Banks in Czech Republic

BAWAG Bank CZ a.s. strengthened its position on the Czech banking market in 2005

Based on the audited 2005 financial results, BAWAG Bank CZ a.s. confirmed its position as the ninth largest commercial bank in Czech Republic in terms of total assets. With regulatory capital of almost CZK 4bn and a capital adequacy ratio of 18.64%, the bank is well capitalized for further growth in the future. 

Stable growth in primary deposits has proven that customers recognise BAWAG Bank CZ a.s. a trustworthy and reliable partner. “Drawing on an excellent capital base of almost CZK 4bn (TIER I. CZK 3.4bn, TIER II. CZK 0.6bn), total assets of CZK 33.6bn and further improved risk profile, BAWAG Bank CZ a.s. is now an even stronger financial partner for business activities of corporate clients and for personal banking needs of individuals”, said Markus Hermann, Chairman of the Board of Directors.

BAWAG Bank CZ a.s. has successfully completed the merger of its predecessor institutions in 2005 and the financial results show a significant improvement of its profitability. “BAWAG Bank CZ a.s. is a strong and reliable partner and will continue focusing on corporate and investment banking customers, Real Estate Financing, Export and Trade Finance as well as on individuals”, adds Helmut Kasík, Member of the Board of Directors responsible for Corporate Banking.

BAWAG Bank CZ a.s. successfully continues in its expansion strategy introduced in 2005: it opened a countrywide branch network (from 4 branches in 2005 to 14 at the end of March 2006); it acquired new market segments of individual and private banking as well as broadened extensively its product portfolio. BAWAG Bank CZ a.s. launched several new products mainly for private and corporate customers and those products already won recognition of influential financial media as top financial products on the market.