Komerční banka together with Modrá pyramida have been successful in a tendering process organised by Státní fond životního prostředí (SFŽP, State Environmental Protection Fund) for the distribution of subsidies under the Zelená úsporám [Green for Savings] scheme.

The Czech Republic has obtained the funds for supporting the Green for Savings scheme by selling its surplus emission allowances to countries that have not been successful in performing their obligations under the Kyoto Protocol. The proceeds from these sales are to amount up to CZK 25 billion between 2009 and 2012. These proceeds will be SFŽP's income and the Fund will provide the whole amount to applicants for subsidies in the form of 'non-refundable financial assistance'.

"After the launch of the scheme for authorised banks, Komerční banka will distribute the key information to applicants, collect and process their applications, and disburse subsidies to applicants," says Radko Belada, head of retail banking marketing at KB. "The bank will also offer special types of loan to applicants to help co-finance their investment," adds Radko Belada.

The subsidies will be granted for support of the use of renewable energy sources and energy savings in the area of housing. The Green for Savings scheme permits owners of family houses and residential buildings to use subsidies for the following purposes:

  • Savings of energy for space heating in residential buildings
  • Building of properties meeting the passive energy standard
  • Use of renewable energy sources for space heating and water heating (installation of solar thermal collectors, biomass boilers, and heat pumps)
  • Selected combinations of measures

Komerční banka is one of the best run universal banks in Central Europe. It provides comprehensive services to clients in the areas of retail, corporate, and investment banking. The Komerční banka Group's 8,804 employees serve 1,629,000 clients, who can use an extensive network of 394 points of sale throughout the country. Komerční banka currently operates 673 ATMs and more than 951,000 of its clients use one of direct banking channels.

Komerční banka is part of the Société Générale Group, one of the largest banking groups in the euro zone (in terms of market capitalisation), whose 163,000 employees serve more than 30 million individual clients worldwide.