Latest articles from Czech Republic

Light at end of the tunnel over Czech IPB fiasco

September 4, 2006

After six years of bitter legal wrangling over who was to blame for the downfall of the once mighty IPB bank, Nomura Securities and the Czech government may be about to bury the hatchet. Robert Anderson recounts the acrimonious tale.

Czech Republic

January 2, 2006

Ceska Sporitelna
Jack Stack, CEO

ERM II stirs up Prague’s quiet man

August 2, 2004

Sitting over lunch within view of Prague’s landmark Charles Bridge, Zdenek Tuma, the 44-year old Czech central bank governor, uncharacteristically lets rip.
“Two years is a nonsense, yes a nonsense!” he exclaims, speaking about the need for the Czech koruna to join the Exchange Rate Mechanism II (ERM II) for 24 months in order to ultimately join the euro.
He is not alone in his dislike of this condition of entry. Many other accession country central bank governors share his views.

We love you, we love you not

April 5, 2004

Personal customers in the Czech Republic and Poland have mixed feelings towards the foreign banks that dominate their financial services industries,a new survey shows. Michael Imeson reports.

Auctions fuel growing distressed debt market

February 3, 2004

The Czech Republic’s distressed debt market is burgeoning. If insolvency law and other legal obstacles are addressed, banks could begin to extend new loans with confidence, says Robert Anderson.

Join our community

Global Risk Regulator

The Banker on Twitter

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.