Detail

Prague, 17 October 2005 - MAX 5 is another guaranteed fund in Komerční banka's offering. MAX 5 is a global guaranteed fund that enables clients to share in the growth of equity markets with a 100% guarantee of the return on investment on the day of the fund's maturity*. Max 5 - global guaranteed fund is intended for investors of conservative inclinations, who want to participate in the yields offered by equity markets but do not want to undertake the risk associated with investment in equity instruments.

"A return of at least 100%* of the investment is guaranteed on the day of the six-year fund's maturity. Clients therefore have an opportunity to participate, without any risk, in the development of the world's capital markets. Guaranteed funds are a very popular investment instrument with Komerční banka's clients. Our clients have invested more than CZK 2.6 billion in the Max funds so far," explains André Léger, KB Executive Direktor, Marketing.

"Like with our earlier Max guaranteed funds, the yield from Max 5 is not limited in any way. On the day of the fund's maturity the client will receive the highest of the following three alternative values. The investment's current market value on the day of the fund's maturity, 85% of the highest value achieved during the fund's life, or at least 100%* of the amount invested. One of the main advantages is that the guaranteed value is derived from the maximum price achieved for the fund's unit," adds Pavel Hoffman, IKS KB Vice-Chairman.

A novelty on the Czech market of guaranteed funds is the option for an early redemption of the units, at a part of the guaranteed value (for example, in respect of redemption in the fourth year the client is guaranteed to receive 70% of the highest value of the fund's unit, however, at least 85% of the investment).

The minimum investment is CZK 10,000, and the nominal value of a unit is one crown. The period of subscription to the fund is from 10 October to 12 December 2005 and the fund's life is six years + a two-month subscription period.

Units of MAX 5 - global guaranteed fund can be bought at 339 KB branches, and using the Expresní linka phone banking channel or the Mojebanka internet banking channel.

* Net of the entry fees.

You can obtain the statutes of the fund and additional information on the Max 5 - global guaranteed fund and other IKS KB, a.s. products at all KB branches, at KB's websites www.kb.cz and www.iks-kb.cz and at the toll-free info line 800 111 166.

Komerční banka is the third largest bank in the Czech Republic in terms of total assets. It provides comprehensive services to clients in the areas of retail, corporate, and investment banking. Komerční banka's 7,400 employees serve more than 1,400,000 clients, who can use an extensive network of 339 points of sale throughout the country. Komerční banka operates almost 583 ATMs and 770,000 of its clients use one of direct banking channels.
In 2004, Komerční banka was elected "Bank of the Year". Komerční banka is part of the Société Générale group, the fifth largest banking group in the euro zone, whose 92,000 employees serve 17 million clients all over the world.