RBI is allowed to take over Czech ING private customers

Czech competition authority has given the go-ahead for the takeover.

Raiffeisen Bank International (RBI) has received the green light from the Czech regulator to purchase ING's private customer business in the Czech Republic. This was announced by the Czech competition authority (UOHS).

The Dutch banking group recently announced that it would sell its private customer business in the Czech Republic and Austria. For RBI this is the second acquisition in the Czech Republic within a few weeks.