Includes special features of this country’s banking system and rules/laws that might impact U.S. business.

The banking sector is dominated by three banks: Ceska sporitelna, CSOB, and Komercni banks, which are owned by foreign bank financial groups. The Czech banking sector is comparable to most similar-sized Western European economies. Foreign and large domestic banks offer a diverse range of products and services, including investment banking, investment funds and advisory, brokerage, underwriting, insurance, pension funds, and leasing, among other services. The Czech National Bank supervises the banking sector.

Internal bank transfers are completed within the same day; domestic transfers are completed within the next working day; and transfers between major U.S. and Czech banks usually take less than a week. Both commercial and retail banking offer accounts in numerous currencies, including the Czech crown, the euro, and the U.S. dollar.
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.