Societe Generale (which holds 60%-stake in Komercni banka) intends to launch a new consumer credit subsidiary in the Czech Republic in H2 2003 (a venture of KB and SG) that would use KB's branches and external sales network to distribute consumer loans at supermarkets, car dealerships, and electronics shops, the Bloomberg news service reported yesterday. These products would supplement KB's current product offer and could marginally enhance KB's revenues.
KB is to hold a conference call for analysts concerning the bank’s full-year 2002 results on March 31, 2003, at 4 p.m. CET.
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