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Komerční banka posts CZK 12.8bn in net profits

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Komeční Banka (KB) Group reported net profits totalling CZK 12.8bn for 2015, down 1.5% y/y. Loan portfolio grew 6.8% to CZK 548.2bn. Deposits increased by 3.3% to CZK 656.7bn. Tier 1 core adequacy indicator reached 16.3%. KB’s board of directors has decided to propose to the supervisory board the payment of a dividend of CZK 11.78bn. KB’s board of directors chairman and general director Albert Le Dirac´h has stated that the bank aims to develop long-term mutually beneficial relations with clients in multichannel model of universal banking.

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