KB Group’s lending to customers up by 6.2% year on year to CZK 784.9 billion.
Deposits from clients decreased by (3.4%) year on year, to CZK 916.8 billion.
Volume of non-bank assets under management (mutual funds, pension funds, life insurance) leapt by 6.4% to CZK 216.6 billion.
KB Group was serving 2,240,000 clients. Standalone Komerční banka had 1,652,000 customers, up by 27,000 year on year.
Full year 2022 vis-à-vis 2021: Total revenues rose by 23.2% to CZK 38.6 billion. Operating expenditures were higher by 6.1%, at CZK 16.0 billion. Cost of risk (net creation of provisions for credit risk) increased by 61.6% to CZK 1.2 billion. Profit attributable to the Group’s equity holders, at CZK 17.6 billion, was better by 37.9% year on year. Income taxes rose to CZK 4.0 billion, growing by 32.0%.
Fourth quarter 2022 versus 4Q 2021: Total revenues were up by 10.4%, at CZK 9.6 billion. Operating expenditures were higher by 5.1%, at CZK 3.9 billion. Cost of risk (net creation of provisions for credit risk) in the quarter was small. Profit attributable to the Group’s equity holders, at CZK 4.6 billion, was better by 11.0% year on year. Income taxes climbed to CZK 1.1 billion, higher by 5.4%.
Volume of regulatory capital reached CZK 101.7 billion, capital adequacy stood at 19.5%, and the Core Tier 1 ratio was 18.9%.
The Board of Directors will propose a dividend of CZK 60.42 per share, totalling CZK 11.5 billion.
Shareholders will vote on the proposal at the General Meeting set for 20 April 2023.
KB had 69,034 shareholders (greater by 10,590 year on year), of which 63,050 were private individuals from the Czech Republic.
Komerční banka was named Bank of the Year, Corporate Bank of the Year, and Bank without Barriers in the MasterCard Bank of the Year contest. KB also received Banking Innovator recognition in VISA’s Best Bank 2022 survey.