Slovakia

NBS withdrew the authorisation the company held since 2016. Breaches cited were a statutory representative and professional guarantor without the required qualifications, missing quarterly and annual reports, no proof of liability insurance from 9 October 2024 and failure to supply information requested for supervision. It became final on 27 July 2026.

NBS withdrew the company's authorisation as an independent financial agent. The decision cites failure to keep the qualified-expert requirements met, failure to file quarterly and annual reports and failure to provide information requested for supervision. It became final on 27 July 2026.

NBS found that from at least 15 November 2023 to 26 May 2025 the cooperative carried on collective investment activity without authorisation as an AIF manager, investing at least EUR 3,490,211.83 of members' contributions into an AIF. It imposed a fine of EUR 150,000 and ordered the unauthorised activity to end. The decision became final on 24 June 2026.

The Bank Board reduced the fine from EUR 29,000 to EUR 20,000. Undercover visits to VÚB branches between 18 February and 10 March 2016 found staff misdescribing the basic bank product, and in two branches (Humenné and Michalovce) the bank did not give written information on the basic product when asked.

The Bank Board reduced the first-instance fine of EUR 31,000 to EUR 28,000. Mystery-shopping visits between 16 February and 8 March 2016 found staff giving wrong or unclear information on the basic banking product and basic payment account, and written information on the basic product was not provided on request at several branches.