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Archive 2016

Komerční banka’s macroecononic forecast Investments: The driver last year, the brake this year


Czech economic growth will be slightly over 2% this year and approximately one-half of last year’s growth. While growing investments were the driver last year, their dynamics will become more of a burden on economic growth this year. The drop will be particularly marked in the case of investments financed from the public purse.

Solid business growth and financial performance in a challenging environment. Net profit affected by front-loading of costs of the Resolution Fund


Komerční banka reported today consolidated results for the first three months of 2016. The Bank saw an increase in the number of its clients by 18,000. The volume of loans to clients expanded by 6.8% to CZK 548.8 billion, volume of deposits improved by 6.0% to CZK 672.9 billion, and volume of other assets under management1 grew by 8.3% to CZK 141.7 billion.

Komerční banka Group becomes the key partner for European financial institutions in the Czech Republic


In the last three years (2013-2015), KB Group raised almost EUR 1.2 billion (CZK 32 billion) for its clients from the European Investment Bank (EIB), the European Investment Fund (EIF) and the Council of Europe Development Bank (CEB). KB Group absorbs 45% of all the funds from these European institutions which were channelled into the Czech banking sector in the above period. KB Group has become the most important and, in some programmes, the exclusive partner for European financial institutions in the Czech Republic.

Komerční banka’s General Meeting approves dividends for 2015 at CZK 310 per share


At their General Meeting today, Komerční banka’s shareholders voted to confirm the proposal of the bank’s Board of Directors for the approval of the profit for distribution to shareholders (dividends) for 2015 at CZK 310 per share.

ESSOX to acquire PSA Finance in the Czech Republic and Slovakia


Company ESSOX from the group of Komerční banka is to acquire Czech and Slovak subsidiaries of Banque PSA Finance (BPF) – PSA FINANCE ČESKÁ REPUBLIKA s.r.o. and PSA FINANCE SLOVAKIA, s.r.o. Both companies provide financing for concern cars of PSA brands. Financial services are offered under the brands CITROEN FINANCIAL SERVICES and PEUGEOT FINANCE. The transaction is subject to approval by the Office for Protection of Competition in the Czech Republic, the Anti-Monopoly Office of the Slovak Republic and the National Bank of Slovakia.

KB continues partnership with the Association of Private Farming of the Czech Republic


Komerční banka and the Association of Private Farming of the Czech Republic (ASZ) have signed a partnership agreement for 2016 and continue in their successful cooperation.

SGEF supported Czech and Slovak firms’ investments by CZK 11.5 billion in 2015


New deals of Société Générale Equipment Finance in the Czech Republic and Slovakia totalled CZK 11.5 billion in 2015, up by 18.8% compared with 2014. The largest part of the financing was provided for transport equipment and industrial equipment. Demand for investment significantly increased in the construction industry where SGEF’s transactions rose by 71%. Growing demand for non-bank financing of investments could also be seen on the part of small and medium-sized enterprises, where SGEF registered an increase of 66% compared with 2014.

Komerční banka has a new website


KB’s new website at is structured by products and easier to navigate. The structure and content of the website have been adjusted to the rising number of users accessing it from mobile devices. The purpose of the new design is to enhance the users’ comfort and to support sales.

Komerční banka and EIB support young people’s employment in the Czech Republic


Cooperating with the European Investment Bank (EIB), Komerční banka will again support the firms in the Czech Republic, which employ young people aged up to 30. Together with the EIB it offers more advantageous financing totalling EUR 95 million (more than CZK 2.5 billion) to these companies. Subject to meeting simple criteria, the firms will receive a more favourable interest rate, which is 0.3% p.a. lower than standard rates. This more advantageous financing can be combined with EU subsidies.

Komerční banka cuts mortgage rates


Komerční banka has decided to cut the interest rates by up to 0.30 pp for the most frequently provided mortgage loans. Up to 90% LTV mortgages with three- to seven-year fixed-rate periods are offered at 1.89% p.a., the lowest ever rate. In 2015, the volume of KB’s new mortgages increased by 34% to CZK 45.8 billion.

Komerční banka and Worldline want to expand card payments in the Czech Republic


Komerční banka will form an alliance for payment card acceptance with Worldline. The new alliance will be named KB SmartPay. Worldline is one of the largest European companies that provide e-payment and transactional services. The cooperation will help to improve services for both cardholders and merchants and support continued rollout of POS terminals throughout the Czech Republic.

In 2015, Komerční banka accelerated growth in lending. Net profit almost stable despite pressure on margins


In its consolidated results for the year 2015, Komerční banka reported faster growth in the loan portfolio, higher volume of assets under management, and continuing gain in the number of the Bank’s customers.

Komerční banka actively supports The Year of Crafts 2016 and craftsmen themselves


Komerční banka has long been focusing on support for business and small and medium-sized enterprises. In this context it has therefore decided to join the largest project geared towards assistance to Czech craftsmen, The Year of Crafts 2016, which has been launched by the Association of Small and Medium-Sized Enterprises and Crafts of the Czech Republic [AMSP]. In addition to a financial contribution totalling almost CZK 2 million, including direct financial grants to the various guilds, KB has also prepared an advantageous offer of free Profi účet account keeping.

First on the market: Banking application for Apple Watch from Komerční banka


At the very same time when Apple Watch is launched on the Czech market, their users have an opportunity to install a new banking application from Komerční banka in them. The application features functionalities such as displaying the current balance in an account, showing the most recent transactions and finding the nearest ATM. The clients themselves decide on additional functionalities.

Komerční banka’s macroeconomic forecast: 2016 – another year without inflation


Czech economic growth will return to the ‘normal’ level of around 2.6% this year. Last year’s growth of real GDP by approximately 4.5% was an extreme development attributable to the coincidence of several factors that will not recur. In spite of that, this year the Czech economy will grow faster on average than the economy of the euro area as a whole. Thus, the process of catching up with the standard of living in our Western European neighbours will continue for the third year in a row.

Komerční banka continues to broaden its mobile banking range for businesses and companies


KB has developed a new solution for mobile phones and tablets with Android. The application supports, for example, multi-tier payment authorisation and management of multiple companies’ accounts. Mobilní banka Business is one of the most important banking innovations of 2015.

The number of young visitors to the National Gallery in Prague is rising; they will have free admission again this year


Almost 50,000 visitors (exactly 48,924) made use of free admission, which the National Gallery in Prague introduced for children and young people up to 18 and students up to 26 in cooperation with Komerční banka, between April 2015 (when the project was launched) and December 2015. Average monthly visitor numbers in the last three quarters of 2015 increased by 16% compared with the first quarter of 2015 (when children, young people and students still paid the admission fee), which bears out the significant increase in interest in permanent displays. In the light of the good results, Komerční banka and the National Gallery in Prague have agreed to extend the free admission project to 31 August 2016.

Global finance: Komerční banka provides clients with the best domestic and international trade finance services in the Czech Republic


Komerční banka has received a major recognition for the best trade and export finance services; it was named the Best Trade Finance Bank, an award given by the prestigious Global Finance magazine every year.

Komerční banka brings a unique offer to finance start ups without any business history


Advantageous conditions of loans, with an EIF guarantee. Financing can be used for all costs incurred in starting up a business. A comprehensive range of products for start ups.

Komerční banka will not charge its clients the fee for deposit increase for 2015


The volume of deposits of KB’s major clients did not exceed the normal level before the end of the year. Active communication with clients has prevented the emergence of unusual situations. Komerční banka will not charge the fee, amounting to 0.15%, for deposits on current accounts in excess of CZK 100 million to its clients. The fee continues to be in the bank’s price list.