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Archive 2012

KB Penzijní společnost obtains the required licences from the CNB and is about to start to offer savings for retirement in the second and third pillars on 1 January 2013

As of today, KB Penzijní společnost, a.s. has obtained all the required licences, including approvals for the statutes of its funds in the second and third pillar of the pension system, from the Czech National Bank. On 1 January 2013, it will start to offer citizens all products of provisions for retirement in both pillars.

Komerční banka innovates mortgage and consumer loans without fees

As of the beginning of 2013, Komerční banka offers a new opportunity to take out mortgage loans and consumer loans without loan administration fees. By changing the structure of the price in this way, it goes out of its way to accommodate the clients who prefer the simplest possible pricing of banking products.

Payments and opening hours of KB branches at the end of 2012

At the end of 2012, all of Komerční banka’s branches will keep their opening hours as usual, with the exception of 31 December 2012 when branches will close earlier, at 1 p.m.

New corporate credit card to improve monitoring of companies’ expenses and cash flow

Komerční banka is the first bank on the Czech market to start offering corporate credit cards to its clients. Thanks to effective control of their business expenses, medium-sized and large companies can cut the costs of this agenda while improving their cash flow by using interest-free credit.

Komerční banka is the first to launch QR code support for easy payments and full compatibility with Windows 8

Komerční banka has launched a number of direct banking innovations. Payments using QR codes for mobile phones are among the most attractive new features: the client simply scans the code using his camera phone, the application converts it into a pre-completed payment order, and the client then only confirms its transmission. In this way, payment orders can be executed in a matter of seconds.

Komerční banka retains its title of the Bank of the year for 2012

Komerční banka has retained the prestigious title of The Bank of the Year for 2012. A jury composed of several dozen experts has voted the bank as the overall winner of the awards. Komerční banka has won for the fifth time in the 11-year history of the Fincentrum Bank of the Year awards. Komerční banka Group reached the winners’ podium in six categories of the 13 announced.

Komerční banka gains in deposit balances and loans volume: Net profit reached CZK 10.9 billion for first three quarters 2012

In an environment where individuals and businesses were seeking certainty and stability in their financial affairs, the volume of Komerční banka Group’s business activities continued to increase through the first nine months of 2012. The volume of loans provided to KB Group clients rose by 6.2% year on year to CZK 462.3 billion. Growth in the volume of deposits from clients reached 3.1% year on year, bringing the total to CZK 568.3 billion. KB Group reported a solid level of free liquidity which allows it to provide continuous support to the clients. Total net banking revenues climbed by a slight 1.5% to CZK 24.7 billion, reflecting growth in KB’s business as well as certain one-off items. Operating costs grew by just 0.4% to CZK 9.9 billion. Quality of the lending portfolio remained high, and the cost of risk from lending was at a low CZK 1.3 billion, representing a 3.5% increase. KB Group reported a net profit of CZK 10.9 billion for the first nine months of 2012, which was a significant gain of 55.1% as the prior year result had been affected by the impairment of Greek government bonds.

Komerční banka presents Antonín Kratochvíl's photographs to the public

In its branch on Václavské náměstí in Prague, Komerční banka displays Antonín Kratochvíl’s exclusive photographs. The acknowledgement of Antonín Kratochvíl’s work by the American Photo magazine in 1999, which included this artist among the 100 most prominent personalities of the world photography, bears out the unique nature of the display.

Komerční banka awarded in the Web Top 100 competition

Komerční banka has won in the Banks category of the Web Top 100 competition. The victory implies recognition for the innovations and changes made by KB in its corporate website over the past year.

Komerční banka's macroeconomic forecast

The Czech economy has been in a recession since the last quarter of 2011. Austerity measures in the majority of EMU countries hampering external demand for Czech export goods, and even the domestic fiscal consolidation, which has resulted in lower consumption, have been the main reasons for the contraction of the Czech economy. The current drop in consumer demand is the deepest in history and thus presents the biggest negative surprise in this year’s economic development. With respect to our previous forecast, we have revised down the growth outlook for this year and next year by 0.3pp, respectively, mainly due to the deterioration in household consumption.

Komerční banka's clients receive another CZK 6 million in subsidies

Last week, Komerční banka disbursed some more subsidies, this time CZK 3 million, from the EIB’s funds to its municipal clients. The bank also provided almost CZK 3 million to its corporate clients through lower rates of interest on loans.

Komerční banka becomes The Most Desired Company for the past ten years

In this year’s Sodexo Employer of the Year 2012 competition, Komerční banka has won the prestigious title of The Most Desired Company 2002-2012. Komerční banka has won a special award in this anniversary, tenth, edition of the competition for its long-term achievements in the category in which Czech students rate the most admired and desired employers.

Komerční banka becomes The Most Desired Company for the past ten years

In this year’s Sodexo Employer of the Year 2012 competition, Komerční banka has won the prestigious title of The Most Desired Company 2002-2012. Komerční banka has won a special award in this anniversary, tenth, edition of the competition for its long-term achievements in the category in which Czech students rate the most admired and desired employers.

More than 200,000 of Komerční banka's clients use the MůjÚčet package now

More than 200,000 clients have opened MůjÚčet [My Account] at Komerční banka over the year and a half of the existence of this account. The package also contains the unique MojeOdměny [My Rewards] scheme, thanks to which clients receive account keeping completely free of charge and a number of other benefits. An innovation is the debit version of the popular Lady Card with an attractive discount scheme.

Komerční banka’s co-operation with Benzina resutls in savings of a quarter of million for businesses

Komerční banka’s co-operation with Benzina, launched half a year ago and offering Kreditní karta pro podnikatele [Business Credit Card] holders a discount of 2.2% at Benzina fuel filling stations, has met with clients’ great interest. More than 1,000 card transactions are made every month and the cardholders have saved a quarter of a million Czech crowns on the whole to date.

Komerční pojišťovna wins the title as the “Insurance Company 2012” in the Czech republic

Komerční pojišťovna has been named the Insurance Company in the Czech Republic for 2012 by World Finance, a prestigious economic magazine, in its international awards.

Flexible mortgage: Special offer with rates from 2.99% and major discount on insurance

Komerční banka's clients can take advantage of the current interest rates, which are the lowest ever on the Czech market, and win another benefit thanks to a special offer. With the popular Flexibilní hypotéka [Flexible Mortgage Loan], they will now receive a major discount on the insurance policies that are normally taken out for financed properties.

SGEF confirms its leadership in transport equipment financing, and significantly grows in farmer financing

Société Générale Equipment Finance has confirmed its number one position on the Czech market in transport equipment financing. In the first half of this year alone, it provided in this segment financing worth CZK 1.32 billion, which accounts for almost 20% of the whole market. Increasing its market share to 17%, the company also performs well in farming equipment financing.

New generation of the MojeBanka application already serves more than 907,000 clients

The new generation of the MojeBanka online banking application attracted more than 20,000 new users in July and August. Altogether more than 907,000 clients are therefore currently using the MojeBanka application. Launched in June 2012, the application has a new appearance and functions, and also unique connection to the Mobilní banka mobile banking application.

Penzijní fond Komerční banky licensed for business of KB Penzijní společnost

The Czech National Bank has awarded a licence to Penzijní fond Komerční banky for the business of KB Penzijní společnost, a.s. This marks the formal completion of the administrative process preceding the launch of business in the reformed pension system on 1 January 2013. At the same time the Czech National Bank has granted its approval for the operation of non-state pension schemes through the transformed fund. The fund will continue to hold the current agreements on government-subsidised pension schemes.