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 ...
universal bank
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance.KB Group operates in the
Czech Republic
The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...
and also provides services to corporate clients in
Slovakia
Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the s ...
. It serves more than 1.6 million customers in 399
branches
A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually r ...
.
All of the services are accessible through the dense network of KB branches, its own distribution network, and on-line services, such as
internet banking
Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial insti ...
.
Service for corporate clients of Komerční banka is provided by two segments, usually according to annual turnover (sales) and number of products used. Companies with turnover from CZK 60 million to 1500 million are generally served by the Corporate sales centers. Clients with a higher turnover are usually served by the Top Corporations divisions, which are located in
Prague
Prague ( ; cs, Praha ; german: Prag, ; la, Praga) is the capital and List of cities in the Czech Republic, largest city in the Czech Republic, and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.3 milli ...
The bank was founded in 1990 following separation of commercial activities from the former State Bank of Czechoslovakia. In 1992, the bank was partially
privatized
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
in
voucher privatization
Voucher privatization is a privatization method where citizens are given or can inexpensively buy a book of vouchers that represent potential shares in any state-owned company. Voucher privatization has mainly been used in the early to mid-1990s i ...
.
In 2001, the state’s 60% holding in Komerční banka was purchased by
Société Générale
Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense.
Société Générale ...
. Following privatization, KB began significantly to develop its activities for individual customers and entrepreneurs, in addition to building on its traditionally strong position in the enterprises and municipalities market.
In 2014 the Komerční banka signed a partnership with the
National Gallery
The National Gallery is an art museum in Trafalgar Square in the City of Westminster, in Central London, England. Founded in 1824, it houses a collection of over 2,300 paintings dating from the mid-13th century to 1900. The current Director ...
in
Prague
Prague ( ; cs, Praha ; german: Prag, ; la, Praga) is the capital and List of cities in the Czech Republic, largest city in the Czech Republic, and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.3 milli ...
.
In 2021, the bank had 241 branches and operated 857 ATMs.
Sponsoring
Komerční banka has been a partner of institutions, projects and events of society-wide importance for many years. It focuses on culture, non-professional sport and education. Support for Czech culture is the main area of the bank’s sponsorship. Komerční banka has been the general partner of the National Theatre, the most important Czech theatrical institution, for more than ten years. The bank has been supporting the French Film Festival for the same time. Since 2014, it has also been a partner of the
National Gallery in Prague
The National Gallery Prague ( cz, Národní galerie Praha, NGP), formerly the National Gallery in Prague (), is a state-owned art gallery in Prague, which manages the largest collection of art in the Czech Republic and presents masterpieces of Cze ...
.
Komerční banka Jistota Foundation
The Jistota Foundation has been supporting projects in the areas of social and health care services for over 20 years while focusing on senior citizens and children. In 2014, it supported 99 projects, mainly through financial support from the Bank and its associated companies but also thanks to employee initiatives. In addition to their donating money, the employees also constitute the Foundation’s management and supervisory boards. The Foundation’s donations in 2014 exceeded CZK 9 million.
Awards
In 2004, 2005 and 2007 Komerční banka received the Bank of the Year Award from the Mastercard company.
The Best Bank of the Year 2017 in the Czech Republic was Komerční banka.