Search company, investor...
Equa bank company logo

Equa bank

Founded Year



Acquired | Acquired

About Equa bank

Equa bank provides retail banking services. In February 2021, Equa bank was acquired by Raiffeisen Bank International. The terms of the transaction were not disclosed.

Headquarters Location

Karolinská 661/4 186 00 Praha 8


Czech Republic

420 222 010 222

Missing: Equa bank's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Equa bank's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Latest Equa bank News

Raiffeisen Bank to buy Czech Republic’s consumer lender Equa bank

Feb 12, 2021

Raiffeisen Bank to buy Czech Republic’s consumer lender Equa bank 12th February 2021 Raiffeisen Bank International (RBI) has agreed to wholly acquire Czech Republic’s Equa bank, which focuses on consumer lending, for an undisclosed sum. Austria’s RBI is Equa bank’s third owner since its creation back in 1993 by a Malaysian businessman and former Czechoslovakian president. That’s the same year RBI set up shop in Czech Republic. In 2020, Equa bank’s consolidated net profit fell by 55% to $8.5 million Until 2011, Equa bank operated under the name IC Bank. In September 2007, the bank was sold to Italy’s Banco Popolare. But the loss-making bank was then resold to British private equity firm AnaCap Financial Partners. RBI will be acquiring Equa bank from AnaCap through its Czech subsidiary. The deal will likely close around the end of this year’s second quarter, subject to regulatory approvals. If it goes ahead, Equa bank will fully merge with RBI’s Czech division, Raiffeisen Bank. Operational integration of the two firms will happen by mid-2022, according to an Equa bank spokeswoman. Equa bank’s profits dipped 55% in 2020 At the end of 2020, Equa bank’s total assets sat at more than €2.8 billion. It serves some 480,000 customers, making up 4.5% of the total Czech Republic population. It has around 59 branches. According to its latest full financial results, Equa bank made a net consolidated profit of CZK 403 million ($19 million) in 2019. Increasing from $17.5 million (CZK 372 million) in 2018. Total volume of loans increased by 16% between 2018 and 2019, exceeding $2.2 billion. Deposit volumes also grew by 14% to around $2.6 billion in 2019. That year, the bank expanded into business banking, but only had around 10,000 business customers at the end of 2019. But in 2020, Equa bank’s consolidated net profit fell by 55% to $8.5 million, according to An Equa bank spokeswoman, Petra Kopecká, told CzechCrunch the consolidation deal would help it save costs and grow revenue. Soon-to-be former owner AnaCap praises Equa bank’s “strong distribution and underwriting platforms”, which it helped build. “These have given staff the ability to offer high-quality services and competitive pricing levels which has ultimately given Equa a strong position from which to flourish,” says Tassilo Arnhold, an AnaCap partner. RBI’s strategy RBI operates across eastern Europe, from the Czech Republic to Russia and down to the Balkans. In March 2019, Johann Strobl, RBI’s CEO, said that the bank wanted to take an active role in Europe’s bank consolidation. But it seems to be picking targets carefully. Solely on the look out for “portfolios and small banks should a suitable opportunity arise and the price be right”, Strobl added in 2019. Raiffeisen Bank, RBI’s Czech Republic subsidiary, reported total assets of €15.7 billion in 2020. But its net profit – similarly to Equa bank – fell by around half (49% year-on-year) to $100 million, due to the coronavirus pandemic. Currently, RBI operates 13 subsidiaries across Central Eastern Europe.

Equa bank Web Traffic

Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Equa bank Rank

Equa bank Frequently Asked Questions (FAQ)

  • When was Equa bank founded?

    Equa bank was founded in 1993.

  • Where is Equa bank's headquarters?

    Equa bank's headquarters is located at Karolinská 661/4, Prague.

  • What is Equa bank's latest funding round?

    Equa bank's latest funding round is Acquired.

  • Who are the investors of Equa bank?

    Investors of Equa bank include Raiffeisen Bank International.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.