Czech banks hit as central bank ends paying interest on reserves

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PRAGUE, Sept 8 - Komercni Banka, the Czech Republic's third-biggest bank, said on Friday it expected to see a material impact from the Czech National Bank's decision to stop remunerating required minimum reserves, as the banking sector braced for the change.

Komercni Banka said its stipulated amount of required minimum reserves for the current maintenance period stood at approximately 19.6 billion Czech crowns .

 

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