- CEO
- Jan Juchelka
- Full Time Employees
- 7,943
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- Na PrIkope 33/969 Prague Czech Republic 114 07
- IPO Date
- Jan 17, 2012
- Business
- Komercní banka, a.s. Komercní banka, a.s. (KMERF) is a universal bank providing retail, corporate, and investment banking services primarily in the Czech Republic and Central and Eastern Europe, including Slovakia; it operates through Retail Banking, Corporate Banking, and Investment Banking segments and serves individuals, small businesses, corporations, and municipalities. The bank offers current, business, and savings accounts; term deposits and building savings; personal, revolving, sustainable housing, syndicated, consumer, credit card, and business loans; mortgages; home equity loans and overdrafts; operational, investment, pension, export and import, claim, real estate, and structured financing; debit and credit cards; travel, risk life, savings life, accident, residential real estate, household, investment life, property, capital life, solvency, and payment insurance products; bond issuance and private banking services; foreign currency and derivative products; investment solutions; securities; guarantee transactions; payments; cash pooling; currency spot, cross currency swap, currency option and forward, and foreign exchange forward and swap services; as well as e-banking, telephone, mobile banking, and trades in financial instruments. Founded in 1990 following the separation of commercial activities from the former State Bank of Czechoslovakia and headquartered in Prague, Czech Republic, Komercní banka, a.s. functions as the parent of KB Group and a subsidiary of Société Générale Société anonyme, with a network of over 200 branches, approximately 7,300 employees, and operations supported by subsidiaries in leasing, factoring, and insurance distribution. Recent developments include signing a memorandum of understanding with SGEF SA in 2024 for a contemplated acquisition closing in the first quarter of 2025; advancing the OneGroup project since 2022 to integrate subsidiaries into internal structures and deepen synergies within Komerční banka and Société Générale groups; transitioning individual clients to the new KB+ digital banking app, reaching 1.46 million users by September 2025 with 87% targeted completion by year-end; expanding online investment acquisition via BankID, achieving nearly CZK 4 billion in newly brokered investments in 2024; and integrating bancassurance with Modrá pyramida in autumn 2024, alongside launching KB Poradenství for former tied agents.