The last truly Czech bank disappears

Ebanka, the decade old Czech bank has finally cased to exist, after completing its merger with Austrian Raffeisenbank. The bank was bought in 2006, and then began a long process of integration with that company, which was officially completed today. However, nostalgic clients will still be able to find Ebanka banks for a few more weeks until the rebranding exercise is completed. All major Czech banks are now majority-owned by foreign companies.