In 1999 was issued the state approval for public benefit corporation providing tertiary education in the Czech Republic. Since 2009 full university status has been granted by the Accreditation Committee of the Czech government. The University of Finance and Administration (Czech original name - Vysoká škola finanční a správní o.p.s.) was founded by the Bank Academy and Czech Coal Group in 1999 and was one of the first private business schools in Czech republic. - The VSFS partner for organizing and implementation of MBA & BSBA programs is City University of Seattle, USA. MBA program BSBA program Director Ing. Josef Švec Director Mgr.