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Komerční Banka’s net profit totalled CZK 13bn

The net profit for Komerční Banka’s shareholders reached CZK 13.0bn, up 4% y/y. The value of extended client loans grew by 4% to CZK 513.4bn. Deposits grew by 8% to CZK 676.1bn. KB Group’s capital adequacy totalled 16.4%. KB’s board of directors decided to propose to the supervisory board the payment of a dividend of CZK 11.78bn. Komerční Banka’s board of directors chairman and CEO Albert Le Dirac´h has stated that the regulatory measures prepared for 2015 will further raise the costs of the bank business.