{"id":77312,"date":"2026-05-06T11:44:13","date_gmt":"2026-05-06T11:44:13","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/77312\/"},"modified":"2026-05-06T11:44:13","modified_gmt":"2026-05-06T11:44:13","slug":"italove-mohou-zasadne-posilit-na-ceskem-bankovnim-trhu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/77312\/","title":{"rendered":"Italov\u00e9 mohou z\u00e1sadn\u011b pos\u00edlit na \u010desk\u00e9m bankovn\u00edm trhu"},"content":{"rendered":"

Italsk\u00e1 bankovn\u00ed skupina UniCredit zah\u00e1jila form\u00e1ln\u00ed nab\u00eddku na p\u0159evzet\u00ed n\u011bmeck\u00e9 Commerzbank. Pokud by transakce prob\u011bhla \u00fasp\u011b\u0161n\u011b, pos\u00edlili by ital\u0161t\u00ed bank\u00e9\u0159i i\u00a0v \u010cesku. Krom\u011b \u010desk\u00e9 pobo\u010dky Commerzbank, kter\u00e1 obsluhuje hlavn\u011b firemn\u00ed z\u00e1kazn\u00edky, by toti\u017e ovl\u00e1dli i\u00a0mBank, kter\u00e1 se zam\u011b\u0159uje hlavn\u011b na drobn\u00e9 klienty. <\/p>\n

Bilan\u010dn\u00ed sumy obou bank, tedy objem spravovan\u00fdch financ\u00ed v\u00a0\u010cesku \u010din\u00ed dohromady necel\u00fdch 200\u00a0miliard korun, co\u017e je zhruba jako u\u00a0Creditas \u010di Airbank.<\/p>\n

Pod cenou<\/p>\n

UniCredit zah\u00e1jila nab\u00eddku na p\u0159evzet\u00ed Commerzbank z\u00a0pozice finan\u010dn\u00ed s\u00edly. V\u00a0prvn\u00edm \u010dtvrtlet\u00ed leto\u0161n\u00edho roku dos\u00e1hla rekordn\u00edho \u010dist\u00e9ho zisku 3,2\u00a0miliardy eur, co\u017e je o\u00a016\u00a0procent v\u00edce ne\u017e ve stejn\u00e9m obdob\u00ed lo\u0148sk\u00e9ho roku. Analytici p\u0159itom o\u010dek\u00e1vali zisk 2,7\u00a0miliardy eur; a\u00a0banka tedy p\u0159ekonala n\u00e1zor trhu o\u00a0v\u00edce ne\u017e 18\u00a0procent.<\/p>\n

Hodn\u011b k\u00a0tomu p\u0159isp\u011bl i\u00a0region st\u0159edn\u00ed a\u00a0v\u00fdchodn\u00ed Evropy, kam spad\u00e1 i\u00a0\u010desk\u00e1 \u010d\u00e1st skupiny. Provozn\u00ed zisk UniCredit v\u00a0regionu stoupl o\u00a0osm procent na 800\u00a0milion\u016f eur a\u00a0v\u00fdnosy o\u00a0\u010dty\u0159i procenta na 1,2\u00a0miliardy eur.<\/p>\n

Commerzbank je o\u00a0pozn\u00e1n\u00ed slab\u0161\u00ed. Analytici na prvn\u00ed \u010dtvrtlet\u00ed 2026\u00a0odhaduj\u00ed \u010dist\u00fd zisk pod 0,9\u00a0miliardy eur a\u00a0pro cel\u00fd rok 3,5\u00a0miliardy eur. A\u00a0pr\u00e1v\u011b rozd\u00edl v\u00a0ziskovosti je jedn\u00edm z\u00a0hlavn\u00edch argument\u016f, jimi\u017e \u0161\u00e9f UniCredit Andrea Orcel p\u0159esv\u011bd\u010duje akcion\u00e1\u0159e Commerzbank k\u00a0p\u0159ijet\u00ed nab\u00eddky.<\/p>\n

