Industry minister calls for resignation of head of state export bank

Czech Minister of Industry and Trade Jan Mládek has called on the head of the state bank for promoting exports to immediately resign. Mládek said in news release Wednesday that the head of the Czech Export Bank, Jiří Klumpar, had overstepped his managerial competences. The minister added in a news release Wednesday that instead of getting to grips with problems at the bank, Klumpar had proposed that a new bank be created out of part of the existing institution without consulting anyone else about such a move. Mládek said he should resign before the bank’s supervisory board kicked him out. The export bank has been investigated by police in connected with suspect loans made in particular to Russian companies.

Author: Chris Johnstone