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Economy and Banking Sector of Slovakia

Slovakia
Location
Central Europe
EU Status
member since 2004

Located in Central Europe, Slovakia is a memberof the European Union since 2004 and of the Economic Monetary Union since 2009.

Currency
EUR (Euro)
Population  (2017)
5 435 343  (0.00%)
Nominal GDP (2017)
85.0 bln EUR  (+0.05%)
Credit Ratings (as of May 2018)
A+/A2

Slovakia is a high-income, developed economy with a high standard of living. Slovakia successfully transformed from a centrally planned economy to a market-driven economy.

Slovakia signed 64 double taxation agreements.
Slovakia didn't sign the automatic information exchange agreement and didn't indicate a timeline of the start of the automatic information exchange.
Slovakia has FATCA agreement with the U.S. in effect since 31 July 2015 (Intergovernmental Agreement Model 1).

Number of Banks
28
Consolidated Banking Assets (2016)
73 051.11 mln EUR  (+8.46%)
Deposit Guarantee
100 000 EUR

The banking sector of Slovakia is highly concentrated and is dominated by foreign-controlled banks. Banks in Slovakia operate as universal banks.

See Also