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CSOB posted CZK 11bn in net profits for 9M 2015

Czech bank CSOB generated net profits totalling CZK 11bn in the first nine months of 2015, up 4% y/y. Client loans grew 9% to CZK 575bn. Deposits increased by 7% to CZK 699bn. Tier 1 capital indicator reached 18.3%. CSOB’s CEO John Hollows has stated that the company continues to provide simple, safe and useful solutions for existing and future clients.