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REFILE-Czech central bank says bans ERB Bank from taking deposits and providing loans
March 9, 2016 / 9:34 AM / 2 years ago

REFILE-Czech central bank says bans ERB Bank from taking deposits and providing loans

(Corrects day in lead paragraph to Wednesday from Tuesday)

PRAGUE, March 9 (Reuters) - The Czech central bank said on Wednesday it had banned the small ERB Bank, which focuses on business with Russia, from taking deposits and providing loans, pending regulatory actions.

The bank said the decision was taken to avoid losses in case the bank’s position deteriorates. (Reporting by Jan Lopatka)

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