Czech Republic

The Czech Republic is without doubt the shining star among the countries in transition. Due to its political stability and its outstanding economic performance, foreign investment in the Czech Republic exceeded even that in Hungary. Foreign banks made an important contribution to the booming investm...

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Bibliographic Details
Published inCentral European p. 9
Main Authors Trcka, Pavel, Lennkh, Peter, Palzer, Michael
Format Journal Article
LanguageEnglish
Published London Euromoney Institutional Investor PLC 01.10.1994
Subjects
Bank failures
Banking industry
Bankruptcy laws
Central banks
Currency
Deposit insurance
Economic reform
Foreign investment
GDP
Gross Domestic Product
Industrywide conditions
International banking
Investments
Manycompanies
Market economies
Market positioning
National banks
Privatization
Retail banking
Risk assessment
Savings banks
Trends
Czech Republic
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Summary:The Czech Republic is without doubt the shining star among the countries in transition. Due to its political stability and its outstanding economic performance, foreign investment in the Czech Republic exceeded even that in Hungary. Foreign banks made an important contribution to the booming investment figures and, as a consequence, Prague is currently the city that hosts the largest number of Western financial institutions in the region. All in all, the Czech banking industry has made big steps on its way toward high efficiency over the past 4 years. The biggest group of banks active in the Czech Republic is composed of 25 banks with purely Czech capital, representing 67.3% of total subscribed bank capital volume. Their share in total bank assets is much higher, amounting to up to 74.9%.
ISSN:0962-2543