J&T Permitted to Purchase Poštová Banka

 Bratislava (29 April 2013) – Slovak Antimonopoly Office Approves Purchase of Poštová Banka by J&T Group

As the transaction has now been approved by all appropriate regulatory authorities, it will be executed in the coming days.

J&T Group is thus set to acquire an 88.055% share in the registered capital and voting rights of Poštová banka.
J&T Group focuses on providing comprehensive services related to private banking, asset management for private clients and institutions, investment banking and project financing. It is developing its services in particularly on the markets of the Czech Republic, Slovak Republic and the Russian Federation. For more information, visit www.jtfg.com.

Poštová banka has been active on the Slovak market for 20 years already. With its one million clients, it belongs to one of the strongest retail banks in the country. It has its own network of 41 branches and provides its services at more than 1500 post offices across Slovakia. Its clients have access to 128 ATMs. The standard offer of banking products and services is supplemented by insurance products, investment funds, and pension plans under the second pillar.