Komerční banka has prepared a special offer for individuals who have suffered damage caused by recent floods. Without any penalty, the afflicted persons can terminate their term deposits and saving accounts early, apply for an individual payment schedule for the loans on which they are drawing, or draw on new Flood Loans under more advantageous conditions.

"Direct savings of money and the opportunity to obtain a more advantageous loan effectively help to deal with the damage caused by natural elements," says Radko Belada, head of Retail Banking Marketing at Komerční banka.

The KB Flood Loan is a special form of the Personal Loan. Individuals hit by the floods can draw on any-purpose consumer credit of CZK 30,000 to 250,000 with a maturity of up to six years. Unlike the standard form of consumer credit, applicants for Flood Loans do not pay any fees for loan processing or administration. Moreover, they will be granted an interest rate lower by 2,5 of a percentage point in comparison with the standard offer. Komerční banka's current clients as well as new clients can apply for a Flood Loan.

For its current clients afflicted by the floods, Komerční banka has prepared assistance in two forms. Clients who have deposited money with KB in term deposits can withdraw their savings early for dealing with flood damage, without any penalties or charges. Clients who are repaying a loan provided by Komerční banka can apply for a restructuring of their payment schedule. As part of the special offer, Komerční banka will allow lower instalments or a temporary interruption in repayment, also without any penalties or charges. KB is also considering the options for helping the municipalities that have been hit by the floods.

"Social responsibility is very important for Komerční banka. In addition to the long-term support provided through the Nadace JISTOTA foundation, we perceive help in emergencies such as the current floods as our duty," adds Radko Belada.

The special offer for individuals hit by the floods is open from 8 July 2009 to 31 December 2009. Clients can obtain more information at any Komerční banka branch, KB's toll-free information line 800 521 521, and at www.kb.cz.

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.