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The winners of the 15th edition of the prestigious Fincentrum Bank of the Year awards are known


The 15th edition of the Fincentrum Bank of the Year competition ended in the Žofín Palace in Prague on 23 November 2016. Albert Le Dirac’h, Komerční banka’s Chairman and CEO, accepted the award for the overall winner and the title Bank of the Year. Allianz pojišťovna won the title The Insurance Company of the Year for the second time in a row. Českomoravská stavební spořitelna was elected The Building Society of the Year.

Fincentrum is the General Partner of the Fincentrum Bank of the Year competition; the Main Partners are EY Česká republika, a consultancy, and Trask solutions, and consulting and technology company.

Strong contribution to Czech economic growth via increased lending and investments


Komerční banka today reported consolidated results for the first nine months of 2016. The volume of loans provided by KB Group to clients expanded by 11.1% to CZK 593.4 billion. Of this total, CZK 4.7 billion was from newly added portfolios of PSA Finance Czech Republic and PSA Finance Slovakia, acquired in July. The volume of deposits grew by 7.7% to CZK 708.6 billion, and volume of non-bank assets under management1 improved by 9.9% to CZK 148.6 billion. The number of clients served by the Bank rose by 8,200 to 1,650,000.

Komerční banka’s macroeconomic forecast: 2017 – the FX floor regime ending and investments gradually returning


The Czech economy will grow at a rate of 2.5% in 2016 and accelerate to 2.7% in 2017. We expect the problems that have caused a slump in investments financed from the public purse to be resolved. The key issue in 2017 will be exiting from the FX floor regime.