Equa bank

Equa bank is a non-cash commercial bank operating in the Czech Republic. Until 2011, the bank operated under IC Bank which was established in 1993.

Equa bank
IndustryFinancial services, Banking
Founded1993
HeadquartersPrague, Czech Republic
Number of locations
43 branches + 3300 post offices
Area served
Czech Republic
Key people
Petr Řehák (CEO)
Revenue1,690,000,000 Czech koruna (2018) 
CZK 388 million (2018)[1]
Total assetsCZK 4.8 billion (2018)[1]
Number of employees
603[1]
Websitewww.equabank.cz

History

The bank was established on January 6, 1993, under the name IC Bank. It was founded by a Malaysian businessman Tan Sri Robert Tan Hua Choon as majority owner and former Prime Minister of Czechoslovakia Marián Čalfa. In September 2007, the bank was sold to Banco Popolare, an Italian publicly traded banking cooperative.[2] However, the bank was at a loss and was re-sold by the Italian bank to a British private equity firm AnaCap Financial Partners, which gave it the current name Equa bank. In 2016, Equa bank had 59 outlets and over 200,000 clients, and in its 2018 Annual Report it lists 58 outlets and close to 370,000 clients.[1] In 2019, the bank exceeded 400,000 clients.[1]

In February 2021, Raiffeisen Bank International from Austria acquired Equa Bank.[3]

References
  1. Annual Report 2018
  2. Chvátal, Dalibor Z. "Banco Popolare se mění na Equa bank. Co tomu předcházelo?". Měšec.cz (in Czech). Retrieved 2019-09-19.
  3. "Raiffeisen Bank International AG / RBI signs agreement on the acquisition of Czech Equa bank". marketscreener.com. Retrieved 2021-02-06.
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