(Bloomberg) -- KBC Groep NV's Czech unit asked a
Paris arbitration panel to rule on its 1.7 billion-koruna ($80
million) claim against the Czech state, saying the sum is part of
guarantees it received after it took over a failed bank in 2000.
Ceskoslovenska Obchodni Banka AS, the Czech Republic's
biggest lender by assets, filed the arbitration claim against the
Czech Finance Ministry in Paris last week, said Obchodni spokesman
Milan Tomanek and Finance Ministry spokesman Ondrej Jakob in phone
interviews today.
Read more at Bloomberg Emerging Markets News
Paris arbitration panel to rule on its 1.7 billion-koruna ($80
million) claim against the Czech state, saying the sum is part of
guarantees it received after it took over a failed bank in 2000.
Ceskoslovenska Obchodni Banka AS, the Czech Republic's
biggest lender by assets, filed the arbitration claim against the
Czech Finance Ministry in Paris last week, said Obchodni spokesman
Milan Tomanek and Finance Ministry spokesman Ondrej Jakob in phone
interviews today.
Read more at Bloomberg Emerging Markets News
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