Prvá slovenská investičná spoločnosť, a. s. (The First Slovak Investment Group), established in 1990, was the first company of those currently part of the investment holding company PROXY-FINANCE a. s. to become a first private investment institution in the Czech and Slovak market. This was the first time that even small investors could actively participate in collective investment and privatization. The company succeeded in this plan, making it the third biggest investment fund on the Slovak market.

In the first half of the 1990s, the group began establishing more private financial institutions in the Czechoslovak market, and subsequently the newly-separated Czech and Slovak markets. These institutions were established in areas that either hadn't been well known in our region or were the very first financial institutions of their kind. This process gave rise to the oldest leasing company in Slovakia called B.O.F. Leasing, a. s., to one of the most important non-bank securities traders BH Securities, a. s., to the Czech pension fund Penzijní fond JISTOTA, a. s., and to the Slovak insurance company ERGO poisťovňa, a. s. Just a few years after being established, each of these companies gained a significant market share in their respective market in the Czech and Slovak Republic. After 2000, many of these companies were joined via direct acquisition or mergers with international financial institutions, such as ABN AMRO N.V., the KBC GROUP, the ING group, and the Banca Intesa group. In addition to traditional financial services, since it was established the group has also pursued activities focusing on the restructuring of companies with financial difficulties, the financing of real estate development projects, and trading with receivables, which gradually became a significant part of the group's portfolio.

In January 1993, the Prvá slovenská investičná spoločnosť, a.s. opted to resist pressure from the then Slovak government against press freedom, enabling the SME daily to be established. Thanks to strong trust in top-class journalism, SME soon became the most respected and influential source of news in Slovakia and has been safeguarding democracy in the country since 1993.

We survived the fierce environment of early post-communist capitalism, the oppressive Slovak government, the market consolidation that came with the arrival of foreign banks, as well as the financial crisis - all with a profit.
Our growth is based on private activities, not cooperation with the public sector. The growth of our partners and an ethical approach are of the utmost importance to us.


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