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Journal Article
Foreign banks develop strategy for Czech
1994
Overview
In the Czech Republic, foreign banks are moving from traditional banking services, including lending activities, to more sophisticated products involving capital market transactions and currency exchange risk management. Over the past 2 years, foreign banks have opened 12 banking subsidiaries, 10 branches, and 37 representative offices in the republic. The Czech National Bank believes the influence of foreign banks is critical for the internationalization of the Czech banking system. At present, foreign banks have only a 5% share of the $23.6 million total credit portfolio registered by the banking sector in 1993. However, many foreign banks have been intensifying their activities in the Czech corporate sector. One spur for foreign bank development has been the increasing demands from existing domestic clients.
Publisher
Euromoney Institutional Investor PLC