UniCredit p\u0159edlo\u017eila v\u010dera n\u011bmeck\u00e9 Commerzbank ofici\u00e1ln\u00ed nab\u00eddku na v\u00fdm\u011bnu akci\u00ed. Za ka\u017ed\u00fd cenn\u00fd pap\u00edr Commerzbank nab\u00edz\u00ed Italov\u00e9 0,485\u00a0vlastn\u00ed akcie, co\u017e odpov\u00edd\u00e1 zhruba 31\u00a0eur\u016fm za akcii. Commerzbank v\u0161ak na frankfurtsk\u00e9 burze v\u00a0den p\u0159edlo\u017een\u00ed nab\u00eddky uzav\u0159ela na 35,59\u00a0eura, tedy o\u00a0v\u00edce ne\u017e \u010dtrn\u00e1ct procent v\u00fd\u0161e, ne\u017e \u010din\u00ed nab\u00eddnut\u00e1 hodnota. Dnes se dopoledne obchodovala Commerzbank za 36,35\u00a0eura. Lh\u016fta pro p\u0159ijet\u00ed nab\u00eddky vypr\u0161\u00ed 16.\u00a0\u010dervna 2026.<\/p>\n

<\/a><\/p>\n

\u201e\u00datok\u201c na Commerzbank za\u010dal u\u017e v\u00a0z\u00e1\u0159\u00ed 2024, kdy tehdej\u0161\u00ed n\u011bmeck\u00fd ministr financ\u00ed Christian Lindner (FDP) rozhodl o\u00a0prodeji st\u00e1tn\u00edho bal\u00edku v\u00a0Commerzbank ve v\u00fd\u0161i 4,5\u00a0procenta akci\u00ed. UniCredit tento bal\u00edk z\u00edskala a\u00a0od t\u00e9 doby sv\u016fj pod\u00edl s\u00a0postupn\u00fdm souhlasem Evropsk\u00e9 komise navy\u0161ovala. N\u011bmeck\u00e1 spolkov\u00e1 vl\u00e1da na to zareagovala t\u00edm, \u017ee zastavila prodej sv\u00e9ho zbyl\u00e9ho 12,7procentn\u00edho st\u00e1tn\u00edho pod\u00edlu.<\/p>\n

Vedle p\u0159\u00edm\u00fdch n\u00e1kup\u016f akci\u00ed si ale UniCredit zajistila p\u0159\u00edstup k\u00a0dal\u0161\u00edm 3,22\u00a0procent\u016fm prost\u0159ednictv\u00edm deriv\u00e1t\u016f. Podle agentury Reuters dr\u017e\u00ed americk\u00e1 investi\u010dn\u00ed banka Jefferies deriv\u00e1ty odpov\u00eddaj\u00edc\u00ed p\u0159ibli\u017en\u011b dev\u00edti procent\u016fm akci\u00ed Commerzbank patrn\u011b v\u00a0zastoupen\u00ed UniCredit.<\/p>\n

\u0160\u00e9f UniCredit Andrea Orcel tvrd\u00ed, \u017ee st\u00e1vaj\u00edc\u00ed nab\u00eddka nem\u00ed\u0159\u00ed na pln\u00e9 ovl\u00e1dnut\u00ed Commerzbank. Jej\u00edm \u00fa\u010delem je ale p\u0159ekro\u010dit pr\u00e1h 30\u00a0procent, jen\u017e by UniCredit dal v\u011bt\u0161\u00ed volnost p\u0159i dal\u0161\u00edch n\u00e1kupech akci\u00ed bez povinnosti p\u0159edkl\u00e1dat regula\u010dn\u011b stanovenou nab\u00eddku. C\u00edlem je pot\u00e9 p\u0159im\u011bt Commerzbank k\u00a0zah\u00e1jen\u00ed rozhovor\u016f o\u00a0f\u00fazi, uvedla agentura Reuters.<\/p>\n

Orcel se p\u0159i tom odvolal na nutnost budov\u00e1n\u00ed siln\u00e9ho evropsk\u00e9ho hr\u00e1\u010de schopn\u00e9ho konkurovat bank\u00e1m z\u00a0USA a\u00a0Asie. UniCredit ji\u017e nyn\u00ed p\u016fsob\u00ed na n\u011bmeck\u00e9m trhu prost\u0159ednictv\u00edm dce\u0159in\u00e9 HypoVereinsbank.<\/p>\n

Commerzbank v\u00a0\u010cesku<\/p>\n

Spolkov\u00e1 vl\u00e1da i\u00a0veden\u00ed Commerzbank nab\u00eddku odm\u00edtaj\u00ed. Vl\u00e1da ozna\u010dila nep\u0159\u00e1telsk\u00e9 p\u0159evzet\u00ed syst\u00e9mov\u011b d\u016fle\u017eit\u00e9 instituce s\u00a0bilan\u010dn\u00ed sumou p\u0159ibli\u017en\u011b 590\u00a0miliard eur a\u00a039\u00a0000\u00a0zam\u011bstnanci za nep\u0159ijateln\u00e9.<\/p>\n

