Českomoravská stavební spořitelna (ČMSS) will be renamed ČSOB Stavební spořitelna in March next year. This completes the integration into the group ČSOB. The ČMSS mascot, the well-known Liška, will continue to accompany the building society. The change of name will not have any impact on the clients of the building society and their contracts, ČSOB promises.
The name will be changed on March 11, 2021. “We will thus complete the integration into the ČSOB Group, which began last year. Thanks to the integration, our clients will find all services related to living under one roof and one brand, ”says Petr Hutla, a member of the ČSOB Board of Directors.
Apart from the change of name and logo, and the related change in the appearance of ČMSS outlets, the renaming will not affect clients in any way. All client savings and loan agreements remain in force, clients do not have to take any action.
ČSOB Stavební spořitelny logo.
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ČMSS, also known as Liška, has been operating on the market since 1993 and is the largest building society on the Czech market. It currently has about 1.3 million clients, has historically concluded over 1.1 million loan agreements and over 8 million savings agreements.
ČSOB became the 100% owner of ČMSS in 2019, when it acquired a 45% stake from Bausparkasse Schwäbisch Hall. The remaining share from the German partner was acquired by ČSOB for 240 million euros, ie for more than six billion crowns.
Since then, the integration of the building society into the ČSOB Group has continued. For example newly created the Retail Loans department, which covers the existing separate departments providing loans to citizens at ČMSS, ČSOB and Hypoteční banka. Tomáš Sobotka will be its director from September 1.
In connection with the integration, the employees of the ČMSS headquarters will also be relocated to the ČSOB Campus building in Radlice. This step, as well as the integration of selected teams into ČSOB’s organizational structure, will take place in the second half of September this year. Stavební spořitelna at the end of June announced the sale its headquarters in Vinohradská.
In the last few months, the ČSOB Group has also been merging and saving costs, as the group gradually weakens the Poštovní spořitelna brand. Currently to clients announcedthat from November it will no longer publish its own conditions and price list.
The last renaming of the building society market took place at the beginning of July. That’s when Wüstenrot changed to Moneta Stavební spořitelnu. Last year, the Moneta Group bought the Czech activities of Wüstenrot.
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