Type
Business expansion
Country
Czechia
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.9 - Other financial service activities, except insurance and pension funding

300 jobs
Number of planned job creations
Job creation
Announcement Date
7 September 2015
Employment effect (start)
1 December 2015
Foreseen end date
31 December 2017

Description

Czech bank mBank, a subsidiary of the Polish bank mBank, is to increase the number of consultants by up to 25% from the current 1,200 to about 1,500 within the next three years. The company is trying to enter the brick-and-mortar bank branches market by setting up a strategic partnership with the financial consultancy Broker Consulting. mBank is planning to establish up to 70 franchise-style business places called BrokerPoint in the Czech Republic by the end of 2017. The first BrokerPoint will open in Prague in 2015, while around 20 more will be open in 2016, primarily in smaller towns.


Sources

  • 7 September 2015: E15

Citation

Eurofound (2015), mBank, Business expansion in Czechia, factsheet number 84740, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84740.