Komerční banka today unveiled the first renamed branch of Modrá pyramida in Prague’s Ječná Street. It now joins the network of 215 KB branches with another 190 KB Advice Points. The team of 500 financial advisors of Modrá pyramida now becomes part of the KB distribution network. This is a unique project on the Czech banking market, where Komerční banka and Modrá pyramida connect the banking world with the business world of financial advisors.
“Within the KB Group, we want to make more active use of the synergies and strengths of the individual companies and share them more effectively with each other. Blue Pyramid’s internal distribution network, now KB’s internal advisory network, is a typical example of this. We want to use the business model of financial consulting to the benefit of the distribution of products and services of the new KB era,” says Miroslav Hiršl, Member of the Board of Directors of Komerční banka responsible for retail banking.
KB’s internal advisory network will share the same technological and information facilities with the bank’s advisors, as well as the same control and regulatory environment. Financial advisors will now have all the information they need to conduct a proper advisory conversation.
“One of the main benefits for clients will be the expansion of the number of full-service trading desks in the new KB era. The addition of KB’s internal advisory network will strengthen Komerční banka’s physical presence in smaller towns where the bank currently does not have a branch. The client experience at all business locations, including KB Advice Points, will thus be identical in the target state,” explains Miroslav Hiršl.
This new model also brings undeniable advantages for financial advisors. They will now have an expanded portfolio of products and services to offer the Group’s clients. Those interested in working as an advisor in the KB Group will also now be able to choose between a career as an employee or an entrepreneur, depending on their preferences. Last but not least, the combination with the strong KB brand will bring advisors a stable background, greater prestige and the opportunity to further improve their qualifications and professionalism.
Blue Pyramid Building Savings Bank started changing into the colours of its parent company in October. By the middle of next year, the exterior and interior of all 190 Blue Pyramid branches will gradually undergo the change.
