Troubled Slovak Bank to be Taken Over by State-Owned Factoring Agency
Slovak state-owned bank Konsolidacna banka Bratislava (KBB) will be taken over by state-owned factoring agency Slovenska Konsolidacna (SKo) before 31 October, according to a proposal for the transformation of the KBB to be discussed by cabinet on 6 June. The acquisition will not include part of KBB's receivables and debts, which will be assumed by the state-owned Slovak Guarantee and Development Bank (SZRB).
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