Microsoft word - pr_lbbw_iq_account_entrepreneurs.doc
Martina Lambert Head of Marketing and Communications LBBW Bank CZ a.s. Telephone +420 224 406 233 Telefax +420 224 406 483 martina.lambert@LBBW.cz www.LBBW.cz
LBBW offers IQ Account for Entrepreneurs LBBW enhances its product portfolio with product especially designed for SME’s – IQ Account for Entrepreneurs IQ Account for Entrepreneurs is a package of complex bank products and services connected with current account. Clients can choose from three alternatives the one that best suits the needs of their businesses. IQ Account for Entrepreneurs simplifies the management and control
of finances and also offers many advantages and bonuses in three
alternatives. Each of those alternatives consists of the following basic
• opening and administration of a main account • sending of account statements with selected periodicity by
• opening and administration of deposit account for the
appreciation of available financial resources
• incoming payments in CZK to accounts denominated in CZK • recurring payment orders entered by electronic means or internet
• LBBW Savings Account for Entrepreneurs with extraordinary
Thanks to the selected alternative it is possible to have additional
• opening and administration of unlimited number of
• up to three payment cards • unlimited system of payments in CZK • advantageous international system of payments etc.
The main advantage of the IQ Account for Entrepreneurs is the
possibility of the selection of alternative, which matches the client’s
profile. The basic criteria for the selection of the best alternative are
e.g. the frequency of domestic and international payment transactions,
preference of face-to-face meetings at the bank’s branches or the
necessity of managing the account 24/7 through the internet banking
or the required number of payment cards etc. It is possible to switch
and change alternatives according to client’ actual needs.
Management fees of the IQ Account for Entrepreneurs depend on the
selected alternative and frequency of account statements. The monthly
„As the names of the alternatives indicate – BASIC, STANDARD and
COMFORT – alternatives differ in the range of services and bonuses.
I am positive that with this product package we can satisfy our clients’
needs ranging from small businesses which do not wish to pay for
unused services, numerous amounts of middle-sized companies with
standardized requests, to highly selective clients requiring comfort and
individual approach,” says Ing. Martin Šimek, SME Product Manager.
More information about this product including description of products
and services in different alternatives can be found at www.LBBW.cz.
Page 3 Press Release Note for editors
LBBW Bank CZ a.s. has been present on the Czech banking market since
1991, and over the years it has established a firm position as a modern and
universal commercial bank. From September 1, 2008 Landesbank Baden-
Württemberg (LBBW) has been its 100% shareholder. LBBW Bank CZ a.s.
provides top-class services in the area of corporate, retail, investment and
international banking as well as on the financial markets. LBBW Bank was
selected and awarded by experts as the Third Most Dynamic Bank of the Year 2008.
In the past, the bank has changed both its shareholder and its name. Under
the name of LBBW Bank CZ a.s. it is known as of September 17, 2008. Until
this time the bank was active on the Czech market under the name of BAWAG
Landesbank Baden-Württemberg (LBBW) is a universal bank and an
international commercial bank. LBBW belongs to one of the largest banks in
Germany and ranks among the 50 largest credit institutions worldwide. The
LBBW Group offers a wide range of products and services for retail, corporate
and institutional customers, as wel as the public sector and savings banks.
LBBW’s head offices are located in Stuttgart, Karlsruhe Mannheim and Mainz.
With a balance sheet total of EUR 448 bil ion (as of December 31, 2008) at the
Group level, more than 200 branches, mainly in Baden-Württemberg, along
with the LBBW Centers for Financial Services in all major financial hubs in
Germany. Landesbank Baden-Württemberg is the largest bank in southwest of
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