Peter Krutil will become the new management board chairman at Slovenská sporitelna a.s. as of Jan. 1, 2018, news agency TASR reported July 31.

He will replace Štefan Máj, who will remain in the post until then, it added.

Krutil currently serves as the lender's management board deputy chairman responsible for corporate banking, according to the report.

Erste Group Bank AG is the ultimate parent of Slovenská sporitelna.