ERSTE Private Banking

Česká spořitelna is the largest Czech bank in terms of the number of clients, which is approximately 4.7 million. It is part of the Erste Group operating in Central and Eastern Europe, based in Vienna.

Erste Private Banking providing private banking services – key facts:

  • It operates in six Central European countries
  • EPB provides international investment and finance management services
  • EPB takes care of assets worth € 24 billion (Source: Erste Group, June 2018)
  • In the Czech Republic, it focuses on private clients with assets of over CZK 10 million and manages assets worth over CZK 65 billion in total (Source: Erste Group, September 2018)
  • Czech branches can be found in eleven cities: Praha, Plzeň, České Budějovice, Ústí nad Labem, Liberec, Pardubice, Hradec Králové, Ostrava, Olomouc, Brno, Zlín.
ERSTE Private Banking

Key advantages:

  • branch network
  • Wealth Management
  • luxury branches
  • Internet banking – offered
  • Safe Box – selected branches
  • Discreet Cash Deposit – selected bracńches
  • Concierge – card additional services
  • Payment Cards – offered
  • FX trading – offered
  • Treasury products for Private Banking clients – offered
  • Gold and Diamonds – selected branches
  • Lombard Loans – offered
  • Mortgage – offered
  • American Mortgage – offered
  • Non-secured Loans – offered

Rental of Fine Arts

  • Tailor-made portfolios  – offered from 25 million CZK
  • Strategies – relative return, absolute return
  • Refference currencies  – CZK, EUR, USD, CHF
  • Ethical investment and investment in sustainable development – not offered
  • Instruments used for bulding of portfolio – mutual funds, bonds, shares
  • Currency hedge – offered
  • Offered strategies – relative return, absolute return
  • Refference currencies – CZK, EUR, USD
  • Instruments used for building of portfolio – Mutual funds, bonds
  • Trade instruction – signed phone instruction, phone instruction
  • Currency hedge – not offered
  • Financial planning – offered
  • Instruments  – mutual funds, shares, bonds, certificates, ETF, CFD, FKI
  • Trading instructions – signed phone instruction, phone instruction, online
  • Trading platforms – Investiční makléř ČS, TraderGO
  • Ethical investment and investment in sustainable development – mutual funds
  • Currency hedge – not offered
  • Structured bonds
  • Individual bond issues
  • Certificates
  • Fonds of Qualified Investors
  • Private Equity
  • Investment Gold
  • Advisory for intergeneration transfer of assets – by external partners
  • Fine arts consultancy – by external partners
  • Real estate consultancy, real estate finance consultancy – by external partners
  • Advice on charity and philanthropy – not offered
  • Use the bank’s background for client meetings with their partners – not offered

FWR Private Banking introduces a new form of portfolio management

Author: Robert Mocek, RM Advisory

Let us not delude ourselves that an individually managed portfolio brings more benefit to the client than a well-built strategy in the form of a single fund of qualified investors. In order for the manager to really approach the portfolio management individually, such a portfolio would have to be in the size of hundreds millions of crowns. Even such a portfolio, however, takes advantage of the bank’s view of the composition of the portfolio and must comply with a number of constraints.