Code of Conduct on Home Loans

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Agreement on a Voluntary Code of Conduct on Pre-Contractual Information for Home Loans (“Code of Conduct” hereafter) was agreed under the auspices of the European Commission by the representatives of European associations of the credit institutions and the representatives of the European consumer associations on 5 March 2001. The European Commission issued at the same time a Recommendation for Pre-Contractual Information on Mortgages (2001/193/EC).

The purpose of both these documents is to set certain standards on the information given to the clients prior to the conclusion of a contract on a home loan, applicable for banks and other credit institutions particularly with respect to transparency and comparability. Accession to the Code is open both for banks and other financial institutions and, primarily, for their national or other associations.

Upon a decision by the CBA Board the Czech Banking Association acceded to the Code of Conduct in September 2005. A Standard of Banking Activities, covering identical sphere, was issued at the same time by the CBA and member banks were invited to accede to this Standard and to the Code of Conduct. The banks, who decide to accede to the Code Conduct should deliver an official notification to the central registry kept by the European Commission in the course of forthcoming six months. The full implementation of the Code rules into practice is assumed in the time not exceeding the year end 2006.

List of banks, that acceded to the CBA Standard No. 18 ”Principles of Providing Pre-contractual Information on Home Loans” (”Principles” are introducing the European ”Code of Conduct on Home Loans” into the Czech Republic):

Association of Czech Building Savings Banks announced, that on its working session, held on 24 November 2005, representatives of the member building savings banks informed about the decision of their boards on the acceptance of the CBA Standard No. 18/2005. Each building savings bank separately will inform the CBA office and the public, from which date the Standard is going to be applied: 


  Bank decided on the accession to the Standard No. 18/2005 in: Standard No. 18/2005 will be applied by the bank since:
HVB Bank Czech Republic a.s. October 2005
31 MAR 2006
HYPO stavební spořitelna a.s. October 2005
19 MAR 2007
Stavební spořitelna České spořitelny a.s. October 2005
15 FEB 2007
Hypoteční banka, a.s. November 2005
01 APR 2006
Volksbank CZ, a.s. December 2005 15 DEC 2006
Wüstenrot - stavební spořitelna a.s. December 2005
15 FEB 2007
Modrá pyramida stavební spořitelna, a.s. December 2005
15 FEB 2007


Wüstenrot hypoteční banka a.s. January 2006 
01 JAN 2007
Raiffeisen stavební spořitelna, a.s. January 2006 
01 MAR 2007
Raiffeisenbank, a.s. March 2006 07 MAR 2007
Československá obchodní banka, a.s. May 2006
01 MAY 2006
eBanka, a.s. June 2006 30 JUN 2007
GE Money Bank a.s. September 2006 01 JAN 2007
Českomoravská stavební spořitelna, a.s. December 2006
01 FEB 2008