Is the sale of KB endangered?
Article Abstract:
Komercni banka (KB) (Prague, Czech Republic), bank, should be privatized during 1H 2001. The offers for the purchase of a 60% state stake in KB are lower than expected. The state plans to sell the stake for CEK 35-45 bil. It is not certain whether KB will be sold during 1H 2001. Offers for the purchase of KB were submitted by the four investors UniCredito (Italy), HypoVereinsbank (Germany), Societe Generale (France) and Credit Agricole (France). The offers will be evaluated by the investment bank Goldman Sachs. Further negotiations with the investors will be held in London, the UK.
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
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GE Capital: They aimed precisely
Article Abstract:
GE Capital Bank (GECB) (Prague, Czech Republic), bank, is expanding in the field of small-scale banking. The bank is aiming to take a 12% share on the Czech bank market in 2003. GEBC is focused mainly on the quality of provided services. The bank was successful in the field of consumer credits in 2000 compared to competition. It granted over 35,000 consumer credits worth a total of nearly CEK 3.2 bil in 2000. GECB was set up after the purchase of the problem bank Agrobanka (Czech Republic) in 1998.
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
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Slovenska Banska will end gold extraction
Article Abstract:
Slovenska banska (SB) (Slovakia), mining company, will probably end the mining of gold in the middle of 2001. Gold extraction has nearly a 1,000-year tradition in Slovakia. SB plans to close the unprofitable gold mine Rozalie, where it produced 306 kg of gold from 49,600 t of extracted ore in 2000. The step will end the mining of gold in all central Europe.
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
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