Credit Co-operatives in Slovakia

Elena Šúbertová ()
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Elena Šúbertová: University of Economics in Bratislava

A chapter in Credit Cooperative Institutions in European Countries, 2016, pp 405-417 from Springer

Abstract: Abstract Nowadays approximately half a million (approximately 9 %) people in the Slovak Republic are individual members of a co-operative. According to their specialization the co-operatives are divided into agricultural, production, consumer or housing co-operatives. They are associated in the Co-operative Union of the Slovak Republic. It is a pity that our current legislation does not allow to set up credit co-operatives. It was in Slovakia where the first credit co-operative in the world was established. The first organization operating on co-operative principles was founded by Samuel Jurkovič in the village of Sobotište on February 9th, 1845. The first co-operative in Slovakia, and simultaneously first credit co-operative in the world was called “Spolok gazdovský” (Farmers’ Unit).

Keywords: Interest Rate; Slovak Republic; Commercial Code; Legal Entity; Saving Bank (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-28784-3_22

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DOI: 10.1007/978-3-319-28784-3_22

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