Ceska sporitelna a.s. · Prague Czech Republic
Company Description
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This link will open in a new window Ceska sporitelna (Czech Savings bank) helps Czechs keep track of their checks. The savings bank is the largest in the country, with more than 600 branches scattered throughout the Czech Republic; it offers a complete range of financial products and related services. Among its 5.3 million clients are private citizens, small- and medium-sized businesses, municipalities, and corporations. The bank's 14 subsidiaries provide insurance, fund management and real estate and consulting services. Founded in 1825, the company started trading on the public stock exchange in 1991; it has been a member of the Erste Bank Financial Group since 2000, when Erste Bank purchased the company from the Czech National Property Fund. To read the full description, subscribe now.
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Key Ceska sporitelna a.s. Financials
| Company Type | Public Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $50,482.0 |
| Employees | 10,242 |
Ceska sporitelna a.s. Executives
16 executives listed for Ceska sporitelna a.s.'s Prague, location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Gernot Mittendorfer | Network |
| Vice Chairman of the Board of Directors and First Deputy CEO | Dusan Baran | Network |
| Chief Economist and Head Research | David Navratil | Network |
Competition
Competitive Landscape for Ceska sporitelna a.s.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Ceska sporitelna a.s. Competitors
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