PPF Banka is a
Czech
Czech may refer to:
* Anything from or related to the Czech Republic, a country in Europe
** Czech language
** Czechs, the people of the area
** Czech culture
** Czech cuisine
* One of three mythical brothers, Lech, Czech, and Rus'
Places
* Czech, ...
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
that focuses mainly on providing financial, investment and consulting services as well as private banking. It is a major subsidiary of
PPF (company)
PPF Group is an international diversified investment group founded in 1991 in the Czech Republic. PPF Group invests in a variety of sectors, including banking and financial services, telecommunications, media, biotechnology, real estate and indus ...
, which owns 93% of the bank. Its clients are primarily financial institutions, medium and large enterprises with Czech capital and municipal sphere entities.
the bank’s profit has risen at an annual rate of 15% to 1 385 million CZK.
History
PPF bank was founded in 1992 under the trade name Royal bank CS. The Czech capital city Prague became the major shareholder in 1995. The bank then changed its name to První městská banka, a.s. (First city bank Plc).
In 2002, the bank’s major shareholder changed and Česká pojišťovna a.s. (Czech insurance company Plc), which was a member of PPF group, became the strategic investor. The bank eventually integrated fully into the PPF group and has been active as PPF banka since 2004.
External links
Official Website
References
{{reflist
Banks of the Czech Republic
Companies based in Prague
PPF Group