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- Komerční banka Group Financial Results as of 31 March 2025
Komerční banka Group Financial Results as of 31 March 2025
“The economic environment was more volatile in the first quarter of this year, with news of a new fiscal stimulus package in Europe together with plans for the introduction of protectionist measures by the United States. This information has had an impact on customer decision-making, particularly with regard to investment and hedging. We continue to believe that domestic economic growth this year will be driven mainly by domestic consumption. The Czech economy remains globally competitive and the sound state of public finances provides scope to mitigate potential external shocks,” remarked Jan Juchelka, Komerční banka’s Chairman of the Board of Directors and Chief Executive Officer.
“The results of the first quarter confirmed the upward trend in revenues, the disciplined management of operating costs and the high quality of KB Group’s asset portfolio. For the remainder of the year, we intend to further increase the number of the Bank’s customers, accelerate the growth of loans and deposits, and complete the migration of individual customers to the new digital bank with the KB+ app. We will continue to support all our clients in their projects and ambitions. Komerční banka’s results are in accordance with its strategic direction and its important role in the Czech economy,” Jan Juchelka added.
KB Group’s lending to customers rose by 2.9% year on year to CZK 849.3 billion.
Deposits from clients decreased by (1.0%) from a year earlier to CZK 1,038.9 billion.
Volume of non-bank assets (mutual funds, pension funds, life insurance) under management expanded by 8.1% to CZK 283.0 billion.
Standalone Komerční banka had 1,738,000 customers, up by 60,000 year on year. The Bank continued successfully to migrate clients from legacy systems to the new digital bank with the KB+ app. KB Group was serving 2,177,000 clients.
Total revenues were up by a 3.5% year on year, at CZK 9.1 billion. Operating expenditures decreased by (4.4%) to CZK 4.6 billion. The Group reported a CZK (0.5) billion net release of provisions for credit risk. Income taxes reached CZK 0.9 billion. Net profit attributable to the Group’s equity holders, at CZK 4.2 billion, improved by 49.3% year on year.
Volume of regulatory capital reached CZK 104.7 billion, capital adequacy stood at 18.7%, and the Core Tier 1 ratio was 17.7%.
The Annual General Meeting held on 24 April 2025 approved an annual dividend payment of CZK 91.30 per share (before tax) to Komerční banka shareholders as of 6 May. The dividend will be payable from 26 May 2025.
KB had 77,083 shareholders (greater by 2,668 year on year), of which 70,692 were private individuals from the Czech Republic.