No interest paid over 4.45 Billion Czech Crowns

A recent news report mentioned the following:

"People still have CZK 4.45 billion in anonymous bank books at CS
Prague, Nov 6 (CTK) - People had CZK 4.45 billion in anonymous bank books in high-street bank Ceska sporitelna (CS) at end-Sept which means they withdrew CZK 570 million in the first nine months of this year, CZK 140 million of it in the third quarter, Helena Matuszna of CS press department has told CTK.
The bank has to cancel anonymous bank books within the fight against money laundering. Since the decision made in 2002, people have withdrawn over CZK 115 billion. They still have time to do so by end-2012.

Since 2003, the bank has been paying no interest on deposits in these bank books."

I completely understand the need to cancel these deposits however you issued them in the first place, you keep the bank books valid and still 4.45 Billion czk is outstanding on these special bank books but you refuse to pay interest on the money that you have in your accounts on behalf of these clients.

Seems like a neat little trick to me Ceska Sporitelna. Let the money stay with you until 2012 and reap the benefits of this extra capital but ofcourse the actual owner of the money doesnt get to share the benefits and you keep all that for yourselves. Sounds like a typic Ceska Sporitelna thing to do if you ask me.

Bravo Bravo to the largest Czech Bank. You guys stink!

Still Shocked by Ceska Sporitelna

Shocked by Ceska Sporitelna

Am I just having a nightmare?

Did Ceska Sporitelna just screw me over?

Ceska Sporitelna did screw me over it seems and they have no intention on correcting their screw ups. They have pushed me into a horrible financial situation due to their mistakes. Some of these mistakes include:

• Entering wrong percentages into contract and after not honouring their own contract.
• Bank IT system downtime - The system we use as merchants was down all weekend on occasions. No form of tech support or number to call to fix their server crash. Have to wait until Monday 9 am. This results each time in tens of thousands of dollars loss in revenue. Their reply on our request for round the clock IT support: "It is too expensive"
  
• CSAS Bank Management loosing documents which they promised to process and informing us about the fact that they lost the documents some 3 to 4 months later.

The items above are only a mere scratching of the surface of what this completely incompetent Czech bank has done to us. Why can this go unpunished for God's sake.

Where is lady justice when you need her. Well, you how the saying goes Ceska Sporitelna:

"What goes around, comes around."

I will be laughing my head of when that happens Mr. Stack.

Erste Bank - Wake up!

Erste Bank

Erste Bank Austria owns a controlling interest in the largest Czech bank which is called Ceska Sporitelna.

In February 2000, Erste Bank purchased a 52% controlling stake in Ceska Sporitelna. Does Erste Bank shareholders and senior management know however what goes on with their Czech investment?

Does Erste Bank know how Ceska Sporitelna is ripping off customers and refusing to accept any form of blame for the errors and mistakes made by the Czech staff at Ceska Sportitelna. These staff are offcourse indirectly staff of Erste Bank and therefor the quality of the CSAS staff and the services they provide are directly related to the overal image of Erste Bank Ostenreich.

Erste Bank Austria, Please step in to take corrective auctions as the share price for your investment (Ceska Sporitelna) will end up dropping once all the bad publicity hits the fan. This type of inferior service that CSAS gives to it's clientelle can really no longer be accepted and tolerated.

Erste Bank Shareholders - Look after your investment as Erste Bank and Ceska Sporitelna might not be doing so.