Brussels, 19/07/2004 (Agence Europe) - The Commission has decided not to embark on a formal investigation of a raft of measures notified by the Czech government on Investicni a postovni banka a.s. (IPB) Ceskoslovennska obchodni banka a.s. (CSOB), on the grounds that they are not applicable after accession.
From 1994 to 1998, difficulties in the Czech banking sector led the government to take a number of measures to safeguard and restructure several banks with a view to their privatisation....