Československá obchodní banka, a. s.

Československá obchodní banka, a. s. (ČSOB) is a universal bank in the Czech Republic providing a broad range of retail, corporate and investment banking products and services to individuals, SMEs, corporates and institutional clients.

Financials

Total Assets (2016)
1 085.53 bln CZK  (+13.51%)
Net Income (2016)
15 141.00 mln CZK  (+8.07%)

In 2016 total assets of Československá obchodní banka, a. s. were 1 085,53 bln CZK. In 2016 the bank's net income was 15 141,00 mln CZK.

Československá obchodní banka, a. s. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade).

Československá obchodní banka, a. s. participates in deposit guarantee scheme of the Czech Republic. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Member of Group

 KBC (Belgium)

Československá obchodní banka, a. s. is a member of KBC (Belgium).

Contacts

Radlická 333/150, 150 57, Praha 5, Czech Republic

Československá obchodní banka, a. s. is headquartered in Praha 5.

Bank Identifiers

MFI ID
CZ00001350

Financial Positions

Total Assets (2016)
1 085.53 bln CZK  (+13.51%)
Total Equity (2016)
88 549.00 mln CZK  (-2.20%)

In 2016 total assets of Československá obchodní banka, a. s. were 1 085.53 bln CZK. Growth compared to the previous period (2015) was 13.51%. The evolution of the total assets of Československá obchodní banka, a. s. is shown at Chart 1 below.

Total Assets of Československá obchodní banka, a. s..

Chart 1. Total Assets of Československá obchodní banka, a. s..

Recent changes in total assets of Československá obchodní banka, a. s. and its main components are shown in Table 1.

2015 2016 % change
Cash and deposits with Central Banks 117.3 57.1 -51.34%
Financial assets held for trading 29.5 20.0 -32.16%
Available for sale financial assets 60.0 56.9 -5.04%
Financial assets held to maturity 136.4 132.7 -2.75%
Loans 579.4 783.2 +35.17%
Total Assets 956.3 1 085.5 +13.51%
Table 1. Recent changes in total assets of Československá obchodní banka, a. s. (bln CZK).

Profit and Loss

Net Income (2016)
15 141.00 mln CZK  (+8.07%)

Recent changes in gross profit of Československá obchodní banka, a. s. and its main components are shown in Table 2.

2015 2016 % change
Interest Income 25 580.0 25 043.0 -2.10%
Interest Charges -3 277.0 -2 808.0 -14.31%
Net Interest Income 22 303.0 22 235.0 -0.30%
Net Commission Income 6 391.0 6 218.0 -2.71%
Table 2. Recent changes in gross profit of Československá obchodní banka, a. s. (mln CZK).

In 2016 net income of Československá obchodní banka, a. s. was 15 141.00 mln CZK. Growth compared to the previous period (2015) was 8.07%. The evolution of the net income of Československá obchodní banka, a. s. is shown at Chart 2 below.

Net Income of Československá obchodní banka, a. s..

Chart 2. Net Income of Československá obchodní banka, a. s..

Credit Ratings (as of May 2018)

Fitch Moody's
BBB+ (good credit quality) A2 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Československá obchodní banka, a. s. is rated by Fitch and Moody's.

Credit ratings assigned to Československá obchodní banka, a. s. as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Československá obchodní banka, a. s. it is set to BBB+ (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Československá obchodní banka, a. s. is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb+
Support Rating  2
Support Rating Floor  -

Viability rating for Československá obchodní banka, a. s. is set to bbb+ (good fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is not set.

Moody's

Long-term rating for Československá obchodní banka, a. s. it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is baa1. Short-term rating is not assigned.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Baseline Credit Assessment  baa1
Short-Term Rating  -
Outlook  positive

Outlook for the ratings of Československá obchodní banka, a. s. is set to positive (may be raised).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the Czech Republic are obliged to participate in Czech deposit guarantee scheme.

In the case of Československá obchodní banka, a. s. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  current accounts, savings accounts, term accounts, deposit accounts, saving books
Covered Currencies  all (Czech crowns and foreign currencies)
Maximum Protected Amount  100 000 EUR
Paid In Currency  CZK

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Československá obchodní banka, a. s. is shown in the table below.

MFI ID  CZ00001350

Banking Products in the Czech Republic