Volksbank CZ is a universal commercial bank with a wide range of interesting financial products and banking services with more than 150 years of traditions and experience. In the CR it has been successfully active since 1993. The bank started to operate as an independent joint stock company on January 1, 1997. In March 2004, the Volksbank network comprises of 19 branches and the number will grow by another 4-5 during 2004. The final figure should reach 30 branches till 2005.

The bank provides its services and products to the small and medium sized entrepreneurs, to individuals and municipalities, as well as to joint ventures and real estate developers.

Volksbank lays the emphasis on individual approach and professional advisory. The bank´s philosophy in the sphere of sales strategy stems especially from the orientation towards the clients, their wishes and requests, which consequently enables the bank to identify exactly the clients, and offer them fast and effective solutions of their needs. United in Trust - this motto represents the bank´s unique partnership with its clients. Through joint planning and trading, mutual trust develops that is especially important in international operations and relations. Such trust is the best foundation of lasting relationships and long-term successful business activities.

Volksbank CZ belongs to a strong Austrian based financial group Österreichische Volksbanken AG that is one of the ten biggest banks in Austria. Furthermore, thanks to connection to Deutsche Genossenschaftsbank Volksbank disposes with the contacts to the most important world banking centres and can take advantage of the partners´ co-operative banks´ facilities in Germany. The ÖVAG subsidiaries are besides the CR also active in Slovakia, Slovenia, Hungary, Croatia, Serbia-Montenegro, Bosnia-Herzegovina, Rumania, Malta; ÖVAG has the representative offices in Italy and France, too.Consequent on the international background of the parent company ÖVAG, the International Desk department was established within the bank and based in Prague. It takes care of international clientele - mainly from Italy and France. Along with the International Desk, the Real Estate Department was set up to offer tailored services in financing real estate projects and to cooperate with the local and the foreign investors/developers. Together, they completed many real estate projects and the bank expects to witness the same trend in the following years. Volksbank is ready to finance real estate projects in such segments as Acquisition of residential/office buildings, Reconstruction of residential/office buildings and New Development of residential/commercial schemes.

Products and services:
-CZK and foreign currency current accounts
-Maestro, MasterCard, VISA payment cards
-Domestic and foreign payments
-CZK and foreign currency term deposit accounts
-CZK and foreign currency savings books
-Electronic banking Internetbanking and Homebanking, Multicash
-Bill of exchange
-Bank and traveller´s cheques
-Overdrafts
-Consumer loans
-Housing financing
-Operating financing
-Investment financing
-Treasury services
-Trade finance
-International investment products
-Financial advisory
-Safes
-Bank guarantees
-Foreign exchange operations
-Documentary payments
-Special products for municipalities
-Volksbank and ING Funds participation certificates
-Trust-deed accounts

In-house offer of Volksbank is supplemented thanks to co-operation with partner companies VB Leasing CZ, Immoconsult (real estate financing), Victoria-Volksbanken insurance company and Ceskomoravská stavební sporitelna (building savings bank) and Diners International (Diners Club charge cards).