PPF Banka

PPF Banka
Public limited company
Founded 1992 (1992)
Headquarters Prague, Czech Republic
Key people
 Petr Jirásko (Director General)[1]
Products Corporate banking for institutions and the public sector, Private banking
Owner PPF Financial Holdings B.V. (92.96%), Prague city (6.73%)
Website www.ppfbanka.cz/en

PPF Banka is a Czech bank that focuses mainly on providing financial, investment and consulting services as well as private banking.[2] It is a major subsidiary of PPF (company), which owns 93% of the bank. Its clients are primarily financial institutions, medium and large enterprises with czech capital and municipal sphere entities.[3]

As of 2017 the bank’s profit has risen at an annual rate of 30% to 941 million CZK.[4]

History

PPF bank was founded in 1992 under the trade name Royal bank CS. The Czech capital city Prague became the major shareholder in 1995. The bank then changed its name to První městská banka, a.s. (First city bank Plc).[5]

In 2002, the bank’s major shareholder changed and Česká pojišťovna a.s. (Czech insurance company Plc), which was a member of PPF group, became the strategic investor. The bank eventually integrated fully into the PPF group and has been active as PPF banka since 2004.[5]

References

  1. ↑ "PPF Banka - Management". PPF Banka. Retrieved 2017-11-29.
  2. ↑ "State Bank of Mauritius gets banking license in India; Woori, PPF in queue | Ultra News". Ultra News. 2018-01-09. Retrieved 2018-02-28.
  3. ↑ "PPF bance stoupl letos čistý zisk o 30 procent na 941 milionů Kč | ČeskéNoviny.cz". www.ceskenoviny.cz (in Czech). Retrieved 2017-11-29.
  4. ↑ "PPF bance stoupl zisk o třetinu. Vydělala přes 940 milionů - Euro.cz". Euro.cz (in Czech). 2017-09-21. Retrieved 2017-11-29.
  5. 1 2 "PPF Banka - History". PPF Banka. Retrieved 2017-11-29.
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