KB reports increasing number of clients, solid growth in retail lending, and expanding volume of client assets under management. Net profit improved thanks to low cost of risk
Komerční banka today reported its consolidated results as of 30 September 2017. Total gross loans to clients expanded by 2.0% to CZK 605.1 billion1. Within this total, housing financing expanded by 7.9% and consumer lending grew by 6.4%. Client deposits climbed by 9.7% to CZK 777.5 billion2. The volume of KB Group clients’ assets in mutual funds, pension savings and life insurance rose by 8.3% to CZK 160.9 billion.