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1 Historický časopis (Historical Journal)

1 2010

1 Chudjak F.

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THE SLOVAK BANK IN THE PERIOD 1930-1938. A TIME OF HARSH TESTS AND DISAPPOINTMENTS (Slovenska banka v rokoch 1930 - 1938. Cas tvrdych skusok a sklamani)

100%

Chudjak F.

Historický časopis (Historical Journal)

2010

tom 58

nr 2

263-289

The paper analyses the business activity of the Slovak Bank in Bratislava in the period 1930-1938, a period in which it experienced a harsh test and screening of its business. The economic crisis of 1929-1933, which most afflicted the Slovak national banks, the Tatra Bank and Slovak Bank, interrupted the recovery process of the period 1925-1929. The losses of the Slovak Bank resulted especially from its participation in the management and financing of industrial and commercial companies. The Slovak bank rejected state assistance, mainly because of the excessively strict conditions. The bank undertook recovery from its own resources, which reduced them to little more than a third of their previous level. It more or less successfully manoeuvred in relation to the government and political circles during this period, and strove to maintain its independence. The top management of the Slovak Bank refused to merge with the Tatra Bank of Martin. In spite of shocks and losses, the Slovak Bank succeeded in stabilizing its position in the capital market at the end of the 1930s