Istrobanka
Encyclopedia
Istrobanka was a universal commercial bank
based in Slovakia
established in September 1992.
, 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
NV, making KBC the fourth largest bank in the Slovak market through its partnership with ČSOB
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
based in Slovakia
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...
established in September 1992.
History
Istrobanka's founding shareholder was Slovenská Poisťovňa (the Slovak Insurance Company). In 1993 the city of BratislavaBratislava
Bratislava is the capital of Slovakia and, with a population of about 431,000, also the country's largest city. Bratislava is in southwestern Slovakia on both banks of the Danube River. Bordering Austria and Hungary, it is the only national capital that borders two independent countries.Bratislava...
, the capital city of Slovakia
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...
, became another shareholder. GiroCredit Bank AG 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...
became a third shareholder in 1994.
Effective March 2002, the Austrian bank BAWAG
BAWAG
BAWAG is a bank in Austria. On October 1, 2005, it merged with the separate Österreichische Postsparkasse to form the "Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG", shortened as BAWAG P.S.K..-History:BAWAG was founded in 1922 by the Austrian Chancellor Dr...
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 Bank
KBC Bank N.V. is a Belgian universal multi-channel bank, focusing on private clients and small and medium-sized enterprises. Besides retail banking, insurance and asset management activities , KBC is active in European debt capital markets, domestic cash equity markets and in the field of corporate...
NV, making KBC the fourth largest bank in the Slovak market through its partnership with ČSOB
Ceskoslovenská obchodní banka
Československá obchodní banka, a.s. is a commercial bank which operates in Czech Republic. It is one of the largest bank domiciled in the Czech Republic. As a universal bank, it offers a full range of banking services to individuals and companies...
.