April 16, 2014 1:58 AM ET


Company Overview of Ceskoslovenska obchodni banka, a. s.

Company Overview

Ceskoslovenská obchodní banka, a. s. operates as a universal bank that provides various banking products and services in the Czech Republic and internationally. It operates in four segments: Retail/SME, Corporate, Financial Markets, and Group Centre. The company offers deposits, consumer loans, building savings products, insurance and pension fund products, overdrafts, credit cards facilities, mortgages, leasing and factoring services, funds transfer facilities, mutual funds, and asset management services for retail, small and medium-sized enterprises, and corporate customers. It also provides investment products and services to institutional investors and intermediaries, as well as engages ...

Radlická 333/150

Praha 5

Prague,  150 57

Czech Republic

Founded in 1964

7,554 Employees


420 224 111 111

Key Executives for Ceskoslovenska obchodni banka, a. s.

Chairman and Chief Executive Officer
Age: 65
Chief Finance Officer
Age: 48
Senior Executive Officer of Operations Management and Director
Age: 49
Senior Executive Officer of Convenience Services and Director
Age: 47
Senior Executive Officer of Corporate Banking & Financial Markets and Director
Age: 57
Compensation as of Fiscal Year 2013.

Ceskoslovenska obchodni banka, a. s. Key Developments

CSOB Announces Board Changes

KBC announced that CSOB head Pavel Kavanek would leave the post as of May 1 and would be replaced by John Hollows. As of the same date, Kavanek is to replace Jan Svejnar in the position of CSOB supervisory board head. Hollows is currently a member of the KBC executive committee.

CSOB Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2013

CSOB announced unaudited consolidated earnings results for the year ended December 31, 2013. For the year, the company announced operating income of CZK 32,997 million compared to CZK 35,015 million for the same period a year ago. Net interest income was CZK 24,065 million compared to CZK 24,970 million for the same period a year ago. Profit for the period (owners of the parent) was CZK 13,658 million compared to CZK 15,291 million for the same period a year ago. Return on equity declined 4.6 percentage points to 18.2%. The operating income decreased by 6% year on year impacted by the sale of a stake in CSOB Pojisovna in fourth quarter 2012 and due to low interest rate environment which was only partly compensated by loan and deposit growth, increased demand for mutual funds and financial market products.

CSOB Presents at Wood & Co Emerging Europe Investors Conference, Dec-03-2013

CSOB Presents at Wood & Co Emerging Europe Investors Conference, Dec-03-2013 . Venue: Radisson Blu Alcron Hotel, Stepanska 40, 110 00 Prague, Czech Republic.

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