort to more capitalist institutions (cit. Renner). Socialist trade unions and the Großeinkaufsgesellschaft für österreichische Consumvereine (Austrian consumer associations procurement company) each hold a 40% stake in t ...
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KBC Bank
KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank (KB), the cooperative , ABB Insurance, and Fidelitas Insurance. The acronym KBC refers to KredietBank and CERA. KBC Group is one of Belgium's major companies and the second largest bancassurer in the country. As of late 2020, it was the 15th largest bank in Europe by market capitalisation and a major financial player in Central and Eastern Europe, employing some 41,000 staff (of which more than half in Central and Eastern Europe) and serving 12 million customers worldwide (some 7 to 8 million in Central and Eastern Europe). KBC is a Forbes Global 2000 company. The group is controlled by a group of core shareholders, and has a free float of approximately 60%. The core shareholders include KBC Ancora, a listed company controlled by CERA (o ...
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Československá Obchodní Banka
Československá obchodní banka, a.s. (ČSOB) is one of the largest commercial banks operating in the Czech Republic. It is a universal bank that offers a full range of banking services to individuals and companies. It operates 280 ČSOB branded branches, and 3,300 Česká pošta (Czech postal company) branches under the brand name Poštovní spořitelna. The bank is owned by Belgium-based KBC Bank. Until 2008 ČSOB also operated in Slovakia, but in 2008 a new company Československá obchodná banka, a.s. (ČSOB Slovakia) was created under direct control of KBC Bank. Czech ČSOB holds a 47% minority stake in Slovak ČSOB. Since 2011, the bank has sponsored the Czech ice hockey club HC Pardubice, which took the name ''HC ČSOB Pojišťovna Pardubice''. History ČSOB was established in 1964 in the former Czechoslovakia as the sole bank providing foreign trade, financing and convertible currency operations. After 1989, ČSOB expanded its activity to include services for entr ...
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Bratislava
Bratislava (, also ; ; german: Preßburg/Pressburg ; hu, Pozsony) is the capital and largest city of Slovakia. Officially, the population of the city is about 475,000; however, it is estimated to be more than 660,000 — approximately 140% of the official figures. Bratislava is in southwestern Slovakia at the foot of the Little Carpathians, occupying both banks of the River Danube and the left bank of the River Morava. Bordering Austria and Hungary, it is the only national capital that borders two sovereign states. The city's history has been influenced by people of many nations and religions, including Austrians, Bulgarians, Croats, Czechs, Germans, Hungarians, Jews, Romani, Serbs and Slovaks. It was the coronation site and legislative center and capital of the Kingdom of Hungary from 1536 to 1783; eleven Hungarian kings and eight queens were crowned in St Martin's Cathedral. Most Hungarian parliament assemblies were held here from the 17th century until the Hungarian Re ...
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Slovakia
Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the southwest, and the Czech Republic to the northwest. Slovakia's mostly mountainous territory spans about , with a population of over 5.4 million. The capital and largest city is Bratislava, while the second largest city is Košice. The Slavs arrived in the territory of present-day Slovakia in the fifth and sixth centuries. In the seventh century, they played a significant role in the creation of Samo's Empire. In the ninth century, they established the Principality of Nitra, which was later conquered by the Principality of Moravia to establish Great Moravia. In the 10th century, after the dissolution of Great Moravia, the territory was integrated into the Principality of Hungary, which then became the Kingdom of Hungary in 1000. In ...
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Million
One million (1,000,000), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. The word is derived from the early Italian ''millione'' (''milione'' in modern Italian), from ''mille'', "thousand", plus the augmentative suffix ''-one''. It is commonly abbreviated in British English as m (not to be confused with the metric prefix "m", '' milli'', for ), M, MM ("thousand thousands", from Latin "Mille"; not to be confused with the Roman numeral = 2,000), mm (not to be confused with millimetre), or mn in financial contexts. In scientific notation, it is written as or 106. Physical quantities can also be expressed using the SI prefix mega (M), when dealing with SI units; for example, 1 megawatt (1 MW) equals 1,000,000 watts. The meaning of the word "million" is common to the short scale and long scale numbering systems, unlike the larger numbers, which have different names in the two systems. The million is sometimes used in the Engl ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only en ...
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Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous city and state. A landlocked country, Austria is bordered by Germany to the northwest, the Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country occupies an area of and has a population of 9 million. Austria emerged from the remnants of the Eastern and Hungarian March at the end of the first millennium. Originally a margraviate of Bavaria, it developed into a duchy of the Holy Roman Empire in 1156 and was later made an archduchy in 1453. In the 16th century, Vienna began serving as the empire's administrative capital and Austria thus became the heartland of the Habsburg monarchy. After the dissolution of the H ...
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The Slovak Spectator
''The Slovak Spectator'' (or in abbreviated form ''Slovak Spectator'') is Slovakia's English-language newspaper. History and profile The debut issue of ''The Slovak Spectator'' hit newsstands across Slovakia on 1 March, 1995. The newspaper was founded by four Americans: Rick Zednik, Richard Lewis, Eric Koomen and Daniel J. Stoll. Currently, only Koomen and Stoll are owners along with the largest media company in Slovakia, Petit Press, which also owns '' SME'', '' Új Szó'', '' Korzár'' and various regional My noviny newspapers. ''The Slovak Spectator'' is published by The Rock, s.r.o. publishing house and covers local news, culture and business. The company also publishes four special publications that appear throughout the year, including the ''Spectacular Slovakia'' travel guide, the ''Book of Lists'' business directory, and comprehensive guides to local real estate, investment environment and human resources. Its target group includes foreigners living and working in Slo ...
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Banks Established In 1992
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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