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PPF banka reports higher net profit for three quarters of 2014

In the January to September 2014 period, PPF banka reported a rise in net profits by CZK 20m to CZK 657m. Net profit after taxation amounted to CZK 133m in Q3. Loans to clients increased to CZK 32bn on the year. Total assets and liabilities jumped by 8% to CZK 113bn. Total capital adequacy stood at 12.9%. PPF banka CEO Petr Jirásko said that net profit for the three quarters of 2014 had grown 3%. The volume of advanced loans increased at the same pace.