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Banking
in Czech Republic
The Czech Republic is a landlocked country
in Central Europe. The country borders Poland to the northeast, Germany
to the west and northwest, Austria to the south and Slovakia to the east.
The Czech Republic has been a member of NATO since 1999 and of the
European Union since 2004. The Czech Republic is also a member of the
Organization for Security and Cooperation in Europe (OSCE). As an OSCE
participating State, the Czech Republic’s international commitments are
subject to monitoring under the mandate of the U.S. Helsinki Commission.
From 1 January 2009 to 30 June 2009, the Czech Republic held the
Presidency of the Council of the European Union.
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List
of Banks in Czech Republic
Central bank: Czech National Bank
The Czech National Bank is the central bank and
financial market supervisor in the Czech Republic
with its headquarters in Prague. The Bank's governor
is Miroslav Singer. In accordance with its primary
objective, the ČNB sets monetary policy, issues
banknotes and coins and manages the circulation of
currency, the payment system and settlement between
banks. It also performs supervision of the banking
sector, the capital market, the insurance industry,
pension funds, credit unions and electronic money
institutions, as well as foreign exchange
supervision.
According to the Czech Constitution and the Act on
the Czech National Bank (pdf, 137 kB), the CNB’s
primary objective is to maintain price stability.
Without prejudice to its primary objective, the CNB
also supports the general economic policies of the
Government. The CNB achieves its primary objective –
price stability – by making changes to key interest
rates. The interest rate decisions of the CNB Bank
Board are based on the current macroeconomic
forecast and an assessment of the risks to its
fulfilment. On the Czech Republic’s entry into the
euro area, the CNB will cede independent monetary
policy to the European Central Bank.
The individual subsections of the “Monetary policy”
section describe the monetary policy objective, the
definition of price stability, the CNB’s monetary
policy regime, i.e. inflation targeting, and the
monetary policy instruments used by the CNB. It
contains the current inflation forecast and the
quarterly Inflation Report. The subsection “CNB
Board decisions” contains the Bank Board’s monetary
policy decisions in the form of written minutes of
its meetings as well as presentations and audio
recordings from the press conferences that follow
each monetary policy meeting. The subsection
“Strategic documents” includes, for example,
documents relating to the announcement of the
inflation target, analyses of the Czech Republic’s
alignment with the euro area and The Czech
Republic’s Updated Euro-area Accession Strategy. An
electronic quarterly Central Bank Monitoring is
available for anyone interested in recent monetary
policy developments in other central banks.
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Banking in Czech Republic
Banks Operating in Czech Republic
Name |
Address |
Web Site |
Abn Amro Bank |
3, Lazarska st. POB 773 11121 Prague 1 |
www.abnamro.com |
Bank Austria Creditanstalt |
7, Revolucni st. 11005 Prague 1 |
www.ba-ca.cz |
Citybank |
178, Evropska st. 16640 Prague 6 |
www.citibank.com |
Commerzbank AG |
1, Jugoslavska st. 12021 Prague 2 |
www.commerzbank.cz |
Ceska sporitelna |
1929/62 Olbrachtova st. 14000 Prague 4 |
www.csas.cz |
Ceskoslovenska obchodni banka |
14, Prikope st. 11520 Prague 1 |
www.csob.cz |
Hypovereinsbank |
24, Italska st. 12149 Prague 2 |
www.hypovereinsbank.cz |
GE Capital bank |
18, Hybernska st. 11000 Prague 1 |
www.gecb.cz |
Investicni a postovni banka |
32, Senovazne nam st. 11403 Prague 1 |
www.ipb.cz |
Komercni banka |
33, Na Prikope st. POB 839 11407 Prague 1 |
www.kb.cz |
Konsolidacni banka Prague |
438/2 Jnovskeho st. 17006 Prague 7 |
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Zivnostenska banka |
20, Pricope st. 11380 Prague 1 |
www.zivnobanka.cz |
Commercial and Savings banks:
Citibank
Česká exportní banka
Česká spořitelna
Českomoravská stavební spořitelna
Českomoravská záruční a rozvojová banka
Československá obchodní banka
GE Money Bank
HYPO stavební spořitelna
Hypoteční banka
IC Banka
J&T Banka
Komerční Banka
Landesbank Baden-Württemberg
MBank
Modrá pyramida stavební spořitelna
PPF banka
Raiffeisenbank, a.s.
Raiffeisen stavební spořitelna
Stavební spořitelna České spořitelny
Unicredit Bank
Volksbank CZ
Wüstenrot - stavební spořitelna
Wüstenrot hypoteční banka
Branch offices of foreign banks
ABN AMRO
Bank of Tokyo-Mitsubishi UFJ
Calyon
Commerzbank AG
Deutsche Bank AG
Fortis Bank
HSBC Bank (Europe)
ING Group
Oberbank AG
Privatbank AG der Raiffeisenlandesbank Oberösterreich
Raiffeisenbank im Stiftland eG
Všeobecná úverová banka
Waldviertler Sparkasse von 1842 AG
Swiss Bank accounts options
Banking Latvia
Offshore Banking Guide
List of
Banks in the Caribbean
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