Moravia banka - administrative proceedings

After assessing the economic situation of Moravia banka, a.s., the CNB Board, with the approval of the Ministry of Finance of the Czech Republic, has decided to exclude Moravia banka, a.s. from the stabilisation programme in which it was included in 1997.

At the same time, it was decided to initiate administrative proceedings against Moravia banka, a.s. to revoke its banking licence, owing to the persisting serious shortcomings in the bank's activities. As part of these proceedings, the Czech National Bank has ordered Moravia banka a.s., through a preliminary measure, not to open new accounts and not to accept deposits from the public on existing accounts, except for deposits from persons with a special relationship to the bank and payments connected with the repayment of the bank's claims.

CNB - M. Švehla