PPF Banka

{{Infobox company

| name = PPF Banka

| type = Public limited company

| founded = {{start date |1992}}

| hq_location_city = Prague

| hq_location_country = Czech Republic

| key_people = Petr Jirásko (Director General){{Cite web|url=https://www.ppfbanka.cz/en/about-us#management|title=PPF Banka - Management|website=PPF Banka|access-date=2017-11-29}}

| products = Corporate banking for institutions and the public sector, Private banking

| owner = PPF Financial Holdings B.V. (92.96%), Prague city (6.73%)

| website = {{url |https://www.ppfbanka.cz/en}}

| logo = PPF_Banka.svg

}}

PPF Banka is a Czech bank that focuses mainly on providing financial, investment and consulting services as well as private banking.{{Cite news|url=https://ultra.news/t-t/36350/state-bank-mauritius-gets-banking-license-india-woori-ppf-queue|title=State Bank of Mauritius gets banking license in India; Woori, PPF in queue|date=2018-01-09|work=Ultra News|access-date=2018-02-28}} It is a major subsidiary of PPF (company), which owns 93% of the bank. Its clients are primarily financial institutions, medium and large enterprises with Czech capital and municipal sphere entities.{{Cite web|url=http://www.ceskenoviny.cz/zpravy/ppf-bance-stoupl-letos-cisty-zisk-o-30-procent-na-941-milionu-kc/1529672|title=PPF bance stoupl letos čistý zisk o 30 procent na 941 milionů Kč |website=ČeskéNoviny.cz|language=cs|access-date=2017-11-29}}

{{as of |2017}} the bank’s profit has risen at an annual rate of 15% to 1 385 million CZK.{{Cite news|url=https://zahranicni.ihned.cz/c1-66243430-ppf-bance-v-pololeti-stoupl-cisty-zisk-o-15-procent-postupne-tak-upevnuje-pozici-na-ceskem-bankovnim-trhu|title=PPF bance v pololetí stoupl čistý zisk o 15 procent. Postupně tak upevňuje pozici na českém bankovním trhu|agency=ČTK|date=2018-09-13|work=Hospodářské noviny|access-date=2018-11-30|language=cs}}

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. (First city bank Plc).{{Cite web|url=https://www.ppfbanka.cz/en/about-us#history|title=PPF Banka - History|website=PPF Banka|access-date=2017-11-29}}

In 2002, the bank’s major shareholder changed and Česká pojišťovna a.s. (Czech insurance company Plc), 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.

References