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ČSOB’s net profit grows by 18% to CZK 8.3bn

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Group ČSOB’s net profit increased by 18% y/y to CZK 8.3bn in the first half of 2016. The volume of loans increased by 8% to CZK 607.7bn. Deposits showed a growth by 8% to CZK 745.1bn. The capital (Core) indicator Tier 1 reached 16.9%. According to ČSOB CEO John Hollows, the highest H1 profit in the history of the company was made possible by a sale of a stake in the company VISA Europe.

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