Investiční kapitálová společnost KB contributes CZK 100,000 to the floods account of People in Need

Press release

9/1/2010
8:00 AM

IKS KB has sent a financial gift of CZK 100,000 to the floods account of Člověk v tísni [People in Need], a charitable organisation. The contribution is intended to help combat the after-effects of the recent flash floods in the northern parts of the Czech Republic.

“We welcome the existence of organisations such as Člověk v tísni, and deeply respect their activity. The day-to-day commitment of both employees and volunteers, and the relief for the afflicted people, would not be possible without finances, which should be contributed by inhabitants of the Czech Republic as well as the companies that operate in this country. We are proud that our company can also be a part of this,” said Pavel Hoffman, Vice-Chairman, Investiční kapitálová společnost KB, a.s.

“In these difficult situations such as flash floods, people only have time to run for dear life and certainly have no time to save their possessions. This year’s floods in the northern parts of Bohemia hit more than 2,500 families, which is more than in 2009. Paradoxically, however, this year’s public collection amounts to less than last year, which is logical because this was the third flood episode within a relatively short interval of time. And I am therefore pleased that a number of companies are helping us to expand the public collection of money, for example, IKS KB, for which I would like to extend heartfelt thanks. Thanks to these donors and thanks to the public, as early as last week we were able to begin detailed monitoring of the families whom we will subsequently support financially,” added Igor Klimeš of Člověk v tísni.

Investiční kapitálová společnost KB, a.s. (IKS KB) has been operating in the collective investment market since the early 1990s. IKS KB was founded by Komerční banka, a.s. (KB) on 1 May 1994 as its wholly-owned subsidiary that became the legal successor of Investiční kapitálová společnost KB, spol. s r.o. founded in 1991.

On 1 January 2010 IKS KB became a part of an international asset management group, Amundi Group (Amundi), which was established by a merger of Société Générale Asset Management and Crédit Agricole Asset Management.

The core business of IKS KB is the establishment and management of investment funds and unit trusts, collective investment in 27 open-ended unit trusts managed by IKS KB. The number of IKS KB’s clients has recently increased to more than 175,000. They include individuals, legal entities, and also municipalities. KB’s distribution network of 395 branches throughout the Czech Republic and also a network of selected external dealers sell and redeem units for IKS KB.