Wednesday, July 23, 2008

Forex dealers Akcenta, CITCO acquire credit unions.

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Forex dealers Akcenta, CITCO acquire credit unions. The country’s largest forex dealers Akcenta CZ and CITCO Financni Trhy have acquired two credit unions, daily Hospodarske Noviny informs. Akcenta CZ took over Vinohradska Vzajemna Druzstevni Zalozna, which name will be changed to Akcenta, Sporitelni Uverove Druzstvo and which will start operations as of end-year. CITCO Financni Trhy has gained control over credit union Prague Credit Union (PCU), which is to launch operations as of next year. The objective of the acquisitions is to attract clients and provide banking services – accounts management, domestic and foreign payments, deposits services, financing, to clients whom the two companies at present cannot service under their forex trading licence. For the time being Akcenta CZ and CITCO Financni Trhy do not plan to establish banks of their own.

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Forex dealers Akcenta, CITCO acquire credit unions.

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