Doing Business in the Czech Republic
Czech Republic Market Spotlight:
The Czech Republic has a stable, prosperous and export-oriented economy. Combined with its position among the world's export and import leaders, it presents new and potentially profitable opportunities for mid-sized businesses with a regional or international presence. The Czech Republic has a relatively low debt-to-GDP ratio and a stable legal environment.1 Moreover, the Czech Republic's location in the geographic center of Europe means lower shipping costs to and from the country's top trading partner countries, which include Germany, Poland, Slovakia and Russia.2 Still, the export-driven Czech economy remains sensitive to changes in the global economy, and mid-sized businesses require commercial banking solutions designed specifically to support their risk-management and growth strategies.
Leading manufacturers - particularly upstream suppliers to the automotive, heavy machinery and machine units industries - are realizing the competitive advantages of doing business across borders and leveraging CCB's global reach and local market expertise Dedicated, experienced Relationship Managers work closely with companies in top-tier sectors such as machinery production, chemical production and manufacturing industries to help them expand and prosper.
1 CIA World Factbook
2 Newsdesk Media
"Citi has proven to be a very innovative partner, helping us with insights into how to improve our business processes and work more effectively in different regions. I admire a bank that can resolve problems that at first seem impossible, whether it be due to various regulations or some other impediment, but manage to overcome those challenges. This is something Citi does very well."
- Major European manufacturer of hospital and nursing beds
About Citi Commercial Bank Czech Republic
Since establishing its presence in Prague in 1999, Citi Commercial Bank has opened offices in Brno, the country's second-largest city and dynamic economic center; the industrial city of Ostrava; Teplice; and regional centers in Pardubice, a chemical, electrical and mechanical engineering center.
By taking the time to understand their clients' strategic goals and the domestic and overseas business climates in which they operate, CCB's Relationship Managers build long-term client partnerships for success.
CCB Czech Republic Country Business Head
Mr. Krumpolc, who has provided leadership for CCB in the Czech Republic since 2012, describes himself as "a born Citibanker." He began his career with Citi in 2000 as a Senior Corporate Banker and has since pursued his passion for helping clients succeed as the Head of Middle Market Department. He likens his team of Relationship Managers in the Czech Republic and Slovakia to an internal partnership committed to openness, trust, and an overarching promise to clients to leverage CCB's global dimension and to customize products and solutions to meet their needs and help them succeed.
"We love victories and thus we do our best to help our clients to win and grow their businesses. We listen to understand their business, equip them with the best tailor-made solutions, and constantly challenge their ideas and plans to help them protect their interests."
- Daniel Krumpolc