Slovak Republic

Project number:


Business sector:

Insurance, Pension, Mutual Funds

Notice type:


Environmental category:


Approval date:

29 Apr 2003



PSD disclosed:

24 Oct 2001

Project Description

Potential equity investment of up to 20 per cent in Slovenska Poistovna (SP), the largest non-life and life insurance provider in the Slovak Republic, alongside a qualifying strategic investor as part of the company’s privatisation. The investment will support the restructuring of SP and, in particular, its institutional strengthening and the expansion of its product portfolio. In addition the project will support the development of enhanced marketing and distribution capabilities and the continued disposal of non-core equity investments.

Transition Impact

The project will support the development of SP, bringing additional technical know-how to the company (both in terms of training for local employees and through the development of new systems and products) and aid the development of the Slovakian insurance market. It will also act as a model for other similar projects, stemming in particular from improved corporate governance.

The Client

SP is the largest insurance company in the Slovak Republic providing both life and non-life insurance products. In 2000, SP had a 56 per cent non-life market share and a 36 per cent life market share. With four regional offices, 34 branches and 108 representative offices, SP operates across the whole of the Slovak Republic.

EBRD Finance

Equity investment up to a maximum of 20 per cent. Cost to be determined.

Project Cost

To be determined.

Environmental Impact

SP will be required to conduct its insurance and asset management operations in accordance with the EBRD’s Environmental Guidelines for the Insurance Sector.

Technical Cooperation


Company Contact


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: