Ceskoslovenská obchodní banka
Encyclopedia
Československá obchodní banka, a.s. (ČSOB) is a commercial bank which operates in Czech Republic
. It is one of the largest bank domiciled in the Czech Republic
. As a universal bank, it offers a full range of banking services to individuals and companies. Out of its 280 branches bank also operates at 3,300 branches of Česká pošta
(Czech postal company) under brand Poštovní spořitelna.
Belgian
KBC Bank
is sole owner of the bank. Until 2008 ČSBO also directly operated in Slovakia
, but since 2008 new company Československá obchodná banka, a.s. (ČSOB Slovakia) was created under direct control of KBC Bank, Czech ČSOB holds only 47% minority is Slovak ČSOB. Since 2011, the bank has returned its partnership
with the Czech ice hockey
club HC Pardubice
, which is therefore now named HC ČSOB Pojišťovna Pardubice again.
as the sole bank providing foreign trade financing and convertible currency operations in what was then Czechoslovakia
. After 1989, ČSOB expanded its activity by including services for new entrepreneurial entities and for individuals.
A major milestone in ČSOB's history was its privatisation in June 1999, when the Belgian
KBC Bank
, a member of the KBC Group NV, bought majority 66% stake from Czech government for 40 billion CZK. Later in 1999 KBC bought 16.63% stake from National Bank of Slovakia
, alongside European Bank for Reconstruction and Development
purchased 7.47% from NBS.
As fourth largest bank in Czech Republic in 1999, ČSOB acquired business of bankrupted Investiční a poštovní banka (including 3.3 million customers and network of 179 branches), third largest Czech bank in that time
Since July 1, 2008 ČSOB Slovakia has begun to merge with Istrobanka
, since the latter's acquisition by KBC
.
In November 2009 KBC announed plan to put 40% of ČSOB on float through Prague Stock Exchange
during year 2010.
markets. It include for example ČSOB Pojišťovna (insurance company), Hypoteční banka (mortgage bank
) or ČSOB leasing
(largest leasing company in Czech republic).
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....
. It is one of the largest bank domiciled in the Czech Republic
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....
. As a universal bank, it offers a full range of banking services to individuals and companies. Out of its 280 branches bank also operates at 3,300 branches of Česká pošta
Ceská pošta
- History :State enterprise Česká pošta was established on January 1, 1993 at the same time Czechoslovakia was dissolved. It was separated from the Slovenské mail as well as from the telecommunications administrations....
(Czech postal company) under brand Poštovní spořitelna.
Belgian
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
KBC Bank
KBC Bank
KBC Bank N.V. is a Belgian universal multi-channel bank, focusing on private clients and small and medium-sized enterprises. Besides retail banking, insurance and asset management activities , KBC is active in European debt capital markets, domestic cash equity markets and in the field of corporate...
is sole owner of the bank. Until 2008 ČSBO also directly operated in Slovakia
Slovakia
The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
, but since 2008 new company Československá obchodná banka, a.s. (ČSOB Slovakia) was created under direct control of KBC Bank, Czech ČSOB holds only 47% minority is Slovak ČSOB. Since 2011, the bank has returned its partnership
Partnership
A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.Since humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and varied combinations thereof, have always been and remain commonplace...
with the Czech ice hockey
Ice hockey
Ice hockey, often referred to as hockey, is a team sport played on ice, in which skaters use wooden or composite sticks to shoot a hard rubber puck into their opponent's net. The game is played between two teams of six players each. Five members of each team skate up and down the ice trying to take...
club HC Pardubice
HC Pardubice
HC ČSOB Pojišťovna Pardubice is a professional ice hockey club that plays in the Czech Extraliga. It is located in Pardubice, home venue is ČEZ Arena. The club previously was named HC Eaton Pardubice, but since the 2011–12 season the club is named HC ČSOB Pojišťovna Pardubice.-History:Ice hockey is...
, which is therefore now named HC ČSOB Pojišťovna Pardubice again.
History
ČSOB is a banking institute established in 1964 and founded in former CzechoslovakiaCzechoslovakia
Czechoslovakia or Czecho-Slovakia was a sovereign state in Central Europe which existed from October 1918, when it declared its independence from the Austro-Hungarian Empire, until 1992...
as the sole bank providing foreign trade financing and convertible currency operations in what was then Czechoslovakia
Czechoslovakia
Czechoslovakia or Czecho-Slovakia was a sovereign state in Central Europe which existed from October 1918, when it declared its independence from the Austro-Hungarian Empire, until 1992...
. After 1989, ČSOB expanded its activity by including services for new entrepreneurial entities and for individuals.
A major milestone in ČSOB's history was its privatisation in June 1999, when the Belgian
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
KBC Bank
KBC Bank
KBC Bank N.V. is a Belgian universal multi-channel bank, focusing on private clients and small and medium-sized enterprises. Besides retail banking, insurance and asset management activities , KBC is active in European debt capital markets, domestic cash equity markets and in the field of corporate...
, a member of the KBC Group NV, bought majority 66% stake from Czech government for 40 billion CZK. Later in 1999 KBC bought 16.63% stake from National Bank of Slovakia
National Bank of Slovakia
National Bank of Slovakia , is the central bank of Slovakia, which is a member of the European Union and the European System of Central Banks. Since 1 January 2009, it has also been a member of Eurosystem.-History:...
, alongside European Bank for Reconstruction and Development
European Bank for Reconstruction and Development
Founded in 1991, the European Bank for Reconstruction and Development uses the tools of investment to help build market economies and democracies in 30 countries from central Europe to central Asia. Its mission was to support the formerly communist countries in the process of establishing their...
purchased 7.47% from NBS.
As fourth largest bank in Czech Republic in 1999, ČSOB acquired business of bankrupted Investiční a poštovní banka (including 3.3 million customers and network of 179 branches), third largest Czech bank in that time
Since July 1, 2008 ČSOB Slovakia has begun to merge with Istrobanka
Istrobanka
Istrobanka was a universal commercial bank based in Slovakia established in September 1992.-History:Istrobanka's founding shareholder was Slovenská Poisťovňa . In 1993 the city of Bratislava, the capital city of Slovakia, became another shareholder...
, since the latter's acquisition by KBC
KBC
KBC may refer to:* Kachemak Bay Campus, a campus of Kenai Peninsula College, a unit of the University of Alaska Anchorage* Kenmore Baptist Church, a church located in Kenmore, Queensland, Australia...
.
In November 2009 KBC announed plan to put 40% of ČSOB on float through Prague Stock Exchange
Prague Stock Exchange
The Prague Stock Exchange or PSE is the Czech Republic's main securities market and currently the second biggest stock exchange in Central and Eastern Europe...
during year 2010.
ČSOB Group
ČSOB Group is one of largest financial institute in the financial services industry in CzechCzech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....
markets. It include for example ČSOB Pojišťovna (insurance company), Hypoteční banka (mortgage bank
Mortgage bank
A Mortgage bank specializes in originating and/or servicing mortgage loans.A mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers...
) or ČSOB leasing
Leasing
Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments....
(largest leasing company in Czech republic).
Headquarters
- Československá obchodní banka, a.s., Radlická 333/150, 150 57 PraguePraguePrague is the capital and largest city of the Czech Republic. Situated in the north-west of the country on the Vltava river, the city is home to about 1.3 million people, while its metropolitan area is estimated to have a population of over 2.3 million...
, Czech RepublicCzech RepublicThe Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest.... - Československá obchodná banka, a.s., Michalská 18, 815 63 BratislavaBratislavaBratislava is the capital of Slovakia and, with a population of about 431,000, also the country's largest city. Bratislava is in southwestern Slovakia on both banks of the Danube River. Bordering Austria and Hungary, it is the only national capital that borders two independent countries.Bratislava...
, SlovakiaSlovakiaThe Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...