CZECH REPUBLIC & SLOVAKIA

EC gives initial green light for Slovakia to adopt euro as of January 2009

Czech central bank keeps key rate unchanged at 3.75%, as expected

BANKING

CZECH REPUBLIC & SLOVAKIA

Czech National Bank grants banking license to subsidiary of First Czech-Russian Bank

HUNGARY

Hungarian top bank OTP closes USD 41 mln acquisition of Russia’s Donskoy Narodny Bank

Hungarian mortgage lender Korona Kredit doubles value of new contracts to HUF 7.8 bln in ’07

Hungary’s TakarekBank aims to build out country’s largest branch network by 2012

PRESS: Private bank Sal. Oppenheim to open in Hungary, sees EUR 50–60 mln assets by end-08

POLAND

Citigroup’s Polish unit Bank Handlowy Q1 net down 8.8% y/y at PLN 180.1 mln, as expected

PRESS: Italian Unicredit’s Polish unit Bank Pekao inks largest office deal in recent Polish history

Polish bank BPH posts PLN 47.1 mln in Q1 net profits, up 22.1% from PLN 38.9 mln y/y

Polish state-controlled bank PKO BP’s net could rise one-third in 2008, outgoing CEO says

Unicredit’s Polish unit Bank Pekao group posts PLN 1.14 bln in Q1 net, in line with expectations

Polish bank PKO BP beats expectations with PLN 951.2 mln first-quarter net

Polish bank BZ WBK attributes Q1 net profit decrease of 6.7% y/y to high base effect

Commerzbank’s Polish unit BRE Bank beats expectations with PLN 350.8 mln Q1 net

FUNDS

HUNGARY

Hungarian real estate fund assets drop 1.8% m/m in April to HUF 576 bln – fund association

Consortium of private equity firms acquires CEE telecom group GTS Central Europe

POLAND

Polish real-estate investment funds up nearly 23% y/y in May

CALENDAR

CZECH REPUBLIC & SLOVAKIA

Czech Republic – calendar of upcoming events, 09/05/2008

HUNGARY

Hungary – calendar of upcoming events 09/05/2008

POLAND

Poland - calendar of upcoming events 09/05/2008

Nb: This news report features only the headline of each news