Founded in 1990 as part of the division of the State Bank of Czechoslovakia, Všeobecná úverová banka (VÚB) has grown to become one of the largest banks in the Slovak Republic. Since its privatization in 2001, VÚB has been a member of the major Italian and international banking group, Intesa Sanpaolo. The bank offers a comprehensive portfolio of financial products and services to individual clients, small and medium-sized enterprises (SMEs), and large corporations, including deposits, loans, payment services, investment products, and private banking.