Analysis
Who really owns Czech banks?
Most well-known Czech banks have foreign owners. Domestic capital has a smaller presence in the banking market; major banks with Czech ownership include Fio and part of MONETA Money Bank’s shareholder structure.
Key findings
Most well-known Czech banks have foreign owners. Domestic capital has a smaller presence in the banking market; major banks with Czech ownership include Fio and part of MONETA Money Bank’s shareholder structure.
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Explanation
Who really owns Czech banks? Most well-known “Czech” banks have foreign owners — Austrian, Belgian, French or Italian groups. Domestic capital has a smaller presence in the banking market; major banks with Czech ownership include Fio and part of MONETA Money Bank’s shareholder structure. After the 1990s, when Czech credit unions lacked sufficient capital and efficiency, strong foreign groups took the leading role. Today they are among the most profitable players in the Czech market.