Czech bank ČSOB selects nCino for commercial lending tech
Československá obchodní banka (ČSOB), the Czech Republic-based subsidiary of Belgium’s KBC Bank, has partnered with cloud banking provider nCino to digitise its commercial and SME lending operations.
ČSOB currently has a loan portfolio of around $42.6bn
ČSOB, which manages CZK 412 billion (approximately $17.9 billion) in assets, has selected the nCino Commercial Lending solution as part of the partnership.
The solution supports features for customer onboarding, account opening, loan origination and portfolio management.
Founded in 1964 as a state-owned bank but privatised in 1999, ČSOB’s commercial lending operations currently span operational, investment and specialised financing, including syndication and bonds, acquisition loans and receivables financing.
For entrepreneurs, the universal bank offers lending products tailored to a range of different industries along with financial leasing, business credit cards and soft loans secured by the European Investment Fund (EIF).
In its financial results for 2024, released in February, ČSOB reported a 7% year-on-year increase in its loan portfolio to CZK 979 billion (approximately $42.6 billion), alongside a group net profit of CZK 18.9 billion (approximately $823 million).
