Important Announcement

14. 5. 2021

Declaration for customers of Equa bank regarding the sale of Equa Group

Declaration for customers of Equa bank regarding the sale of Equa Group to Raiffeisenbank

Dear Customers and Business Partners,

Allow us to provide you with up-to-date information on the sale of Equa Group to Raiffeisenbank.

As of today, 14 May 2021, the Czech National Bank has granted consent to the acquisition of Equa bank by Raiffeisenbank; along with the consent of the Office for Protection of Competition, all fundamental conditions for the transaction are now fulfilled. Implementation of steps already agreed between shareholders of both banks, transfer of shares, and preparation for the actual legal merger of both companies will ensue.

A precise date of the merger of both banks is not known at this point. We expect products and services to be finally consolidated during 2022.

All our products and services continue to be provided by default and without any changes. All our branches, bankers, and the Customer Centre are also widely available for our customers and business partners.

We continue to provide the full range of our products and services pursuant to the valid terms and conditions and prices, and we are fully prepared to welcome both existing and new customers to our state-of-the-art on-line environment and our branches. Provision of quality banking products and services with a high added value for our customers continues to be our top priority.

All agreements and obligations remain valid, and your deposits are insured, as required by law, indeed.

We would also like to assure you that in the case of any change of the terms and conditions of provision of our products and services, we will inform you at a reasonable notice as so far.

We firmly believe that business synergies of both banks will bring a whole range of new opportunities and benefits to our customers in future.

Our employees are fully at your disposal and are ready to answer any additional questions you may have at the telephone of the Customer Centre or in our branches.

Sincerely, Equa bank

 

Contact details:

Customer Centre

Tel.: +420 222 010 222

Email: klientske.centrum@equabank.cz

 

Branches of Equa bank:

www.equabank.cz/pobocky

 

Kateřina Petko

Head of PR and Internal Communication of Equa bank a.s.

Email: katerina.petko@equabank.cz

Mobile telephone: +420 606 070 994