Czech Export Bank (Česká exportní banka, a.s.) is a specialised banking institution, directly and indirectly state-owned, for the state support of exports.
It was set up in 1995 and is one of the pillars of the government’s pro-export policy system. CEB's mission is to support Czech exports; therefore, its principal goal is not to generate maximum profits, but a maximum volume of state-supported export. During its existence, Czech Export Bank has supported export to 81 countries with an aggregate value of over CZK 375 billion. In 2014, CEB generated a gross profit of CZK 549 million. The Bank is fully controlled by the Czech state which owns 80% of the Bank’s share capital directly and 20% of the share capital indirectly via EGAP. As of September 30, 2015, CEB had total assets of CZK 93.845 billion (US$3.9 billion) and loans and receivables of CZK 84.3 billion (US$3.5 billion).
Credit Ratings
The two leading rating agencies Standard & Poor's and Moody's have given Czech Export Bank a long-term rating of AA- and A1, respectively.
Czech Export Bank shareholders:
The state owns 80% of the shares.
Export Guarantee and Insurance Corporation owns 20% of the shares.
The ministries which vote and adopt the shareholders’ decisions:
Ministry of Finance
Ministry of Industry and Trade
Ministry of Foreign Affairs
Ministry of Agriculture
Head office address:
Vodičkova 34
111 21 Praha 1
Czech Republic
Phone: +420 222 841 100
Fax: +420 224 226 162
SWIFT: CZEE CZ PP
Website: www.ceb.cz
Representative Office in Russia
7, Masha Poryvaeva Street
107078 Moscow
Russian Federation