PPF Banka

PPF Banka is a Czech bank that focuses mainly on providing financial, investment and consulting services as well as private banking. It is a major subsidiary of PPF, which owns 93% of the bank. Its clients are primarily financial institutions, medium and large enterprises with Czech capital and municipal sphere entities.
the bank’s profit has risen at an annual rate of 15% to 1 385 million CZK.

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..
In 2002, the bank’s major shareholder changed and Česká pojišťovna a.s., 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.