The main objective of this master thesis is to develop a financial analysis of selected low-cost banks and their mutual comparison. Two Czech banks and one Swedish bank of similar specialization, size, and length of operation were selected for this purpose. Thesis is divided into several thematic parts. At first, theoretical model of low-cost bank is introduced. In the next part Czech and Swedish banking markets are described. A separate chapter is focused on principles of bank financial analysis and most important ratios. In the last part financial analysis of selected banks is performed. Key findings are then compared and assessed. The author finds out that development of selected banks is not alike and discovers significant differences in activities and strategies across monitored banks.