Komerční banka

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Komerční banka
Public
Industry Banking
Founded 1990
Headquarters Prague, Czech Republic
Key people
Albert Marie Le Dirac´h (CEO)[1]
Products Financial services
Increase CZK 30.6 billion (2014)[2]
Increase CZK 12.9 billion (2014)[2]
Total assets Increase CZK 953.26 billion (2014)[2]
Number of employees
7,624 (2014)
Website www.kb.cz

Komerční banka, a.s. (“KB”) is the parent company of KB Group and is a member of the Société Générale international financial group. 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. Long-term partnerships with clients, high-quality advisory, a comprehensive range of value-added products, advanced direct banking and proximity to the clients are KB’s strong competitive advantages. KB Group operates in the Czech Republic and also provides services to corporate clients in Slovakia.

Komerční banka is a major bank in the Czech Republic. It serves more than 1.6 million customers in 399 branches.

The bank was founded in 1990 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. 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.

All of the services are accessible through the dense network of KB branches, its own distribution network, and thanks to modern, on-line services, such as direct 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.

Sponsoring[edit]

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.

Komerční banka Jistota Foundation[edit]

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.[citation needed]

See also[edit]

References[edit]