Komercní banka, a.s. Provides Earnings Guidance for the Second Half and Full Year 2019
August 01, 2019 at 02:00 am EDT
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Komercní banka, a.s. provided earnings guidance for the second half and full year 2019. For the period, the company expects total net operating income for 2019 to improve slightly in comparison with 2018. Net interest income in the second half of 2019 will be affected by the negatively sloped yield curve, while the effect of increasing loan and deposit volumes will be offset by the continuing competitive pressure on lending spreads and moderately rising cost of deposits.
Komercni Banka a.s. is one of the largest Czech banking groups. Net interest income breaks down by activity as follows:
- retail bank (59.1%): sale of classic and specialized banking products and services (leasing, consumer loan, retirement funds management, insurance, etc.);
- business bank (33.1%);
- investment and market bank (5%): investment funds management, financial intermediation, etc.;
- other (2.8%).
At the end of 2021, the group had CZK 948.6 billion in current deposits and CZK 738.9 billion in current loans.
Products and services are ensured through a network of 242 branches located in Czech Republic.
KOMERCNÍ BANKA, 
