Zuno banka closes Slovak operations

Zuno banka closes Slovak operations

Published at: 2017-06-06 12:01 | Author: CIJ Journal
Zuno banka finished its operations in Slovakia, following its takeover by Tatra banka, both part of Austria’s Raiffeisen Bank group. Zuno announced it would end operating in Slovakia last October after Raiffeisen unsuccessfully tried to sell it. Trend.sk suggests the reason behind the failed sale was due to the fact that the Zuno platform was prepared for vast international expansion, but the plans were never realized. A majority of Zuno’s clients have already opened new accounts at Tatra banka, according to the bank's board member Petr Matúš.

Similar Stories:

Related Companies names David Zussman new CFO
David Zussman was promoted to CFO of The Related Companies. Zussman will oversee Related  »
Stone Point Capital buying Rialto Investment and Asset Management
An investment fund managed by Stone Point Capital signed a contract to buy Rialto Investme  »
J.T. Straub joins ACM’s real estate securities team as director
J.T. Straub was named director within AEW Capital Management’s real estate securities te  »
Jeff Gersh joins Trez Forman Capital Group as senior VP of finance
Jeff Gersh was named senior vice president of finance at Trez Forman Capital Group. In his  »