Natland sold the company with the strongest membership stake in the NEY cooperative

10.7.2025

Investment group Natland has sold CPCFS, which was one of the strongest and largest members of the NEY credit union. Bank Creditas is the new owner of 100% of CPCFS. Subsequently, Bank Creditas became the majority shareholder of NEY credit union. The terms of the transaction have not been disclosed by the companies and the transaction has been approved by the Czech National Bank.

“The NEY Credit Union, in which CPCFS served as the largest shareholder and member of the Audit Committee, is now a stable financial institution with a 24-year history and more than 3,600 members. In the last few years, it has shown positive financial results, with annual capital growth reaching the half a billion crore mark. The profit for last year exceeded 34 million crowns, the balance sheet total over 3 billion crowns. NEY Savings Cooperative currently provides its clients with the highest appreciation of funds on time deposits and has long been profiled as an interesting alternative for financing small and medium-sized enterprises and financing development projects, ” says David Manych, partner at Natland Investment Group and member of the CPCFS board.

“For NEY Savings Cooperative, the merger with Creditas is a confirmation of a well-adjusted long-term strategy based on close cooperation with clients. The results we have achieved over the last two years are proof of this. We believe that in cooperation with Creditas Group there is room for further growth in the field of SME financing,” said Lukáš Hartl, chairman of the NEY credit cooperative.

From the beginning of its involvement with NEY credit union, CPCFS has been the sole partner for other members and the credit union itself during times when it was in loss or needed to take action to strengthen capital, change strategy, develop products, or coordinate and oversee credit risk. The company has also contributed to the losses of past years and invested heavily in further development for more than a decade. All this in a heavily regulated environment, having to establish itself in a complex banking market and adapt to the changing conditions of the financial world.

NEY Credit Cooperative is a traditional financial institution celebrating 24 years on the market this year. It focuses on clients or members from the ranks of citizens, tradesmen and companies. The flagship of the product portfolio are corporate loans for small and medium-sized businesses and insured term deposits with favourable appreciation. The number of members exceeds three thousand.

 

 

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