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The story
Founded by National Property Fund in 1992, in Prague.1
History
The bank was founded in 1990 following separation of commercial activities from the former State Bank of Czechoslovakia. In 1992, the bank was partially privatized in voucher privatization.
In 2001, the state’s 60% holding in Komerční banka was purchased by Société Générale. Following privatization, KB began significantly to develop its activities for individual customers and entrepreneurs, in addition to building on its traditionally strong position in the enterprises and municipalities market.
In 2014 the Komerční banka signed a partnership with the National Gallery in Prague.
In 2020 Komerční banka acquired 96% of Upvest, which was founded in 2017 and is based in Prague.
In 2021, the bank had 241 branches and operated 857 ATMs.
In January 2021, Komerční banka announced that, in cooperation with Syncordis, it will begin the transition to a new software platform from Temenos, with the aim of achieving the reference level for the digitization of banking services in the Czech Republic. According to Komerční banka's CEO Jan Juchelka, this is a crucial Investment for the bank and is supposed to improve the customer experience. Komerční banka's partnership with Syncordis includes the supply and implementation of the banking software.
In 2022 Komerční banka launched an initiative to make all Czech banks cooperate with each other in using and sharing a single ATM network instead of each bank having its own. This means that only one ATM will be required, which customers of all participating banks can use without additional fees. The network started with only Komerční banka and Moneta Money Bank as part of it, until UniCredit Bank and Air Bank joined them in February 2023.
In March 2025, Komerční banka became the sole shareholder of SG Equipment Finance Czech Republic by acquiring the remaining 49.9% stake.
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Komerční banka Jistota Foundation
The Jistota Foundation has been supporting projects in the areas of social and health care services for over 20 years while focusing on senior citizens and children. In 2014, it supported 99 projects, mainly through financial support from the Bank and its associated companies but also thanks to employee initiatives. In addition to their donating money, the employees also constitute the Foundation’s management and supervisory boards. The Foundation’s donations in 2014 exceeded CZK 9 million.
From Wikipedia’s article on Komerční banka, shared under CC BY-SA 4.0.5