Liberalisation and development of the Czech financial sector: more to come [79 KB]
(Country Focus. 12. December 2007.
Brussels. 16pp. )
The Czech financial sector has changed dramatically since transition. In fifteen years, it has developed from a state-owned mono-bank into a privatised bank-based financial system with developing capital and private equity markets. This country focus analyses the development of the financial sector including its impact on economic growth. While the sector has advanced considerably in scale and efficiency, there is clear room for further development to support future growth.