 After 1989, ČSOB expanded its activity to include services for entrepreneurs and for individuals.A major milestone in ČSOB's history was its privatisation in June 1999, when the Belgian KBC Bank (a member of the KBC Group NV) bought a 66% majority stake from the Czech government for 40 billion CZK.Later, in 1999, KBC bought a further 16.63% stake from the National Bank of Slovakia.