<\/a><\/p>\n

UniCredit na \u010desk\u00e9m trhu ji\u017e dnes pat\u0159\u00ed k\u00a0nejv\u011bt\u0161\u00edm bank\u00e1m a\u00a0podle velikosti bilan\u010dn\u00ed sumy je \u010dty\u0159kou s\u00a0979\u00a0miliardami korun, ale \u00fadaj je za \u010cesko a\u00a0Slovensko dohromady. P\u0159\u00edpadn\u00fdm p\u0159evzet\u00edm Commerzbank by z\u00edskala v\u00a0tuzemsku dv\u011b dal\u0161\u00ed banky: \u010deskou pobo\u010dku Commerzbank zam\u011b\u0159enou na korpor\u00e1tn\u00ed klientelu a\u00a0retailovou mBank.<\/p>\n

\u010cesk\u00e1 \u010d\u00e1st skupiny UniCredit vznikla v\u00a0listopadu 2007\u00a0integrac\u00ed HVB Bank Czech Republic a\u00a0\u017divnostensk\u00e9 banky, j\u00ed\u017e UniCredit koupila v\u00a0roce 2002.\u00a0V\u00a0\u010cesku a\u00a0na Slovensku banka v\u00a0sou\u010dasnosti obsluhuje p\u0159ibli\u017en\u011b 900\u00a0tis\u00edc klient\u016f, p\u0159i\u010dem\u017e se zam\u011b\u0159uje hlavn\u011b na korpor\u00e1tn\u00ed segment, stejn\u011b jako \u010desk\u00e1 pobo\u010dka Commerzbank. \u010cesk\u00e1 pobo\u010dka Commerzbank m\u011bla na konci roku 2024\u00a0bilan\u010dn\u00ed sumu 97\u00a0miliard korun, a\u00a0po zdan\u011bn\u00ed vyd\u011blala 873\u00a0milion\u016f korun.<\/p>\n

mBank p\u0159i\u0161la na \u010desk\u00fd trh v\u00a0roce 2007\u00a0a\u00a0ke konci roku 2024\u00a0m\u011bla 790\u00a0tis\u00edc klient\u016f. V\u00a0\u010cesku m\u00e1 mBank 30\u00a0takov\u00fdch obchodn\u00edch m\u00edst, jedn\u00e1 se hlavn\u011b o\u00a0kiosky um\u00edst\u011bn\u00e9 v\u00a0n\u00e1kupn\u00edch centrech. Jej\u00ed bilance \u010din\u00ed 87,5\u00a0miliardy korun. Zisk po zdan\u011bn\u00ed \u010dinil v\u00a0roce 2024\u00a0celkem\u00a0558\u00a0milion\u016f korun.<\/p>\n

Gener\u00e1ln\u00ed \u0159editelka n\u011bmeck\u00e9 Commerzbank Bettina Orlopp chce pos\u00edlit ziskovost banky i\u00a0za cenu dal\u0161\u00edho sni\u017eov\u00e1n\u00ed po\u010dtu pracovn\u00edch m\u00edst nad r\u00e1mec ji\u017e dohodnut\u00fdch 3900\u00a0pozic v\u00a0N\u011bmecku, co\u017e je zhruba 10\u00a0procent zam\u011bstnanc\u016f. Vysok\u00fd kurz akcie je v\u0161ak p\u0159edev\u0161\u00edm v\u00fdsledkem spekulac\u00ed na p\u0159evzet\u00ed ze strany UniCredit.<\/p>\n","protected":false},"excerpt":{"rendered":"Italsk\u00e1 bankovn\u00ed skupina UniCredit zah\u00e1jila form\u00e1ln\u00ed nab\u00eddku na p\u0159evzet\u00ed n\u011bmeck\u00e9 Commerzbank. Pokud by transakce prob\u011bhla \u00fasp\u011b\u0161n\u011b, pos\u00edlili by…\n","protected":false},"author":2,"featured_media":7494,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[1985,67,68,11977,607,10888,4999],"class_list":{"0":"post-77312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-banky","9":"tag-business","10":"tag-byznys","11":"tag-commerzbank","12":"tag-italie","13":"tag-mbank","14":"tag-unicredit-bank"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116527462117498117","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/77312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=77312"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/77312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/7494"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=77312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=77312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=77312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}