KB prezent. angl - Komerční banka

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024 ➔025 Report of the Board of Directors Small Businesses During the year, the Bank focused on redesigning the product portfolio offered to this client segment and in this respect introduced new product packages and loan products. The new Efekt, Komfort and Excelent packages were designed to provide clients with efficient financial management and satisfy their different needs, such as the intensity of payment transactions or their preferred channel of communication with the Bank. All the packages include one of the direct banking channels, a payment card and a defined number of free payment transactions via direct banking, and other products such as an authorised overdraft, mutual funds or pension insurance. As a result, more than 45 thousand clients were using financial packages at the end of 2003. In March 2003 the Bank launched a special loan for entrepreneurs and small businesses, called Profi loan. The approval process for this product is short, lasting from three to five days, and paperwork is kept to a minimum. Between March and December, the Bank provided 2,675 Profi loans totalling CZK 1.2 billion. KB also revamped the authorised overdrafts of current accounts to make them more attractive and accessible, which led to a 39% increase in the number of clients using this product. As a result, during 2003 the Bank significantly increased the number of loans it granted to this segment to nearly 5,000, which is over four times more than in 2002. The volume of these newly granted loans tripled to a total of CZK 6.3 billion. KB was also the first bank on the market to introduce an integrated offer of franchising, which is an opportunity for clients to acquire KB loan products using the specific approach related to this type of business. Small Businesses 2003 2002 Change year on year Total number of business loans 6,472 3,199 +102.3% Total volume of business loans [CZK billion] 5.9 4.4 +32.8% Total number of overdrafts 36,784 26,464 +39.0% Total number of packages 45,135 1,433 3,049.7%
Corporate Banking Medium Enterprises & Municipalities In the segment of Medium Enterprises & Municipalities KB traditionally enjoys a strong position and serves more than 15 thousand clients via 39 MEM Business Centres. 2003 was the year of full implementation of the KB Leasing product. The Bank also introduced a new car fleet management product, KB FleetLease, in mid-2003. These two products are also offered on the Slovak market through the KB Bratislava subsidiary. In the second half of the year, KB introduced Program Vital life insurance, designed especially for employees of KB corporate clients. At the end of the year, KB became the first bank on the Czech market to introduce a special programme for companies and municipalities called Programme Ponte, used to finance projects related to the opportunity of receiving contributions from the European Union’s Structural Funds. The Bank is prepared to provide not only the pre-financing and co-financing services, but also consulting. KB also continued organising regular events with clients, called Meeting Days with KB, where clients can discuss their requirements with KB experts face to face. During 2003, six such regional events took place across the whole Czech Republic. In line with the development of international synergies, KB launched co-operation with the Italian-based Banca Lombarda, the Japanese-based UFJ Bank, the Spanish-based Banco Santander, and the Polish bank SG Poland in order to promote KB services and the Czech Republic to international clients abroad. Corporates Komerční banka is the long-term number-one bank for corporate clients in the Czech Republic and continues to strengthen its relations with leading Czech companies. Through eight specially designed business centres, the Bank provides individual and professional services to two thousand large corporations and places an intensive commercial focus on ensuring the quality, customised servicing of clients, which should strengthen existing relationships and lead to the acquisition of large and top companies, including multinationals, in the Czech Republic. Komerční banka’s objective is to build up a long-term relationship based on innovative tools like the Framework Agreement, comprising miscellaneous products ranging from loan facilities to trade finance services and financial market products within a single contractual framework. In 2003, the expanded commercial strategy promoted the services of the global Société Générale Group in the Czech Republic under the KB brand; clients may now draw on the complete range of banking and financial services offered by their relationship manager, moving beyond the more conventional corporate banking products and services to equipment and car fleet leasing, as well as retail banking services for the employees of clients, or pension fund and life insurance investment schemes. In this respect, Komerční banka won several key contracts with important corporate clients for comprehensive banking services.
