Merger of eBanka, a.s. and Raiffeisenbank a.s.

The CNB’s decision of 16 May 2008, in which the CNB granted consent in joint administrative proceedings regarding the winding-up of eBanka, a.s. without liquidation and its merger with Raiffeisenbank a.s., took effect on 20 May 2008.

The administrative proceedings were launched on 21 February 2008. It was found during the proceedings that both banks fulfilled the conditions necessary for granting prior consent:

concerning the decision of the General Meeting on the winding-up of eBanka, a.s. and its merger with Raiffeisenbank a.s., and
concerning the merger of Raiffeisenbank a.s. and eBanka, a.s.

Thus, the CNB issued the aforementioned decision and approved the merger of the banks within the period stipulated by law.

The merger will take legal effect upon entry in the Companies Register, which should occur in the third quarter of this year according to the successor company Raiffeisenbank a.s.

Prague, 20 May 2008

Pavlína Bolfová, CNB spokesperson

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