Position of Low-Cost Banks on the Financial Market in the Czech Republic

Ales Hes and Petra Jilkova

European Research Studies Journal, 2016, vol. XIX, issue 4, 42-52

Abstract: In addition to insurance companies, pension funds, cooperative banks, investment companies, investment and share funds, and leasing companies, banks represent the most important segment of the financial sector with a stake of nearly 80% of total assets. The balance sum of the banking sector of the Czech Republic amounted to 5,476 billion CZK as of 1.3.2015. Innovative, low-cost players have become the latest trend on the banking market, presenting an alternative to traditional banking. They enforce a business mode of retail banking based on an internet platform. This paper defines and evaluates their activities compared to transnational companies in terms of business success and clients/ perception.

Keywords: banking; innovation; financial market; small and medium-sized enterprise (search for similar items in EconPapers)
JEL-codes: G21 G23 O16 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xix:y:2016:i:4:p:42-52

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