List of banks issuing covered bonds and list of covered bond administrators and deputy administrators

As regards the issuance of covered bonds by banks (but not foreign branches) operating in Slovakia, a bank must obtain prior approval of Národná banka Slovenska (NBS) before it can commence activities related to its first covered bond programme (CBP). Each additional CBP that a bank establishes is separately subject to NBS prior approval. A bank must in writing notify Národná banka Slovensko in advance of any changes to the conditions under which the prior approval was granted.

A bank that is an issuer of covered bonds must have in place a CBP administrator and deputy administrator (Section 77 of the Banking Act). A bank’s CBP administrator and deputy administrator are appointed by Národná banka Slovenska either on NBS’s own initiative or at the bank’s proposal, subject to NBS’s assessment of the individuals and their compliance with statutory requirements.

Zoznam bánk, ktoré emitujú kryté dlhopisy v príslušnom PKD

* PA, Prior approval
** original scope, i.e., underlying assets (PA) consisting solely of mortgages secured by residential real estate (RRE), under Section 122ye of the Banking Act.

List of CBP administrators/monitors and their deputies for CBP 1 – mortgage covered bond programme