CZECH REPUBLIC: PSCP takes over the client portfolio of RPS
Pension company of CESKA Pojistovna (PSCP) is going to take over the client portfolio of Raiffeisen pension company (RPS) in 2nd and also in 3rd pillar of retirement savings. This acquisition confirms the long-term strategic cooperation between financial groups of CESKA Pojistovna and Raiffeisenbank in the field of pensions. PSCP will gain about 12,200 customers from second pillar and 1000 clients in 3rd pillar. The whole transaction should be completed after complying with all regulatory steps at the beginning of the second half of this year.