ARTICLE
29 April 1996

Czech News - Mar 96 - Act on Banks

Czech Republic Antitrust/Competition Law
The Czech National Bank announced that the new Bank Act is likely to be issued at the end of this year or in the first quarter of 1997 at the earliest, since there is no reason to do so at present. The proposed Act would introduce tighter conditions for granting of banking licences in order to protect savings. It would also introduce conditions for Czech banks being licensed to provide their services in the EU.

The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.

For further information contact Paul Antrobus or Richard Fletcher, Arthur Andersen Prague, Tel +42 2 2440 1300, or enter a text search 'Arthur Andersen' and 'Business Monitor'.

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