Slovakia Transforms Banks into Branches

Politics ♦ Published: February 27, 2013; 13:59 ♦ (Vindobona)

The draft amendment to the Banking Act will not affect competition, the National Bank of Slovakia said.

Slovakia Transforms Banks into Branches / Picture: © NBS National Bank of Slovakia

At present in Slovakia, mortgage loans as defined in the Banking Act are not provided by any foreign bank branch. These loans currently make up only 30% of the total amount of housing loans in the Slovak market.

NBS does not deem discriminatory1) the fact that the draft amendment would prohibit branches from providing mortgage loans.

1.

The provision of mortgage…

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