CZECH NATIONAL BANK GRANTS ITS FIRST LICENCE TO A BRANCH OF A BANK REGISTERED OUTSIDE THE EU
Prague, 22 May 2017 – In early May, the Czech National Bank granted its first ever licence to a branch of a bank with its registered office in a non-EU country. The bank is Industrial and Commercial Bank of China. From the perspective of the Financial Market Guarantee System, this is the only branch of a bank that does not have its registered office in the Czech Republic but is governed by the Czech deposit insurance system.
Notification to clients of ERB Bank, a.s.: The Financial Market Guarantee system will start the payout of basic compensation for deposit claims on 20 October 2016 through selected branches of Česká spořitelna, a.s.
Prague, 17 October 2016 – On 20 October 2016, the Financial Market Guarantee System (hereinafter the “Guarantee System”) will start the payout of compensation for insured deposits to clients of ERB bank, a.s., with its registered office at Štefánikova 78/50, 150 00 Prague 5, Company ID No. 284 28 943, through selected branches of Česká spořitelna, a.s.