The Slovak Guarantee and Development Bank (SZRB) will focus on the provision of an indirect form of guarantees with an emphasis on small- and medium-sized businesses (SMES).
The average interest rate on bank loans drawn in Slovakia decreased by 0.04 percentage points to 7.51 per cent from March to April.
The Export and Import Bank of the Slovak Republic (Exim Bank) reported a net profit of Skk95.7m in 2003. It supported Slovak exports to a total value of Skk54.6 bn through its bank and insurance activities, 6.8 per cent of the country’s total.
HVB Factoring Ltd., a daughter company of HVB Bank Slovakia, will launch its business activities in the Slovak Republic in June.
Slovakia’s small- and medium-sized enterprises (SMEs) could be on the receiving end of Ђ10m in new credit because of a loan to Ludova Banka from European Bank for Reconstruction and Development (EBRD).
Slovakia's central bank NBS bank board reduced key interest rates by 50 basis points. The two–week repo-tender rate now stands at 5 per cent, the one - day refinancing rate at 6.5 per cent and the one-day sterilization rate at 3.50 per cent.
New foreign direct investment (FDI) in Slovakia amounted to Skk32.1 billion (Ђ802.5 million) in 2003, down by Skk150 billion on a year-on-year basis.
Small- and medium-sized enterprises (SMEs) obtained financial assistance totalling SKK3.042 billion over the second half of 2003.
Slovak Eximbank supported Slovak exports worth over SKK55 billion (Ђ1.36bn) in 2003. According to preliminary data, one third of supported exports received support through insurance operations and two thirds through banking operations.
The main goal of the Slovak Guarantee and Development Bank (SGDB), Inc. this year is more capital issued to effectively support small- and medium-sized enterprises (SMEs).
