Banks in the Czech Republic are mainly focusedon the following areas:
Czech National Bank
Currently there are 52 credit institutions operating in Czech Republic.
In 2023 consolidated banking assets in the Czech Republic were 386.41 bln EUR. The consolidated banking assets' evolution is shown at Chart 1 below.
Chart 1. Consolidated banking assets in Czech Republic.
Recent structural changes (2013 - 2022) of the banking sector of Czech Republic are summarised in Table 1.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Opened Banks | 1 | 1 | 2 | 1 | 2 | 2 | 3 | 0 | 0 | 2 |
| Closed Banks | 2 | 1 | 1 | 1 | 3 | 0 | 2 | 1 | 4 | 5 |
| Change | -1 | 0 | +1 | 0 | -1 | +2 | +1 | -1 | -4 | -3 |
Table 1. Recent structural changes in the banking sector of Czech Republic.
The list of the most recently opened banks in Czech Republic is provided in Table 2.
| Name | Start Date |
|---|---|
 | June 2022 |
 | April 2022 |
 | February 2019 |
 | January 2019 |
 | January 2019 |
 | October 2018 |
 | January 2018 |
 | August 2017 |
 | May 2017 |
 | December 2016 |
Table 2. The most recently opened banks in Czech Republic.
All the credit institutions operating in Czech Republic can be classified into several categories. Table 3 summarises the number of banks in each category.
| Category | Number of Banks |
|---|---|
| Banks | 15 |
| Banks | 1 |
| Branches of foreign banks | 25 |
| Building societies | 5 |
| Central banks | 1 |
| Credit unions | 1 |
| Savings associations | 4 |
Table 3. Number of banks by category in Czech Republic.
There are 26 branches of foreign banks from 13 different countries in Czech Republic. Table 4 shows 10 countries having the biggest number of branches in Czech Republic.
| Country of Origin | Number of Branches |
|---|---|
 Austria | 5 |
 Germany | 5 |
 Slovakia | 2 |
 China | 2 |
 France | 2 |
 Poland | 2 |
 Ireland | 2 |
 Netherlands | 1 |
 Denmark | 1 |
 Italy | 1 |
Table 4. Number of branches of foreign banks in Czech Republic grouped by country of origin.
Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.
From a depositor's point of view it is important to know:
All these details about deposit guarantee scheme in Czech Republic are summarised in Table 5.
Table 5. Deposit guarantee scheme in Czech Republic.
In the Czech Republic there is one deposit guarantee fund, namely Financial Market Guarantee System (FMGS).
Moody's country ceilings for deposits specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country.
Local currency (Czech koruna) deposit ceiling for Czech Republic is set to Aaa (prime), foreign currency deposit ceiling is Aaa (prime).
Chart 2. Deposit Rates in Czech Republic. Source: ECB.
