NEY spořitelní družstvo

What NEY spořitelní družstvo does

NEY spořitelní družstvo is a Czech cooperative savings institution (družstevní záložna) founded on 14 December 1999 in Prague and regulated by the Czech National Bank since 1999. The company operates a two-sided business model: it gathers retail deposits through term deposits (Termínovaný vklad), a savings account (Spořicí účet), a dual deposit product (Duální vklad, up to 10.8% p.a.), and subordinated deposits; on the asset side it provides real estate-secured lending to small and medium enterprises and developers — non-purpose loans, developer loans, investment loans, American mortgages, bridging loans, and consumer credit — capped at 30 million CZK per client. As of year-end 2023, the balance sheet stood at 2.9 billion CZK (over 3 billion in Q1 2024), the loan portfolio exceeded 2 billion CZK, deposit volume was 2.2 billion CZK, net profit exceeded 34 million CZK, and capital adequacy reached 21.2%. The institution is recognized as the Czech market leader in term deposit pricing for six consecutive years by Finparáda.cz.

Distribution runs through four physical branches (Prague headquarters, Brno, Uherské Hradiště, Olomouc), a new internet banking platform launched in 2023 (ib.ney.cz), a commission-based referrer and intermediary network (tipař, obchodní zprostředkovatel, GEPARD FINANCE partnership since 2021), and ancillary channels such as the Gold.plus Au-tomat installed at the Prague branch. The technology stack consists of integrated information systems ELBOS, mFiles, and HELIOS for member identification, contract management, loan processing, payment settlement, and compliance reporting, with AI being tested in internal loan-processing and reporting workflows. Following the 2024 acquisition by Banka CREDITAS of a majority stake (more than 50%) approved by the Czech National Bank, NEY operates as a subsidiary of a larger Czech financial group while retaining its cooperative structure, brand, and operational leadership (under newly appointed Chair Ing. Lenka Němečková).

Name

NEY spořitelní družstvo

Legal name

NEY spořitelní družstvo

Website

https://ney.cz

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

NEY spořitelní družstvo is a Czech cooperative savings institution offering above-market term deposits to retail members and real estate-secured lending (up to 30 million CZK) to SMEs and developers, distributed via four branches, internet banking, and intermediary partners under Czech National Bank supervision.

Ownership category

akta.pro rank

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest income from lending: Primary revenue stream generated from interest charged on loans provided to SMEs, developers, and retail borrowers. NEY provides secured loans up to 30 million CZK, non-purpose loans, developer financing, investment loans, and bridging credit. Loan portfolio exceeded 2 billion CZK as of 2023, with business loans increasing from 0.5 to 1.1 billion CZK year-over-year.
2. Deposit interest margin: Revenue is generated from the spread between interest earned on loans and interest paid to depositors. NEY offers above-market rates on term deposits (up to 10.8% p.a. on dual deposits) and savings accounts, funded by loan operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

NEY spořitelní družstvo is a Czech cooperative savings institution (spořitelní družstvo) that accepts retail and member deposits — including term deposits, savings accounts, and dual member/non-member deposits — and deploys them through a diversified loan book comprising developer loans, investment loans, non-purpose loans, consumer loans, and bridging loans. The institution operates under Czech National Bank supervision as a regulated credit cooperative, complemented by an internet banking platform for account access and transaction execution.

Product overview

NEY spořitelní družstvo is a Czech credit union offering a unified portfolio of savings and lending products centered around two core pillars: high-yield deposit products (term deposits, savings accounts, dual deposits, subordinated deposits) and real estate-backed lending (non-purpose loans, developer loans, investment loans, American mortgages, bridging loans, consumer loans). Products are distributed through physical branches, internet banking, and a commission-based partner network. The institution is regulated by the Czech National Bank and operates as a subsidiary of Banka CREDITAS following a 2024 majority acquisition.

Differentiator

Problem solved

Functional benefit

Products and services

• Term Deposits (Termínované vklady) Fixed-maturity deposit product offered to individuals and members with above-market interest rates differentiated by maturity length.

