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.
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.
KBC (Belgium)Československá obchodní banka, a. s. is a member of KBC (Belgium).
Československá obchodní banka, a. s. is headquartered in Praha 5.
| 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.
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). | |||
| 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.
Chart 2. Net Income of Československá obchodní banka, a. s..
| 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.
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.
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 |
|---|
| 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 |
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 |
