Press Centre

18.7.2017 - Popularity of study stays abroad is growing, Czechs are increasingly borrowing money to pay for their children's education

Language study stays are becoming increasingly popular among young Czech people. They offer an opportunity to master a language better, learn how to manage money and get to know foreign cultures. When buying a stay, however, they have to go deep into their pockets as a half-year stay across the ocean can cost hundreds of thousands of korunas. Study stays are often funded by parents, who, however, often do not have enough money. Thanks to favourable conditions, more and more clients are using consumer loans to finance these stays.

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Welcome to UniCredit

We are a strong pan-European Group with a simple commercial banking model and a fully plugged in Corporate & Investment Bank, delivering our unique Western, Central and Eastern European network to our extensive client franchise.
We offer local expertise as well as international reach. We accompany and support our 25 million clients globally, providing them with unparalleled access to our leading banks in 14 core markets as well as to an another 18 countries worldwide.
Our strategic position in Western and Central and Eastern Europe enables us to command one of highest market shares in the region.
While our brand is recognizable all over Europe, we have preserved the highly valuable local brands of banks that we acquired to form our Group.

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Results

"UniCredit Bank achieved excellent results in 2016. The consolidated net profit on both markets exceeded CZK 6 bilion, which is a 7.2% increase compared to last year."

Jiří Kunert

Chairman of the Board and CEO

UniCredit Bank Czech Republic and Slovakia

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