Quantifiable outcome

• Balance sheet grew from ~1.3 billion CZK (2015) to 2.9 billion CZK (2023), nearly 3 billion in Q1 2024
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Four partnerships are on record, tiered minor.

• Gold.plusminorChannel Partner/ Reseller/ Distributor · 1 January 2022Gold.plus placed an Au-tomat (gold ATM) at NEY's Prague branch in the Oasis Florenc shopping passage, allowing NEY's clients to purchase Swiss PAMP gold bars (1g, 10g, 1oz) directly on premises.
• GEPARD FINANCE a.s.minorChannel Partner/ Reseller/ Distributor · 1 January 2021Partnership with GEPARD FINANCE a.s. began in 2021, expanding NEY's distribution reach for deposit and loan products through the intermediary network.
• EURO-Trend Audit, a.s.minorImplementation/ SI/ Consulting PartnerIndependent auditor that audits NEY spořitelní družstvo's financial statements. Confirmed the 2022 profit of 35,270,901 CZK on 23 March 2023.
• Grant Thornton Advisory k.s.minorImplementation/ SI/ Consulting PartnerAdvisory firm engaged for valuation of NEY's loan receivables for the purpose of future loan portfolio assignments, ensuring proper pricing and due diligence.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Fio banka: Fio banka is a Czech bank known for competitive retail deposit rates and a strong retail brokerage/lending platform. It directly competes with NEY for high-yield retail deposits and serves overlapping SME and retail client segments in the Czech market.
• Trinity Bank: Trinity Bank is a Czech commercial bank focused on SME and developer lending, with a similar product mix of deposit products and property-secured business loans. Pavel Čihák (NEY's Marketing/HR Director) previously worked at Trinity Bank, indicating direct overlap in target customers and product positioning.

Broad incumbents

• Air Bank: Air Bank is a Czech retail-focused bank known for innovative deposit products and consumer lending. It competes with NEY for retail depositors and serves overlapping consumer/SME segments with broader product depth and digital capabilities.
• Komerční banka: Komerční banka is a major Czech universal bank (Société Générale group) serving retail, SME, and corporate clients with full deposit and lending product suites. It competes broadly with NEY across all segments and represents the dominant incumbent in Czech commercial banking.
• MONETA Money Bank: MONETA Money Bank is one of the largest Czech retail-focused banks, offering deposits, consumer loans, and SME lending. It directly overlaps with NEY's retail deposit franchise and consumer/SME lending products, but at substantially larger scale.
• Česká spořitelna: Česká spořitelna is the largest Czech savings bank and a major retail/SME lender, owned by Erste Group. It competes with NEY on deposit rates and SME lending but operates at vastly greater scale across the full Czech market.
• Banka CREDITAS: Banka CREDITAS is NEY's parent company (majority stake acquired 2024), a Czech financial group offering a broader portfolio of retail, SME, and corporate banking services. As the controlling shareholder, it provides capital and infrastructure while operating in overlapping deposit and lending markets.
• Raiffeisenbank CZ: Raiffeisenbank in the Czech Republic is part of the Raiffeisen Bank International group, offering retail, SME, and corporate banking. Pavel Čihák (NEY's Marketing/HR Director) previously worked at Raiffeisenbank, indicating operational and competitive overlap with NEY.

Others

• Wüstenrot - stavební spořitelna: Wüstenrot's Czech building savings bank offers savings products and mortgage-related financing in the Czech market. It is adjacent to NEY's deposit and real estate-secured lending business but operates under a different regulatory framework (stavební spořitelna) with state-subsidized savings products.
• Modrá pyramida stavební spořitelna: Modrá pyramida is a Czech building savings bank (part of Komerční banka group) offering savings and mortgage products. It competes with NEY for retail savings but operates under a different regulatory regime focused on housing savings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights1 record

Customer concentration

• Facebookfacebook.com/NEYsd.cz
• LinkedInlinkedin.com/company/ano-spo-iteln-dru-stvo

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEY spořitelní družstvo