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Komercni Banka (01IS)

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Thursday 20 April, 2000

Komercni Banka

Change to Board of Directors

Komercni Banka
19 April 2000


          RADOVAN VAVRA IS ELECTED CHAIRMAN OF THE BOARD AND 
                CHIEF EXECUTIVE OF KOMERCNI BANKA

At the suggestion of the Supervisory Board the Board of Directors of Komercni
banka, a.s. elected today Mr Radovan Vavra as its Chairman.  Before his election
as a member of the Board of Directors last week Mr Vavra was a member of the
Board of Directors and Vice President for Small and Medium-Sized Corporate
Clientele in Citibank a.s.

The Board of Directors also appointed Ms Marie Ruzickova as the new head of the
External Relations section.  Ms Ruzickova was previously employed as the manager
of the financial news team at Czech Radio 1.  In taking up her new position she
replaced Mr Ivo Polisensky.  With effect from today Ms Marie Ruzickova will be
the Press Officer of Komercni banka.