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Credit Co-operatives in Slovakia

In: Credit Cooperative Institutions in European Countries

Author

Listed:
  • Elena Šúbertová

    (University of Economics in Bratislava)

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).

Suggested Citation

  • Elena Šúbertová, 2016. "Credit Co-operatives in Slovakia," Contributions to Economics, in: Simeon Karafolas (ed.), Credit Cooperative Institutions in European Countries, pages 405-417, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-28784-3_22
    DOI: 10.1007/978-3-319-28784-3_22
    as

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