History of VÚB Bank
Všeobecná úverová banka (VÚB, General Credit Bank) was established on 1 January 1990, by separating commercial activities for corporate clients in the Slovak Republic from the State Bank of Czechoslovakia as a state monetary institution. In 1992, it was transformed into a joint stock company belonging to the National Property Fund of the Slovak Republic.
However, the real breakthrough for the Bank’s operations came with the privatization process, when, at the end of 2001, the Italian banking group IntesaBci (currently Intesa Sanpaolo) acquired a majority stake in VÚB.
During its history, VÚB Bank has won many prestigious awards from world economic magazines such as Global Finance, The Banker, and Euromoney. For several years, it has been the most valued bank in Slovakia in the Golden Coin financial products competition.
1. 1. 1990
Establishment of Všeobecná úverová banka, a.s. by separating commercial activities for corporate clients in the Slovak Republic by the State Bank of Czechoslovakia as a state monetary institution.
Transformation of VÚB into a joint stock company belonging to the National Property Fund of the Slovak Republic.
Establishment of the first subsidiary, VÚB Asset Management dealing with shared fund management.
The Italian banking group IntesaBci (currently Intesa Sanpaolo) acquired a majority stake at VÚB.
Establishment of the VÚB Generali d.s.s. subsidiary providing clients with the retirement savings service.
Establishment of the Consumer Finance Holding subsidiary in order to administer a group of financial companies providing consumer loans in a non-banking way, instalment and catalogue sales and leasing of used cars.
VÚB Bank acquired a majority stake in the leasing company BOF (one of the oldest leasing companies) and significantly strengthened its position in the SME financing market.
Change of the name of the leasing company BOF to VÚB Leasing.
Global re-branding of the banking group Intesa Sanpaolo and the associated change of the logo and colours of VÚB Bank.
Best bank in Slovakia award from EMEA Finance magazine.
National European Business Awards Champion in Corporate Social Responsibility.
Award for Best Private Banking Services in Slovakia by Global Finance.
The Bank of the Year 2017 award from Trend magazine.
Distributing Consumer Finance Holding company by merging with VÚB Bank and VÚB Leasing company.