Komerční banka has launched in conjunction with Komerční pojišťovna new payment protection insurance for Profi úvěr FIX business loans. Businesses will feel assured that in the event of an unfavourable situation, they will be able to honour their obligations under their business loans. The policy covers the risk of death, full disability, and long-term incapacity for work of the business owner.

"Until now, we only offered this type of insurance to borrowing individuals. We have received very favourable responses and seen increasing demand on the part of businesses, and therefore decided to offer this product to businesses too. Particularly small business owners, who often experience all income from their business stopping because of incapacity for work, will appreciate this insurance," says Radko Belada, Head of Retail banking Marketing at KB.

The insurance policy that covers Profi úvěr FIX business loans is provided free of charge. It is enough to fill in a health questionnaire. Thus, there is no need for any initial medical examination or other formalities. The limits have only been set for the entry age. The insured person must be at least 18 years old and no older than 60 years. The sum of the entry age and the insurance policy term expressed in years may not exceed 62 years. The policy will remain in effect throughout the term of the loan agreement.

The Profi úvěr FIX business loan has been specifically designed for small businesses, to which it offers quick and easy access to the finances that they need for funding current assets, capital expenditure and operating requirements. The benefits of this loan include complete arrangements within three to five days in an accelerated approval process. Moreover, the bank's current clients who have kept a current account with KB for at least six months can obtain a Profi úvěr FIX without the need to present their income tax return or financial statements. The current rate of interest on the loan is 12.2% p.a.

"Profi úvěr Fix will therefore become a risk-free business loan. The fixed interest rate and annuitised instalments give the business owners the certainty that the level of instalments will be constant while the insurance policy will cover them for the event of health complications. Business owners will appreciate all of this mainly today, when the economic environment is unstable," adds Radko Belada.

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 8,930 employees serve 1,632,000 clients, who can use an extensive network of 397 points of sale throughout the country. Komerční banka currently operates 679 ATMs and more than 958,000 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.