Ceskoslovenska obchodni banka, a. s

Description

ČSOB is a wholly-owned subsidiary of KBC Bank NV, whose shares are held (directly or indirectly) by KBC Group NV. Both companies are domiciled in Brussels, Belgium.

Československá obchodní banka, a. s. (ČSOB), is a universal bank in the Czech Republic. ČSOB was established by the State in 1964 as a bank for providing services in the field of foreign trade financing and convertible currency operations in the then Czechoslovak market. It was privatised in 1999 – KBC Bank, which is a 100% subsidiary of an integrated bank-insurance group KBC Group, became the majority shareholder (since 2007 the sole shareholder). In June 2000, ČSOB took over the bank Investiční a poštovní banka (IPB). Until the end of 2007, ČSOB was active in the Czech and Slovak markets; the Slovak branch of ČSOB was transformed into an independent legal entity on 1 January 2008. Effective as of 1 January 2013, KBC Group has organized its core markets activities into three business units – Belgium, Czech Republic (includes all KBC business activities in the Czech Republic) and International Markets.

ČSOB provides its services to all groups of clients, i.e. retail (individuals) as well as SME, corporate and institutional clients. In retail banking in the Czech Republic , ČSOB is operating under main recognized brands – ČSOB (branches) and ČSOB Poštovní spořitelna (Postal Savings Bank; branches and outlets of the Czech Post network).

ČSOB offers to its clients a wide range of banking products and services, including the products and services of the entire ČSOB group.

The ČSOB group consists of the Bank (ČSOB) and entities related with the Bank. ČSOB’s financial group includes strategic companies in the Czech Republic controlled directly or indirectly by ČSOB, or KBC, which offer financial services, namely Hypoteční banka, ČSOB Pojišťovna, ČSOB Stavební spořitelna, ČSOB Penzijní společnost, ČSOB Leasing, ČSOB Factoring and Patria Finance.

The product portfolio of the ČSOB group (the Business Unit Czech Republic) includes next to standard banking services:

• financing housing needs (mortgages and building savings loans),
• insurance products,
• pension funds,
• collective investment products and asset management,
• specialized services (leasing and factoring),
• services related to trading equities on financial markets.

The ČSOB group builds a strong, long-term partnership with each of its clients, whether in personal and family finance, financing SME or corporate finance.