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. Last Updated: 07/27/2016

Czechs Plan Merger

PRAGUE () -- The Czech National Bank has called for the fast privatization of the state stakes in bank IPB and for merger of savings bank Ceska Sporitelna and Ceskoslovenska Obchodni Banka, an economic daily reported Wednesday.

Hospodarske Noviny said the central bank had already submitted the plan to the cabinet, whose final approval is necessary for such a move.