Komerční banka named the second safest bank in Central & Eastern Europe

Press release

3/8/2012
8:00 AM

In a survey of the prestigious Global Finance magazine, Komerční banka has been repeatedly named as one of the safest banks in the rapidly emerging markets of Central and Eastern Europe. Following last year’s title of the safest bank, this year KB took an excellent second place in the ranking.

The basis for the ranking of the safest banks in the region was information from the renowned rating agencies Moody’s, Standard & Poor’s and Fitchabout the long-term credit ratings and total assets. Overall results will be published in the April issue of the Global Finance magazine.

“We are very pleased by the Global Finance magazine’s repeated recognition; it confirms Komerční banka’s stability and high competiveness. Together with the excellent business results achieved last year, in 2011, it proves that our universal banking model provides solid foundations for meeting our ambitious goals and achieving the position of the reference bank on the Czech market,” says Henri Bonnet, KB Chairman and CEO.

Komerční banka’s strength and stability have also been confirmed by its financial results for the past year. Komerční banka Group registered a faster growth in the volume of provided loans, by 13% year-on-year. Net profit amounted to CZK 9,475 million, despite the impact of the impairment to Greek government bonds. Its capital adequacy ratio of 14.6% significantly exceeds the current regulatory requirement of 8% and the requirements proposed for the Basel III regulatory framework. Komerční banka’s excellent liquidity is based on its loan/deposit ratio of 77.5%.