Vladimír Valach

Who was Vladimír Valach?

Doc. Dr. Ing. Vladimír Valach, CSc. was a Slovak diplomat, economist and writer, who significantly contributed to the development of Slovak banking sector and French-Slovak relations.

Vladimír Valach studied at the University of Economics in Prague. Between 1968-1976 he worked as a branch manager of the Czechoslovak commercial bank in Bratislava. Subsequently he held the post of a deputy general director of the Czechoslovak National Bank. In the 1990s, Valach capitalized on his experience in the field of banking and monetary policy, when he was named the first vice-governor of the CNB's Emission bank in Prague. He contributed to the transition process of the Czechoslovak koruna to a currency with internal and later external convertibility, as well as during the separation of currencies after the break-up of the federation and the subsequent creation of Slovak koruna.

In the 1990s he was involved in the creation of the Slovak Guarantee Bank as a first bank of its kind in the ČSFR. He also participated in the creation of Credit Lyonnais Bank Slovakia, became its general manager and at the same time the president of its Board of Trustees. Vladimír Valach was a founding president of the French-Slovak Chamber of Commerce and was able to utilize his positive relation with France in 1997, when he was made the Slovak ambassador in Paris. For his work and contribution to the development of Slovak-French relations he was awarded the title of the Knight of Légion d'honneur of the French Republic. In Slovakia he continued working towards the development of the country's banking sector and at the beginning of the 21st century Valach held the position of the Director of the Slovak Bank Association, which contributed to his position as an expert on Slovak economy. At the same time he dedicated his time to lecturing on diplomacy at the School of International Relations of the University of Economics in Bratislava and literary work.