Česká spořitelna
| Česká spořitelna
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1823 |
| Seat |
 Czech Republic , Prague
|
| Number of employees | 10,504 (2014) |
| Branch | Banks |
| Website | www.csas.cz |
The Česká spořitelna (German: Czech savings bank ) is the largest commercial bank in the Czech Republic with total assets of 33.7 billion €, 10,504 employees and 644 branches at December 31, 2014. It is a subsidiary of Erste Group . Its seat is in Prague . Together with its subsidiaries, the bank serves around five million customers.
history
Based on the example of the Wiener Sparkasse, which was established in 1819, the bank was founded in 1823 by a group of Bohemian aristocrats under the leadership of Joseph von Hoch as the Böhmische Sparkasse. Rudolph von Colloredo-Mansfeld , Leopold Ritter von Lämel , August Longin von Lobkowitz , Joseph zu Schwarzenberg , Franz zu Dietrichstein , and Philipp von Kinsky were among the founders of the bank . Emperor Franz participated in the subscription of the share capital of 12,000 guilders with 2,000 guilders.
In 1825 their balance sheet total was 136,000 guilders, five years later this had increased to 1.6 million guilders and in 1850 to 16.7 million guilders. The bank grew along with the economy in the crown lands, especially in the second half of the century. At the same time, the number of savings banks grew . In the second half of the 19th century, more and more savings banks were founded, so that in 1914 there were 371 savings banks in the crown lands of Bohemia, Moravia and Silesia . In 1914, the Böhmische Sparkasse had 70 branches in the German-speaking areas of the Crown Land. In addition, as part of the growing confrontation between the two population groups - the Germans and the Slavs - the financial institution developed primarily into a German bank. The Slavs preferred to create their own savings banks.
After the defeat of the Austrian monarchy, Czechoslovakia was established in 1918 . Both the Böhmische Sparkasse and its imitators thrived during the economic boom. The total assets of the savings banks grew from 6.5 billion Czechoslovak crowns in 1919 to 23.6 billion in 1937. The annexation of the crown lands to the German Reich in 1938 did not have a positive effect on the economy. However, between 1938 and 1945 there was a significant concentration in the banking sector, in the course of which in 1941 the Böhmische Sparkasse merged with the Prager Stadtsparkasse. This resulted in the Prager Sparkasse.
In 1948, after the Communists came to power, all savings banks were reorganized into district savings banks, which in 1953 were also given formal legal independence. The Kreissparkassen mainly fulfilled the task of collecting deposits and did not have the authority to grant loans to companies. They were allowed to use 10 to 15 percent of consumers' savings in the form of small personal loans. In 1967 all district savings banks were merged into a central, state-owned savings bank. After the collapse of the Eastern bloc in 1989, the state savings bank was converted into a joint stock company called Česká spořitelna in 1992. 40% of the property was owned by the state, 20% by cities and municipalities, and 3% of the equity capital was deposited as a reserve. This was followed by a takeover by Erste Bank.
activities
The bank's business activities take place in the main areas of retail banking, corporate banking and capital markets.
The Czech bank is the market leader in private customer business, with a market share of 30% in almost all main product areas. The private customer business is managed by a board department. This also includes micro and small businesses. Your sales channels are branches that sell and manage all product areas with the exception of mortgage centers.
In the area of corporate customers, business with medium-sized companies, large companies and the construction industry is managed by a board department. Medium-sized companies are looked after in commercial centers based on the model of the parent company. Major customers and construction projects are looked after centrally. In the area of capital markets, business is managed in close cooperation with the parent company in Vienna by a separate board department.
literature
- Jan Hajek, Rudolf Pisa - 180 years of the Czech savings bank system - Prague, 2005
