List of Banks in Slovakia Including Central and Commercial

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Slovakia has a well-established banking system with a mix of central and commercial banks. There are 6 central banks operating in the country.

The central banks are responsible for regulating the financial system and maintaining financial stability. They also provide banking services to the government and other financial institutions.

One of the central banks in Slovakia is the National Bank of Slovakia, which was established in 1993. The bank's main office is located in Bratislava, the capital city of Slovakia.

The National Bank of Slovakia is responsible for implementing monetary policy and maintaining the stability of the Slovak koruna, the official currency of Slovakia.

Explore further: UniCredit Bank Slovakia

Central Banks and Institutions

In Slovakia, the central bank is the National Bank of Slovakia, which is responsible for maintaining the stability of the country's financial system.

The National Bank of Slovakia is headquartered in Bratislava and is a member of the European System of Central Banks.

The Slovak Banking Association is a professional organization that represents the interests of banks operating in Slovakia.

Here's an interesting read: List of Central Banks

Credit: youtube.com, Central Banks and Commercial Banks Compared in One Minute

The Association of Banks of the Slovak Republic is another important institution that oversees the banking sector in Slovakia.

The Slovak National Bank is responsible for regulating and supervising banks in Slovakia, ensuring they operate in a safe and sound manner.

The European Central Bank, headquartered in Frankfurt, Germany, also plays a significant role in Slovakia's banking system, as the country is a member of the Eurozone.

A unique perspective: National Bank of Slovakia

Commercial Banks

ČSOB Banka is a major player in the retail banking market of Slovakia, offering a full suite of banking products for personal customers, SMEs, corporate clients, institutions, and private banking customers.

The ČSOB Smart Account is a fully digital account with minimal fees, which comes with a debit card and savings account.

Prima Banka is a retail bank that also serves business customers, offering a range of current accounts, including a Personal Account with an international payment card and online banking.

Prima Banka's services for businesses include accounts, loans, financing, deposits, investment, and payments services.

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Here's a list of some of the commercial banks in Slovakia:

  • 365.bank, majority-owned by J&T Group
  • ČSOB, owned by KBC Group
  • Prima banka, member of Penta Investments
  • Privatbanka, member of Penta Investments
  • Raiffeisen Bank, owned by Tatra banka, member of Raiffeisen Bank International
  • Slovenská sporiteľňa, member of Erste Bank
  • Tatra banka, member of Raiffeisen Bank International
  • Všeobecná úverová banka, member of Intesa Sanpaolo

Defunct Banks

Slovakia has a history of bank mergers and failures. AG Banka, for example, failed in 1999.

Some notable defunct banks include Devín banka, which failed in 2001, and Dopravná banka, which failed in 2000.

Here's a list of some of the banks that have ceased operations or been renamed:

  • AG Banka (failed in 1999)
  • Devín banka (failed in 2001)
  • Dopravná banka (failed in 2000)
  • HSBC (left the market in 2012)
  • ZUNO Bank AG (closed in 2017)

Defunct

Defunct banks have a fascinating history in Slovakia. AG Banka failed in 1999.

The list of defunct banks is quite long. Here are some of the notable ones:

  • AG Banka, failed in 1999
  • Devín banka, failed in 2001
  • Dopravná banka, failed in 2000
  • Slovenská kreditná banka, failed in 2000
  • HSBC, left the market in 2012
  • ZUNO Bank AG, closed in 2017

Some banks were merged with other institutions, like ČSOB Stavebná sporiteľňa, which merged with ČSOB in 2023.

Ceskoslovenska Obchodna Banka

Ceskoslovenska Obchodna Banka was a private bank that offered a range of financial services to its customers.

It had a current account, similar to Tatra Banka's Blue Planet Account, which allowed customers to make digital transactions and view their account balances online.

Panoramic View of Poprad Lake Popradske pleso, in High Tatras National Park, Slovakia
Credit: pexels.com, Panoramic View of Poprad Lake Popradske pleso, in High Tatras National Park, Slovakia

SMEs and corporate clients could also access various financial solutions, including loans and financing options, similar to Slovenská záručná a rozvojová banka's focus on SME and corporate financing.

Unfortunately, there is limited information available about Ceskoslovenska Obchodna Banka, but it's clear that it catered to the needs of businesses and entrepreneurs in the country.

As a private bank, Ceskoslovenska Obchodna Banka likely offered a range of financial products and services to its customers, but the specifics are unclear.

It's worth noting that both Tatra Banka and Slovenská záručná a rozvojová banka have continued to operate and offer financial services to their customers, despite the demise of Ceskoslovenska Obchodna Banka.

Banking in Slovakia

Slovakia has a highly concentrated banking sector, with many banks owned by financial groups based elsewhere in Europe.

You'll find a large number of universal and retail banks, offering plenty of choice for current accounts. To open a bank account in Slovakia, you'll typically need a passport or other valid photo ID, a resident card, and proof of address.

Some banks may also ask for proof of income and/or employment, so it's best to check with each bank individually.

Slovenská Záručná banka

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Slovenská Záručná banka is a key player in Slovakia's banking scene. It was set up to boost entrepreneurship in the country.

