Prague, 1-12-2014 — /EuropaWire/ — KB Penzijní společnost was named “The Best Pension Fund Czech Republic 2014” for the fourth time in a row in the prestigious Awards of the UK-based Global Banking and Finance Review portal. In these ratings, KB Penzijní společnost has not found its defeater since 2011!
Global Banking & Finance Review is globally one of the most frequently visited online magazines on international banking and finance.
The judging panel mainly evaluates the long-term transparency of pension funds, and their management and control system, customer services and success of investment strategies. The risk management system, yields achieved, investment diversification, overall security of assets under management, return on investment, cost efficiency etc. also play an important role in the overall rating charts.
“The Komerční banka Group has long been one of the most reliable partners for citizens as regards pension savings. This is also borne out by KB Penzijní společnost’s successes in international awards, where expert juries decide on the basis of clearly set criteria,” said Pavel Racocha, KB Penzijní společnost’s Chairman and Executive Director.
Stability and financial strength are not the only benefits offered by KB Penzijní společnost. Every client can use free on-line access to their account, and so easily check the credited payments or print out the latest account statements. In addition, Komerční banka’s clients recoup 1% of every payment they make using their Lady or A credit cards, and this amount is credited to their pension savings account at KB Penzijní společnost.
The number of pension insurance participants at KB Penzijní společnost reaches 558,000. In the two pillars of the pension system, KB PS manages more than 567,000 active contracts. In 2013, it was one of only two pension companies that ended up in the black. As at 30 September 2014, the volume of funds managed by KB Penzijní společnost exceeded CZK 39.5 billion.
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