POL'NOBANKA (FORMERLY SLOVENSKA POL'NOHOSPORDARSKA BANKA)

Location:

Slovak Republic

Project number:

3677

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

22 Oct 1996

Status:

Complete

PSD disclosed:

23 May 2001

Project Description

Equity Investment of approximately €10.1 million (SKK 437 million) for a 20 per cent share of Pol’nobanka.
The current transaction follows a capital increase for Pol’nobanka in February 2001, which was mainly subscribed by UCI. The objective is to re-capitalise and to support the bank's growth in the retail and corporate market under the guidance of UCI, its new strategic shareholder. The proceeds will be used for: (i) strengthening the capital base and increasing the capital adequacy ratio; (ii) opening, relocating or restructuring existing and new branches to allow the bank to improve its service; and (iii) launching new services and products, especially in the retail sector.
 

Transition Impact

The investment follows the Bank’s strategy of supporting the consolidation of the Slovak banking sector, especially those medium-sized Slovak banks that lend extensively to small and medium-sized enterprises.

The Client

Pol’nobanka is a full-service, universal commercial bank with headquarters in Bratislava and with a focus on commercial banking and expertise in the agricultural sector. The bank has over 1,000 employees and a large nationwide branch network comprising 47 outlets.

EBRD Finance

Equity investment of SKK 437 million (€10.1 million). The EBRD is about to acquire shares from UCI in order to bring its current shareholding to 20 per cent of Pol’nobanka's share capital. The Bank is currently a 3.8 per cent shareholder.

Project Cost

SKK 437 million (€10.1 million)

Environmental Impact

Pol’nobanka will carry out its operations in accordance with EBRD's Environmental Procedures for Local Banks. In implementing these procedures, Pol’nobanka will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.

Technical Cooperation

None.

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
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

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Text of the PIP

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