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Czech News in English » Business » Czech mBank reports 2014 profit of CZK 240m

Czech mBank reports 2014 profit of CZK 240m

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In 2014, the Czech branch of mBank reported profits of CZK 240m. The volume of loans advanced increased 29% on the year while the size of deposits added 21%. The bank had 534,000 customers at the end of the reported period. mBank CEO Pawel Kucharski said the bank had been successful on the Czech market primarily thanks to high-margin products. For example, consumer credits added 50% on the year, which is the most dynamic growth over the past three years.


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