Awards for Excellence 2008: Czech Republic
Best investment bank: Wood & Co
In a year when the virtues of retail and corporate banking have come to the fore, Ceska Sporitelna secures the best bank title again in the Czech Republic. With support from its parent, Erste Bank, it has transformed itself into a banking powerhouse. Through 640 branches Ceska Sporitelna serves more than 5.3 million customers. In the past year it put in another strong performance with net interest income growing from Kc18.37 billion in 2006 to reach Kc21.2 billion ($1.37 billion), while operating profit rose to Kc18.37 billion in 2007 from Kc15.15 billion in 2006.