Investicni A Postovni Banka A.S. - R.IAP- Profile

Investicni a Postovni Banka a.s. (IPB) was established in the nineteenth century and is one of the oldest and largest financial institutions in the Czech Republic. Until 1992 the bank was called Investicni Banka a.s.; during that year the company merged with Postovni Banka a.s.. The bank is involved in securities trading, pension fund services, insurance, leasing, real estate management and the granting of mortgage loans. IPB is also a founding member of the Prague Stock Exchange and one of its major shareholders. The Bank operates through 14 branches managed by Banking Operations Division and 7 branches managed by the Postal Savings Bank all over the country. Investicni a Postovni Banka a.s. has three foreign subsidiaries: two in Slovakia and one in Russia. Interest and fees on loans accounted for 51% of 1998 revenues; interest income on bank deposits, 11%; commission and fees income, 9%; interest on securities, 6%; insurance income, 5%; sale of securities, 5%; foreign exchange income, 2% and other interest/dividend income & other income combined, 11%.