Československá obchodní banka

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Československá obchodní banka, a.s.
IndustryFinancial services
HeadquartersPrague, Czech Republic
Bratislava, Slovakia
Number of locations
235 branches + Czech post offices
Area served
Czech Republic, Slovakia
Key people
John Arthur Hollows (CEO)
ProductsBanking, insurance, asset management, pension funds, leasing and factoring
RevenueCZK 37.102 billion (2018)[1]
CZK 15.757 billion (2018)[1]
Total assetsCZK 1,378.038 billion (2018)[1]
OwnerKBC Bank
Number of employees
8,318 (2018)[1]
ParentKBC Bank
The administrative building of the Československá obchodní banka in Prague – Radlice by Josef Pleskot

Československá obchodní banka, a.s. (ČSOB) is one of the largest commercial banks operating in the Czech Republic.[2] It is a universal bank that offers a full range of banking services to individuals and companies. It operates 280 ČSOB branded branches, and 3,300 Česká pošta (Czech postal company) branches under the brand name Poštovní spořitelna.

The bank is owned by Belgium-based KBC Bank. Until 2008 ČSOB also operated in Slovakia, but in 2008 a new company Československá obchodná banka, a.s. (ČSOB Slovakia) was created under direct control of KBC Bank. Czech ČSOB holds a 47% minority stake in Slovak ČSOB. Since 2011, the bank has sponsored the Czech ice hockey club HC Pardubice, which took the name HC ČSOB Pojišťovna Pardubice.[3]


ČSOB was established in 1964 in the former Czechoslovakia as the sole bank providing foreign trade, financing and convertible currency operations. 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.[4] Later, in 1999, KBC bought a further 16.63% stake from the National Bank of Slovakia. At the same time the European Bank for Reconstruction and Development purchased 7.47% from the NBS.[5]

Prior to acquiring its bankrupt competitor Investiční a poštovní banka in 1999, ČSOB was the fourth-largest bank in the Czech Republic. The acquisition of Investiční a poštovní banka, at the time the third-largest Czech bank, brought an additional 3.3 million customers and a network of 179 branches.[6]

Since 1 July 2008 ČSOB Slovakia has begun to merge with Istrobanka following the latter's acquisition by KBC.

In November 2009, KBC announced a plan to float 40% of ČSOB on the Prague Stock Exchange the following year.[7]

ČSOB Group[edit]

ČSOB Group is one of the largest financial institutions in the Czech Republic. From 1 January 2013 KBC Group's core market activities have been arranged in three business units: Belgium, the Czech Republic and International Markets.

The structure of ČSOB Group[1]
Subsidiary Share of ČSOB, a.s. Description
Hypoteční banka, a.s. 100 % Mortgage bank
Poštovní spořitelna, a.s. 100 % Retail bank
ČSOB Stavební spořitelna, a.s 100 % Building society
Patria Finance, a.s. 100 % Prime broker
ČSOB Asset Management, a.s. 100 % Investment banking
ČSOB Penzijní společnost, a.s. 100 % Pension fund
ČSOB Pojišťovna, a.s. 0.24 % Insurance company
ČSOB Leasing, a.s. 100 % the largest leasing company in Czech Republic[2]
ČSOB Factoring, a.s. 100 % Factoring company
Burza cenných papierov v Bratislave, a.s. 11.77  % Stock exchange
Top-Pojištění.cz s.r.o. 100  % Broker of insurance companies
Ušetřeno.cz, s.r.o 100  %

Financial data[edit]

Financial data of ČSOB Group for period since 2010, billions Kč
Year 2010[8] 2011[8] 2012[8] 2013[9] 2014[9] 2015[9] 2016[1] 2017[1] 2018[1]
Net profit 13.471 11.172 15.291 13.658 13.604 14.010 15.141 17.517 15.757
Total assets 885.055 936.593 937.174 962.954 865.639 956.325 1085.527 1315.590 1378.038
Clients, mln 3.078 (bank) 3.096 (bank) 3.054 (bank) 2.947 (bank) 2.855 (bank) 2.831 (bank) 3.672 3.668 3.635


  • Československá obchodní banka, a.s., Radlická 333/150, 150 57 Prague, Czech Republic
  • Československá obchodná banka, a.s., Michalská 18, 815 63 Bratislava, Slovakia


  1. ^ a b c d e f g h "Výroční zpráva 2018" (PDF). csob.cz (in Czech). 26 April 2019.
  2. ^ a b Czech Top 100 – Finanční instituce
  3. ^ "Hokejový klub má nový název: HC ČSOB POJIŠŤOVNA PARDUBICE" (in Czech). HC ČSOB Pojišťovna Pardubice. 8 June 2011. Retrieved 10 June 2011.
  4. ^ Radio Prague: Economic report
  5. ^ EBRD sells its shares in Czech-based CSOB to KBC
  6. ^ CSOB acquires IPB's business
  7. ^ KBC sets out large-scale divestment program to EC
  8. ^ a b c "Výroční zpráva 2012" (PDF). csob.cz (in Czech). 29 April 2013.
  9. ^ a b c "Výroční zpráva 2015" (PDF). csob.cz (in Czech). 28 April 2016.

External links[edit]