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Komerční banka and KB Group in 2008
KB is a universal bank providing a wide range of services in retail, corporate and investment banking. Member companies of Komerční banka Group provide additional specialised financial services - such as pension fund and building society schemes, factoring, consumer lending and insurance - accessible through KB’s branch network, its direct banking channels, and the subsidiaries’ own sales networks.
The Bank’s almost 1.63 million clients can access its banking services through 394 branches and using 673 ATMs across theCzechRepublic, as well as via internet, telephone and mobile phone banking channels. The Bank’s branch network includes 20 specialised business centres designed for medium enterprises and municipalities, as well as 4 centres dedicated to large corporations.
The other KB Group companies also are trusted names. Modrá pyramida serves almost 747,000 clients, while Penzijní fond KB has registered more than 491,000 participants in its pension schemes. The number of active clients at the consumer finance company ESSOX rose to 226,000 during 2008. Through Komerční bankaBratislava, the Group is also active on the Slovak banking market.
The average number of employees within KB Group reached 8,804 during 2008.
Komerční banka’s credit rating was in some cases higher than that of theCzech Republicitself, which reflects the Bank’s capital strength, excellent liquidity and healthy management. As of the end of 2008, KB’s long-term ratings stood at A1 in foreign currency and Aa3 in domestic currency from Moody’s Investors Service, A+ from Standard & Poor’s (A from March 2009), and A+ from Fitch Ratings. Penzijní fond KB held a national-scale rating of Aa1.cz from Moody’s Investors Service, which is the highest possible rating for a pension fund in theCzech Republic.
Société Générale Group
Komerční banka has been a part of Société Générale Group since October 2001. Société Générale Group is one of the largest financial services groups in the euro zone. The Group employs 151,000 people worldwide in three keybusinesses:
- Retail Banking & Financial Services: Société Générale serves more than 30 million individual customers worldwide.
- Global Investment Management & Services: As of December 2008, Société Générale was one of the largest banks in the euro zone as measured by assets in custody (EUR 2,560 billion) and under management (EUR 336 billion).
- Corporate & Investment Banking: Société Générale ranks among the leading banks worldwide in euro capital markets, derivatives and structured finance.
Société Générale is included in three socially responsible investment indices: FTSE, ASPI and Ethibel.
Komerční banka represents an important part of Société Générale Group’s retail banking business.
