Česká Spořitelna ’s Ratings Affirmed

Ref: CZ00 1 2 1 CRA00- 0 1 9 November 202 2

Česká Spořitelna ’s Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Česká Spořitelna (ČS) at ‘A’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed ČS’s Bank Standalone Rating (BSR) of ‘a-’ and Core Financial Strength (CFS) rating of ‘ a-’. The Outlook for the LT FCR and BSR remains Stable.

The Bank’s LT FCR is set one notch above the BSR to reflect the moderate likelihood of extraordinary support in the event of need. We consider ČS to be of strategic importance to its parent, Erste Group Bank AG (EGB), as it provides superior cross selling potential due to its large customer base of 4.5 million, which exceeds the group’s 3.8 million in its home market….