The bank is owned by the Ministry of Finance in Slovakia, which gives it a unique perspective on supporting local businesses.

Slovenská Záručná banka primarily focuses on SME and corporate financing.

It's worth noting that the bank also offers a current account, which is mainly for entrepreneurs.

This current account comes with features such as deposits, transfers, and online banking services.

Having a current account with Slovenská Záručná banka can make it easier for entrepreneurs to manage their finances and keep track of their business activities.

365 Bank

365 Bank is one of Slovakia's biggest and most popular banks, founded in 1992 as a replacement for parent bank Poštová banka.

It has a range of accounts and services for both personal and business customers, including a Free account with no monthly fee, which comes with a digital card, mobile banking, and in-app banking tools.

Credit: youtube.com, TATRA BANKA: Best or Worst Bank in Slovakia? Honest Review of Terms & Services!

Business customers can choose from accounts, financing, payment solutions, and investment services.

The bank has a couple of key current accounts, including the Free account, which is an online account with a digital card, mobile banking, and in-app banking tools.

It's worth noting that 365 Bank has a strong online presence, making it a great option for those who prefer digital banking.

Business customers can also take advantage of the bank's financing options, which can help them grow their business.

As one of the country's first digital banks, 365 Bank has a wealth of experience in providing online banking services to its customers.

Its investment services can help business customers make informed decisions about their financial futures.

Overall, 365 Bank is a solid choice for those looking for a reliable and convenient banking experience.

For your interest: All Bank Online Banking

Banking in Slovakia

Slovakia has a well-established banking system, with several major players in the retail banking market. ČSOB Banka, for example, offers a full range of banking products for personal and business customers.

Credit: youtube.com, ✅ The 3 Best Banks in Slovakia (Full Guide) - Open Bank Account

One of the standout features of ČSOB Banka is its ČSOB Smart Account, a fully digital account with minimal fees that comes with a debit card and savings account.

365.bank, on the other hand, is a digital bank that has been around since 1992 and is one of the country's biggest and most popular banks. It offers a Free account with no monthly fee, as well as a range of other accounts and services for both personal and business customers.

Slovenská záručná a rozvojová banka (Slovak Guarantee and Development Bank) is a government-owned bank that focuses on SME and corporate financing, but also offers a current account for entrepreneurs.

For those looking for a more traditional banking experience, Slovenská sporiteľňa is one of Slovakia's oldest and biggest banks, offering a range of everyday banking products, including the popular SPACE account.

Here's a brief rundown of some of the major players in the Slovak banking market:

  • 365.bank: a digital bank with a range of accounts and services for personal and business customers
  • ČSOB Banka: a full-service bank with a range of products for personal and business customers
  • Slovenská sporiteľňa: a universal bank with a range of everyday banking products
  • Tatra Banka: a universal bank with a range of current accounts, including its Blue Planet Account
  • Prima Banka: a retail bank with a range of current accounts and services for personal and business customers

Each of these banks has its own unique features and offerings, so it's worth doing some research to find the one that best suits your needs.

Banking in Slovakia

Credit: youtube.com, ✅ How To Open A Bank Account in Slovakia (Full Guide) - New Bank Account

Banking in Slovakia is a highly concentrated sector, with many banks owned by financial groups based elsewhere in Europe. This has led to a large number of universal and retail banks, offering plenty of choice for current accounts.

To open a bank account in Slovakia, you'll typically need a passport or other valid photo ID, a resident card, and proof of address. Some banks may also ask for proof of income and/or employment.

Banking fees in Slovakia can be a bit of a challenge, with most accounts having a monthly maintenance charge. However, some banks waive this fee if you maintain a minimum balance.

You should be able to use your own bank's ATMs for free, but out-of-network ATMs will likely incur a charge.

If you're looking for a more digital banking experience, there are several alternatives to traditional banks in Slovakia. Some popular options include Revolut, N26, Vivid Money, and Bunq, which offer a range of features such as debit cards and international money transfers.

Credit: youtube.com, Open a Bank Account in Slovakia

Here are some of the top banks in Slovakia, including their current accounts:

  • VUB Banka - Greener Planet Account
  • Tatra Banka - Current account
  • 365.bank - Free account
  • mBank - mKonto

These banks offer a range of features and benefits, so it's worth doing some research to find the one that best suits your needs.

Frequently Asked Questions

What is the most popular bank in Slovakia?

Slovenská sporiteľňa is the largest commercial bank in Slovakia, serving over 2 million clients. It boasts the country's largest distribution network with 400 retail outlets.

Can a foreigner open a bank account in Slovakia?

Yes, a foreigner can open a bank account in Slovakia, but they must meet specific conditions and provide required identification documents. To learn more about the process and necessary documents, please see our detailed guide.

Which is the best online bank in Slovakia?

According to user reviews, Tatrabanka is considered one of the top online banks in Slovakia, offering a user-friendly app and reliable services.

Forrest Schumm

Copy Editor

Forrest Schumm is a seasoned copy editor with a deep understanding of the financial sector, particularly in India. His expertise spans a variety of topics, including trade associations, banking institutions, and historical establishments. Forrest's work has shed light on the intricate landscape of Indian banking, from the Indian Banks' Association to the significant 1946 establishments that have shaped the industry.

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