Slovakia
Slovak Republic
  • EU Member
  • A2/A
    Moody’s/Fitch Ratings
  • GDP Growth (2020) : -4,8%
Priorities
Priority to financing of Slovak supplies to IBEC member states’ markets
Servicing operations of Slovak companies in consistence with National Sustainable Development Strategy 2025
Focus on traditionally strong sectors of the country’s economy, e.g. automotive industry, electrical engineering, metallurgy, IT and telecom
Statistics
€ 2 988
Credit portfolio (EUR thous.)
€ 0
Documentary portfolio (EUR thous.)
€ 12 662
Securities portfolio (EUR thous.)
1
Number of projects

Strategy

With regard to Slovakia, IBEC is aimed primarily at increasing the country and sectoral diversification of exports of national companies by supporting Slovak exporters in entering new markets, including the markets of the IBEC member countries that are not members of the European Union.
Geographic diversification of exports and imports in accordance with the priorities of the country's foreign trade policy: facilitating the expansion of the presence of Slovak producers in the markets of European countries outside the EU, the countries of the Balkan Peninsula, the CIS countries and the Asian region.
Assistance to the development of economic sectors with high export potential (energy, agriculture, food industry).
Support for SMEs.
Development of a network of partners in the Slovak market (financial institutions, non-profit and government structures, national development institutions).

Interaction of IBEC with state bodies of Slovakia

OBJECTIVES of the IBEC’s work with state bodies: Bilateral interaction with the target audience — informing it about the work and plans of the IBEC, as well as obtaining and analyzing relevant information from the target audience in accordance with the business profile and initiatives of the Bank, using such information in the Bank’s work to develop its activities, in particular, by implementing new projects in order to fulfill the IBEC mission.
PRINCIPLES of the IBEC's work with government bodies
Honesty
Adherence to ethical behavior, honesty and responsibility in its activities. Strict adherence to the IBEC Code of Corporate Ethics
Legality
Compliance of actions with legitimate business goals, the interests of the Bank, subject to the requirements of the laws of the country of the counterparty. IBEC takes all reasonable measures to ensure that positions presented to the Bank’s governing bodies are based on factual data and not on opinions
Accountability and oversight
Mandatory coordination of goals and approaches to working with contacts, as well as planning activities and regular reporting to the Bank’s management
Consistency
The responsible division of IBEC plays a key role in ensuring consistency of all work with contacts carried out on behalf of the Bank or in connection with its objectives
Transparency
IBEC speaks openly about the guiding principles, goals, policies and procedures for its work with contacts in government agencies
Key partners for the implementation of the IBEC Country Strategy in Slovakia:
  • Ministries and Departments;
  • Diplomatic missions;
  • Trade representations;
  • Intergovernmental commissions;
  • Slovak Business Agency (SBA);
  • Slovak Chamber of Commerce and Industry (SOPK);
  • Slovak Agency for Investment and Trade Development (SARIO).
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