Reico, the investment company, is being transferred from Česká spořitelna to its parent company, Erste Group.

As part of the restructuring, the Czech investment company Reico of Česká spořitelna is being transferred to its Austrian parent, the financial company Erste Group Bank. Reico manages two funds, REICO NEMOVITOSNÍ manages mainly office properties worth nearly CZK 30 billion in the Czech Republic and Slovakia, REICO LONG LEASE focuses on logistics, industrial and retail properties worth CZK 5 billion. In 2023, it reported a total profit of CZK 91 million.

Česká spořitelna is one of the largest Czech banks. With its 10,000 employees, it manages assets worth CZK 2 trillion for 4.6 million clients. The price of the transaction was not disclosed.