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European Commission approves KBC's acquisition of Slovakian bank

The European Commission has cleared the way for Belgian banking and insurance group KBC to acquire the Slovakian bank 365.bank.

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Brussels Approves Sale of 365.bank. Owner of čSob Buys It for 761 Million

The European Commission has approved the plan of the Belgian banking and insurance group KBC to take over the Slovak 365.bank. It announced this today on its website. KBC, which owns Československá obchodná banka (ČSOB), agreed in May to buy a majority stake in the Slovak 365.banka from the Prague-based J&T Finance Group (JTFG) holding. The purchase price was set at 761 million euros. Banks earn more despite the special tax. They increased thei…

1 day ago·Bratislava Region, Slovakia

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