Komerční banka

Komerční banka (“KB”) is a major Czech bank and the parent company of KB Group, a member of the Société Générale international financial group.[4] KB is a universal bank providing a wide range of services in retail, corporate and investment banking complemented by specialised financial services produced by KB’s subsidiaries or other SG Group companies. KB Group operates in the Czech Republic and also provides services to corporate clients in Slovakia. It serves more than 1.6 million customers in 399 branches.[4]

Komerční banka a.s.
Public
ISINCZ0008019106 
IndustryBanking
Founded1990
Headquarters
Prague
,
Czech Republic
Key people
Jan Juchelka (CEO)[1]
ProductsFinancial services
Revenue32,573,000,000 Czech koruna[2] (2019) 
CZK 31 billion (2017)[3]
CZK 15.3 billion (2017)[3]
Total assets CZK 1004 billion (2017)[3]
OwnerSociété Générale (60%)
Number of employees
8,492 (2017)
Websitewww.kb.cz

All of the services are accessible through the dense network of KB branches, its own distribution network, and on-line services, such as internet banking.

Service for corporate clients of Komerční banka is provided by two segments, usually according to annual turnover (sales) and number of products used. Companies with turnover from CZK 60 million to 1500 million are generally served by the Corporate sales centers. Clients with a higher turnover are usually served by the Top Corporations divisions, which are located in Prague, Brno and Bratislava.

History

The bank was founded in 1990[5] following separation of commercial activities from the former Státní banka československá (State Bank of Czechoslovakia). In 1992, the bank was partially privatized in voucher privatization.

In 2001, the state’s 60% holding in Komerční banka was purchased by Société Générale.[6] Following privatization, KB began significantly to develop its activities for individual customers and entrepreneurs, in addition to building on its traditionally strong position in the enterprises and municipalities market.

In 2014 the Komerční banka signed a partnership with the National Gallery in Prague.[7]

Sponsoring

Komerční banka has been a partner of institutions, projects and events of society-wide importance for many years. It focuses on culture, non-professional sport and education. Support for Czech culture is the main area of the bank’s sponsorship. Komerční banka has been the general partner of the National Theatre, the most important Czech theatrical institution, for more than ten years. The bank has been supporting the French Film Festival for the same time. Since 2014, it has also been a partner of the National Gallery in Prague.[8]

Komerční banka Jistota Foundation

The Jistota Foundation has been supporting projects in the areas of social and health care services for over 20 years while focusing on senior citizens and children. In 2014, it supported 99 projects, mainly through financial support from the Bank and its associated companies but also thanks to employee initiatives. In addition to their donating money, the employees also constitute the Foundation’s management and supervisory boards. The Foundation’s donations in 2014 exceeded CZK 9 million.[9]

Awards

In 2004, 2005 and 2007 Komerční banka received the Bank of the Year Award from the Mastercard company.[10]

The Best Bank of the Year 2017 in the Czech Republic was Komerční banka.[11]

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See also

References
  1. https://www.marketscreener.com/KOMERCNI-BANKA-A-S-6492099/pdf/839615/Komercni%20banka,%20a.s._Annual-Report.pdf
  2. https://www.kb.cz/getmedia/31d9986a-cc6e-48e3-aa4d-96346a1b7f50/KB-financial-statements-4Q-2019.xlsx.aspx; financial statement; retrieved: 22 February 2020; publication date: 6 February 2020.
  3. Bank Profile: Komerční Banka
  4. "Société Générale Group | SGEF". www.equipmentfinance.societegenerale.cz. Retrieved 2018-12-20.
  5. "Komercni Banka A.S." MarketWatch. Retrieved 2018-12-19.
  6. Green, Peter S. (2001-06-29). "Czechs Pick French Bid For Control Of Big Bank". The New York Times. ISSN 0362-4331. Retrieved 2018-12-20.
  7. "Národní galerie Praha". www.ngprague.cz. Retrieved 2019-12-28.
  8. "Národní galerie Praha". www.ngprague.cz. Retrieved 2018-12-19.
  9. "Annual Report 2014" (PDF). companyreporting.com. Retrieved 2018-12-20.
  10. SuperKodéři (info@superkoderi.cz), HTML by (2007-11-01). "The Bank of the Year Awards were once again held at the Prague Crossroads". Vize 97 (in Czech). Retrieved 2019-12-28.
  11. Limited, v6 Ventures. "Komerční banka named Bank of the Year | Prague TV - Living Like a Local! Jobs, News, Lifestyle and More ..." prague.tv. Retrieved 2019-12-28.


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