Česká spořitelna is the bank with the longest tradition in the Czech market. It has been one of the fundamental pillars of the Czech banking system for 200 years. Currently, the Bank provides services to 4.5 million clients. Since 2000, Česká spořitelna has been part of Erste Group Bank, a multinational financial group.
Česká spořitelna is a modern bank focused on retail clients, small and medium-sized enterprises, large corporations, and also municipalities.
Thanks to the largest network of branches, as well as ATMs and payment machines, Česká spořitelna is the most accessible bank on the domestic market from the retail clients’ perspective. It holds a leading position in the market for mortgage loans, consumer loans including credit cards and overdrafts, and in total deposits. Česká spořitelna is also the leader in the distribution of mutual funds and life insurance mediation.
The Bank also puts emphasis on the introduction and expansion of digital services. In 2018, Česká spořitelna presented its new internet banking known as George, which serves as a modern internet portal for comprehensive family finance management. Spořitelna also became the first bank in the Czech Republic to be able to implement so-called instant payments, when money sent from one bank is credited to an account in another bank within a few seconds.
Under the Česká spořitelna – Korporátní bankovnictví brand, the Bank provides comprehensive solutions for entrepreneurs and companies and is the largest provider of corporate loans in the Czech Republic. It is the market leader in the area of providing financial services to municipalities and to the public sector. Thanks to a wide range of foreign exchange, interest rate, commodity, and money market products, Česká spořitelna also holds a dominant position in treasury services and products for large, small and medium-sized businesses. The Bank also places an emphasis on management support and financial risk analysis. Česká spořitelna participated in almost every successful equity offerings on the Prague Stock Exchange, whether they be primary (IPO) or secondary (SPO) offerings. Thanks to the strong backing of Erste Group Bank, the Bank is also able to provide services to clients on foreign markets.