Československá obchodní banka’s Ratings Affirmed

Ref: CZ00 2 20 CRA00-1 5 November 20 21

Československá obchodní banka’s Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong-Term Foreign Currency Rating (L T FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of Československá obchodní banka (ČSOB) at ‘A’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed ČSOB’s B ank Standalone Rating (B SR ) of ‘a’ and C ore F inancial S trength (CFS) rating of ‘a’. The Outlook for the LT FCR and BSR is Stable.

The affirmation of the ratings is primarily supported by ČSOB’s sound capital adequacy, good asset quality and conservative risk management, and its strong liquidity profile. Another supporting factor for the ratings is the Bank’s long-term focused and supportive ownership by the KBC Group (KBC) .

ČSOB’s BSR is derived from a CFS…