Komerční banka expands its range of products and services for companies trading between the Czech Republic and the Russian Federation

Press release

9/10/2012
8:00 AM

Komerční banka offers a broad range of products and services to companies trading with Russia. A special current account, Ruská platba [Russian Payment], enables the clients to receive incoming and make outgoing payments under more advantageous terms and conditions. In addition, clients who open this account before 31 December 2012 will have it kept free of charge until 30 June 2013. On the Russian side, KB’s partner is its sister bank, Rosbank, part of the Société Générale Group.

For the needs of companies that trade with Russia Komerční banka offers all the required products and services, including the special Ruská platba current account with the best fees for payments made from/to Russia on the market. When the order is sent by 12 noon, euro payments from KB to Rosbank will be credited on the day of receiving the order. Part of the offer is also free account keeping until 30 June 2013.

The Russian Federation is the world’s ninth largest economy and also one of the fastest growing trade partners for the Czech Republic. This is why we offer, in co-operation with our sister Rosbank, services that completely cover our clients’ needs,” said Iveta Ocásková, Deputy Senior Executive Director of Distribution for the corporate segment at KB.

Among the almost 800 banks in Russia, Rosbank, a part of the Société Générale Group, is the sixth largest privately-held corporate bank in terms of deposits, holding the 12th largest loan portfolio amongst privately-held corporate banks. As part of the co-operation that has been set up, a special offer has been prepared for the period from 1 October to 31 December 2012; the offer includes the opening of a current account for free payments between Rosbank and KB. Free outgoing and incoming payments in roubles and transfers in roubles to rouble-denominated accounts kept at KB are part of the account. At the same time, not only the initial contacts but also support throughout the business relationship is guaranteed.

More detailed information about this offer is available from relationship managers, at 800 521 521, and at www.kb.cz.