Prague, 13 December - The board of directors of Komercni banka, a.s. approved an intention to accept a subordinated debt in the amount of 6 billion Czech crowns (6 000 000 000 CZK). The counterparty of this transaction will be Société Générale S.A., parent company of Komercni banka, a.s.
Accepting of the subordinated debt is subject to the approval of the Czech National Bank in relation to acceptability of the subordinated debt for purpose of capital adequacy. Accepting of the subordinated debt will strengthen bank’s capital and thereby support further growth potential as well as optimize capital structure.
Contact:
Marie Petrovova
KB Spokesperson
+420 222 432 144
Komercni banka is the third largest bank in the Czech Republic by the volume of its assets, and provides comprehensive services to clients in retail, corporate and investment banking. Komercni banka's 7,500 employees serve more than 1,500,000 clients, who have access to an extensive network of 367 points of sale throughout the country. KB operates 639 ATMs and more than 820,000 clients use one of the bank’s direct banking channels.
KB is part of the Société Générale Group, the fifth largest banking group in the Eurozone, with 103,000 employees serving 19.8 million clients all over the world.