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The history of Živnostenská banka from the year 1989 to the present
Dokulilová, Lenka ; Půlpán, Karel (advisor) ; Havel, Jiří (referee)
This academic paper discusses the historic development of the "Živnostenská banka" after the year 1989 set within the context of the development of the banking sector in the Czech Republic following the fall of the communist regime. The introduction and the first chapters of this paper discuss briefly the history of the "Živnostenská banka" from 1869 till 1989. The following chapters focus in general on the development of the banking sector since the year 1989, deal with the privatisation of the banking sector that was carried out in a coupon form as well as in the form of direct sales to foreign investors and the consequent and changing of the ownership-structure in the 1990s. In these years, the "Živnostenská banka" experienced numerous changes in the ownership-structure as well as in the structure of the offer of bank-products. Even though that the "Živnostenská banka" has been owned by several foreign investors, who were fluctuating in the position of a majority owner, it maintained its goodwill, reputation and the position of a relatively significant competitor on the bank-product market. In the year 2002 the "Živnostenská banka" was sold to an Italian owner who a year later became the hundred-per-cent holder. After more than a decade of a coexistence of the Czech brand "Živnostenská banka" and the...
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Microfinance and Microcredit, Sustainability of MFIs and Impact of the Financial Crisis
Dokulilová, Lenka ; Janda, Karel (advisor) ; Chytilová, Julie (referee)
The nearly one-sixth of the world's population lives with income lower than US$ 1 per day. These poor people are classified as non-bankable because of their low or no income, no steady employment, no collateral or no credit history. Despite of these facts, the potential of credit markets in developing countries is high. The microfinance system tries to help these people to establish their own profitable businesses and cross the border of poverty. In these days, microfinance sector has estimated customer base of more than 66 million borrowers globally. Many of MFIs became strong and financially sustainable institutions, unfortunately sometimes they forgot what the initial purpose of their existence was and are focused more on profit than social mission. The microfinance sector is known for its adaptability and quite healthy survival of past financial crises. However, current global financial crisis is testing the resilience of MFIs hardly. The MFIs are much more connected to international financial markets and certainly, they will not survive the crisis without any scratches.
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The history of Živnostenská banka from the year 1989 to the present
Dokulilová, Lenka ; Půlpán, Karel (advisor) ; Havel, Jiří (referee)
This academic paper discusses the historic development of the "Živnostenská banka" after the year 1989 set within the context of the development of the banking sector in the Czech Republic following the fall of the communist regime. The introduction and the first chapters of this paper discuss briefly the history of the "Živnostenská banka" from 1869 till 1989. The following chapters focus in general on the development of the banking sector since the year 1989, deal with the privatisation of the banking sector that was carried out in a coupon form as well as in the form of direct sales to foreign investors and the consequent and changing of the ownership-structure in the 1990s. In these years, the "Živnostenská banka" experienced numerous changes in the ownership-structure as well as in the structure of the offer of bank-products. Even though that the "Živnostenská banka" has been owned by several foreign investors, who were fluctuating in the position of a majority owner, it maintained its goodwill, reputation and the position of a relatively significant competitor on the bank-product market. In the year 2002 the "Živnostenská banka" was sold to an Italian owner who a year later became the hundred-per-cent holder. After more than a decade of a coexistence of the Czech brand "Živnostenská banka" and the...
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