Československá obchodní banka, a. s. is a universal bank operating in the Czech Republic. CSOB was established by the state in 1964 as a bank to provide foreign trade financing and convertible currency operations. It was privatized in June 1999 when KBC Bank, a member of Belgium’s KBC Group, became the majority owner. CSOB took over Investicní a Poštovní banka, a.s. in June 2000. CSOB had been active in both Czech and Slovak markets until 2007; the Slovak branch was separated as of 1 January 2008.
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