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Komerční banka Bratislava successfully migrates to the euro

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Friday, 1/2/2009

Bratislava, 2 January 2009 – Komerční banka Bratislava, a fully-owned subsidiary of Komerční banka, successfully migrated to the single currency, euro (EUR), on 1 January 2009. Accounts of Komerční banka Bratislava’s clients maintained in the Slovak crown (SKK) were automatically converted to the euro as from 1 January 2009 at the declared rate of exchange of SKK 30.1260/EUR. The Bank is ready to provide all services in standard mode via its business centers or electronic banking.

Komerční banka Bratislava’s seamless migration to the new currency, euro, is also very important for Komerční banka in the Czech Republic because the two banks use the same centralised banking system. "Thanks to the experience in Slovakia, Komerční banka in the Czech Republic is also prepared, for this moment, for migration to the euro to a large extent," says Martin Kadorík, head of operations support. The future percentage of the usability of the adjustments for the euro conversion will decrease proportionally with the time until the adoption of the euro in the Czech Republic.

Cash money in Slovak crown could be exchanged into eurocash at Komerční banka Bratislava until 19 January 2009 for free, starting 20 January 2009 according to price listof the Bank.

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