UniCredit Bank Czech Republic and Slovakia (UniCredit Bank) generated net consolidated profit totalling CZK 1.3bn in Q1 2016, down 20.3% y/y. Profit adjusted for the contribution to the Resolution Fund and Deposit Insurance Fund decreased by 4.2%. Loans extended to clients grew 5.5% to CZK 368.05bn. Client deposits grew 14.2% to CZK 374.87bn. Consolidated capital ratio reached 15.62%. UCB’s general director and board of directors chairman Jiří Kunert has stated that in the retail segment the bank continues with the development of new products and digital innovations in consumer financing.
