Czechia
CZECH REPUBLIC: CPI acquires 19 office buildings from PPF
Following almost a year of negotiations, Radovan V?tek's CPI group has completed a deal to acquire 19 office buildings in Prague and other Czech towns and cities from Czech billionaire Petr Kellner's PPF Group.
13 October 2011CZECH REPUBLIC: Czech CSOB owner in debt rating downgrade
International ratings agency Moody's has downgraded its rating for the Belgian bank at the center of the financial group that controls one of the Czech Republic's biggest banks, CSOB. Moody's marked down KBC Bank's long-term senior debt and deposit rating from A1 to Aa3 and at the same time downgraded from A1 to A2 the KBC Group's senior debt rating.
28 September 2011Decreasing profit for the insurance market in the Czech Republic
In the first three months of 2011, insurers activating on the profile market in the Czech Republic achieved a net profit of EUR 160.3 million, down by EUR 36.1 million compared to Q1/2010, as show the data recently published by the National Bank of Czech Republic.
4 July 2011Profit of CESKA Pojisovna grew by 67 percent, to EUR 135,6 million
The half-yearly financial results of CESKA Pojistovna reached one of
the highest values in the history - EUR 135,6 million - when the
year-on-year profit grew by 67 percent, compared with the EUR 81,3
million in the last year.
29 October 2009UNIQA reports 16% premium growth for 2008 in Czech Republic
UNIQA Pojistovna, which represents the Austrian Group UNIQA in the
Czech Republic, has reported a preliminary premium growth of 15.7% to
EUR 175 million for the year 2008.
20 March 2009
