The cross-border merger by acquisition between Komerční banka and Komerční banka Bratislava took effect on 31 December 2010, with Komerční banka becoming the acquiring company. Komerční banka has obtained all the required consents and approvals, including the Czech National Bank’s approval, for this cross-border merger. At the same time, with effect from 1 January 2011 a branch of Komerční banka, a.s. in the Slovak Republic was established.

Since 1 January 2011, Komerční banka has therefore been providing services in the Slovak Republic through its organisational component under the name “Komerční banka, a.s., pobočka zahraničnej banky”, thereby successfully continuing in the process of changing its business strategy in the Slovak Republic.

The purpose of the latest changes on the Slovak market is to bring about a tangible improvement in the quality of the services for corporate clients by fully using the synergies offered by participation in the KB and Société Générale Group. Thanks to them, Komerční banka is able to offer this customer segment in Slovakia truly comprehensive services, ranging from current, short-term and long-term financing, acquisition and structured financing, and advice on company acquisitions/disposals, through to specialised financing of vehicle fleets and equipment.

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 395 points of sale throughout the country. Komerční banka currently operates 676 ATMs and 989,000 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.