In the first half of this year the Czech Government made a privatisation decision about a direct sale of the state stake in Komerční banka. Based on an agreement concluded between the National Property Fund and Société Générale all terms necessary for the completion of the privatisation process have been met. On Monday, 8 October, a KB general meeting will take place, at which the investor will take over the ownership of the bank. The NPF, CNB and MF have prepared agreements aimed at minimising the effects on the exchange rate of the koruna.

Alice Frišaufová, CNB spokesperson

Jana Vargová, MF spokesperson

Jana Víšková, NPF spokesperson