Komerční banka also registered a steeper increase in payments from Chinese importers than in payments for Chinese exports to the Czech Republic in respect of non-documentary payments this year. In comparison with 2009, the volume of incoming payments over January to November 2010 almost tripled from CZK 399 million to CZK 1,094 million. Payments for locks and central locking systems account for more than one half of this volume. Outgoing payments for January to November 2010 increased by 100% compared with 2009, from CZK 4,619 million to CZK 8,556 million. More than 40% of these payments are those for deals in photovoltaic and the development of photovoltaic power plants. Jana Švábenská, Executive Director for Operations at Komerční banka, comments on the payments with China: “The door is open for our clients at our sister bank SG China. In addition to SG China, which focuses on trade finance and has branches in the main business centres of the country, we also work, naturally, with the largest banks on the Chinese market. With one of them, Industrial and Commercial Bank of China, we have just agreed on mutual support for our clients in China and the Czech Republic.”
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 8,624 employees serve 2.7 million clients, who can use an extensive network of 393 points of sale throughout the country. Komerční banka currently operates 675 ATMs and 996,000 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 157,000 employees serve more than 32 million individual clients worldwide.