Komercní banka, a.s. Provides Earnings Guidance for the Year 2020
February 06, 2020 at 02:00 am EST
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Komercní banka, a.s. provided earnings guidance for the year 2020. The management expects that KB's operations will generate sufficient profit in 2020 to cover the Group's capital needs ensuing from its growing volume of assets, as well as to pay out dividends constituting 65% of consolidated net profit attributable to shareholders.
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, 
