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Czech News in English » Business » Komerční banka's Q3 net hit by loan risk cost

Komerční banka’s Q3 net hit by loan risk cost

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Net profit at Czech lender Komerční Banka fell 23% in the third quarter, just missing expectations, after a rise in provisioning for bad loans. The only listed Czech bank has been battling a sharp recession in the domestic economy that has hammered its corporate clients and pushed unemployment to a three-year high, but said on Wednesday the market was stabilising.

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