Česká spořitelna (Czech Savings Bank) is a modern bank that is geared towards small-scale clients, small and medium-sized companies, towns and municipalities. The Bank plays also indispensable role in the financing of large companies and corporations and in providing financial market services. Financial Group of Česká spořitelna with 5.217 million clients is the largest bank on the market by number of clients. Česká spořitelna has issued more than 3 million payment cards, has the network of 653 branches and operates with more than 1,390 ATM's. Česká spořitelna ranks among leading securities dealers on the Czech capital market. Total Assets: CZK 932 million, approx. $49 billion (as of September 30, 2011).
Since year 2000, Česká spořitelna is a member of Erste Group, a powerful Central European financial group with more than 17.5 millions clients in eight predominantly EU-member-countries. Ceska Sporitelna is the Bank of the Year 2010 for the Czech Republic (by The Banker magazine).
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Financial News
Rating agency Moody's downgrades 16 Spanish banks - 18.05.2012 Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe. Among those downgraded were giants Banco Santander and BBVA, the country's two largest banks. Source: CNNMoney
Middle East's Leading Banking Technology & Innovation Summit to be held in Dubai - 07.05.2012 Following on from the success of the 2011 Middle East Banking Technology & Innovation Summit, Expotrade announces that this year’s event will once again take place in Dubai on the 1-2 October 2012. This year’s conference will focus on strengthening the Middle Eastern banking and financial industry’s position within the global market. Source: Expotrade
More than 2.5 billion people around the world don’t have a bank account - 23.04.2012 Three quarters of the world’s poor don’t have a bank account, not only because of poverty, but the cost, travel distance and amount of paper work involved in opening an account, according to new data released by the World Bank. Source: World Bank
No breakthrough in Swiss-US tax dispute despite talks - 22.04.2012 Talks between senior U.S. and Swiss officials about a dispute over unpaid taxes on accounts held in Swiss banks led to no breakthroughs, Swiss President Eveline Widmer-Schlumpf said on Saturday. Source: Reuters
Western Union to launch innovative payments platform WU Pay - 22.03.2012 The Western Union Company, a leader in global payment services, today announced that it will launch WU Pay, a new and innovative electronic payments platform that will significantly improve the customer experience and safety for millions of people seeking to make online payments or transfer money. Source: Western Union
U.S. Banks Complete Stress Tests - 14.03.2012 The majority of the largest banks will continue to have enough capital to satisfy regulators, even if they suffer a financial shock that includes unemployment hitting 13 percent and a 21 percent drop in housing prices, the Federal Reserve said on Tuesday. Source: Reuters