Page 1 and 2: AR ➔ 03 Annual Report Komerční
Page 3 and 4: KB was named “The Trustworthiest
Page 5 and 6: 8 The total loan portfolio of the B
Page 7 and 8: Statutory Bodies and Organisation S
Page 9 and 10: Retail Banking Komerční banka’s
Page 11 and 12: Financial Highlights Unconsolidated
Page 13 and 14: Alexis Juan The product and service
Page 15 and 16: Major Events in 2003 Restructuring
Page 17 and 18: Information on Komerční banka Sha
Page 19 and 20: In 2003, both imports and exports a
Page 21 and 22: To achieve this target Komerční b
Page 23 and 24: The Distribution Network Komerční
Page 25: Retail Banking Individuals In the b
Page 29 and 30: Risk Management Risk management at
Page 31 and 32: Provisions and reserves With regard
Page 33 and 34: Methods for measuring market risk a
Page 35 and 36: Price setting ALM is in charge of e
Page 37 and 38: Information Technology and Operatio
Page 39 and 40: Corporate Citizenship - Company Act
Page 41 and 42: Net operating income Net operating
Page 43 and 44: LIABILITIES Amounts due to banks Am
Page 45 and 46: Restructuring process The restructu
Page 47 and 48: Investiční kapitálová společno
Page 49 and 50: Komerční banka Bratislava, a. s.
Page 51 and 52: Komerční pojišťovna, a. s. Shar
Page 53 and 54: Všeobecná stavební spořitelna K
Page 55 and 56: Statutory Bodies and Organisation S
Page 57 and 58: Directors Committee The Directors C
Page 59 and 60: Shareholders Shareholders Sharehold
Page 61 and 62: Auditors’ Report for Shareholders
Page 63 and 64: FInancial Statements Financial Stat
Page 65 and 66: Unconsolidated Profit and Loss Stat
Page 67 and 68: Liabilities CZK million Item no. Na
Page 69 and 70: Statement of Changes in Equity for
Page 71 and 72: State guarantee covering losses on
Page 73 and 74: (e) Securities Securities held by t
Page 75 and 76: The Bank has carried in its balance
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Certain derivative transactions, wh
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8. Administrative expenses In addit
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Reserves for off balance sheet expo
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CZK million 2003 2002 2001 Profit/(
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Set out below is an analysis by ter
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Syndicated loans granted Non-bankin
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Securities available for sale Secur
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Investments held to maturity Invest
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Company name and legal status Direc
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17. Tangible and intangible fixed a
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19. Amounts owed to banks CZK milli
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23. Subordinated liabilities In 199
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Loan collateral Collateral values a
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(C) Financial derivatives The Bank
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(D) Interest rate risk Interest rat
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CZK million On demand Up to 3 month
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Financial commitments and contingen
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Principal balances owed to the Soci
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Unconsolidated Financial Statements
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Unconsolidated Statement of Changes
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Consolidated Financial Statements u
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Consolidated Balance Sheet as of 31
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Consolidated Cash Flow Statement fo
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In the year ended 31 December 2002,
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(b) Basis of consolidation Subsidia
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The Group assesses on a regular bas
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(m) Sale and repurchase agreements
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5. Net interest income Net interest
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Social security costs include retir
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The balance of reserves for other c
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17. Cash and current balances with
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Debt trading securities at fair val
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Set out below is an analysis by ter
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Debt securities available for sale
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25. Investments in associates and u
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28. Amounts due to customers Amount
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Other provisions are composed of th
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35. Commitments and contingent liab
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Remaining maturity of remaining ins
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2003 2002 Number of the Management
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Loan collateral Collateral values a
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(C) Financial derivatives The Group
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(D) Interest rate risk Interest rat
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CZK million On demand Up to 3 month
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(G) Operational risk The Group does
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Survey of Financial Results 1999 -
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The Bank shall further carry on bus
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Shares 38,009,852 listed ordinary b
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Komerční banka Shares Type: ordin
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Surrender of GDRs Upon surrender of
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Investments Investments made by the
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Report on Relations Among Related E
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Investment banking arrangements In
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Komerční banka, a. s. Na Příkop
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KB prezent. angl - Komerční banka

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