Slovakia—cross border banking and finance guide
Produced in partnership with Schoenherr
Slovakia—cross border banking and finance guide

The following Banking & Finance guidance note Produced in partnership with Schoenherr provides comprehensive and up to date legal information covering:

  • Slovakia—cross border banking and finance guide
  • Loan market and developments
  • Lending
  • Security and guarantees
  • Enforcement
  • Intercreditor issues
  • Governing law and disputes

Loan market and developments

Please provide a brief overview of the current state of the loan markets in your jurisdiction and any significant recent market developments.

According to the most recent survey on the loan market in Slovakia prepared by the Slovak National Bank (Národná banka Slovenska) for the period July – December 2011, a number of Slovak banks have significantly strengthened their credit standards for the provision of loans, especially for short-term loans and loans to large enterprises. Nevertheless, the volume of corporate loans provided by the banks during this period has slightly increased, presumably as a result of restructuring and refinancing of loans rather than new transactions. The 2012 survey has not yet been published by the Slovak National Bank, but bond financing has been on the rise recently.

Please provide a brief overview of forthcoming changes to the law or other matters that may affect the loan markets or the responses to the questions below.

There are no forthcoming changes that would directly affect the loan market. Following the recent governmental change in Slovakia, however, there are several ongoing legislative initiatives, such as changes to the Slovak tax system or increase of bank levy, which are likely to have a substantial impact on the Slovak business environment, including the loan market. Slovak legislation in this