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Komerční banka has been crowned The Bank of the Year 2011

11/10/2011

Komerční banka is the winner of the tenth year of the prestigious Fincentrum Bank of the Year award. In its history, the award has been granted 10 times, in which Komerční banka has acquired already the fourth absolute winning.

Komerční banka Group reports dynamic loan growth of 12%. Net profit at CZK 7,041 million for first three quarters of 2011

11/8/2011

Komerční banka Group recorded acceleration in the volume growth of loans in all segments, to 12% year on year. Net profit for the first nine months of 2011 reached CZK 7,041 million, which represents a decrease of 29.3% in comparison with the same period of 2010. Revenues grew marginally, limited by persistent low interest rates and declining fees charged. Cost of risk recorded a significant increase, despite very positive development in the cost of risk for lending, due to a charge on Greek government bonds. Net profit adjusted for impairment of Greek bonds grew by 5.6% to CZK 10,532 million.

Komerční banka’s new price list effective from 1 January 2012 influenced mainly by the latest surveys of clients’ needs

9/14/2011

The new price list, which will become effective on 1 January 2012, will bring a number of positive changes to Komerční banka’s clients. Payment card holders can expect much lower costs when tackling unexpected situations, archived account statements will be cheaper and also the cost of standing orders for payments to selected companies in the KB Group will be less expensive. Businesses with the Profi Account will welcome the reduction in the cost of Profibanka maintenance thanks to the integration of this product within the MojeOdměny scheme.

Komerční banka redesigns the website of KB’s branch in Slovakia

8/16/2011

In relation to the redesign of Komerční banka’s website in the Czech Republic, the website of its Slovak branch has recently been remodelled as well. The project was again carried out by FG Forrest, an Internet agency, which has been cooperating with Komerční banka for a long time.

Komerční banka posts its ATMs and branches at aMapy.cz

8/16/2011

Komerční banka’s clients now have another possibility to find, quickly and efficiently, KB’s ATMs and information about KB’s branches at aMapy.cz. FG Forrest, an Internet agency, which has been working with Komerční banka for a long time, participates in the technical aspect of the project. Centrum Holdings has carried out the project.

Komerční banka Group reports net profit of CZK 5,478 million for the first half of 2011

8/3/2011

Komerční banka Group reported a net profit of CZK 5,478 million for the first six months of 2011, which represents a decrease of 15.5% in comparison with the same period of 2010. The decrease is due to CZK 1,663 million impairment relating to Greek government bonds. On the other hand, net profit was enhanced for the first time by a contribution from the newly acquired subsidiary SG Equipment Finance. Net profit adjusted for the one-off impacts improved by 7.5% to CZK 6,777 million. A significant year-on-year reduction in cost of risk of lending was the main factor driving growth in the adjusted profits. Revenues increased marginally. Komerční banka’s investments into projects for improving service quality and into product innovations brought an increase in operating expenses.

Komerční banka redesigns account statements

7/11/2011

Komerční banka changes the graphic design and structure of most of its account statements as of 11 July 2011. In addition to a clearer arrangement and more modern appearance, clients will find information about their use of the popular MojeOdměny concept in their account statements. The new format also brings significant savings in the consumption of paper for printing the account statements.

KB Group reports net profit of CZK 3,376 million for first quarter of 2011

5/5/2011

Komerční banka Group reported a net profit of CZK 3,376 million for the first three months of 2011, which represents an improvement by 5.2% in comparison with the same period of 2010. The increase in net profit is due to significantly lower cost of risk compared to the still-elevated level at the beginning of 2010. Revenues marginally increased, while operating expenses rose moderately as KB invested into improvements in the product range, client services and distribution networks.

General meeting of Komerční banka's shareholders approves the payout of a dividend of CZK 270 per share

4/21/2011

At their general meeting today, the shareholders of Komerční banka voted in favour of the Board of Directors’ proposal for the payout of a dividend of CZK 270 per share.

Komerční banka Group reports net profit of CZK 13,330 million for 2010

2/16/2011

Komerční banka Group reported a net profit of CZK 13,330 million for the full year just ended. This represents 21.1% growth in comparison with 2009. The increase was driven by a slight rise in revenues, further savings on operating expenditures, and a significant reduction in the cost of risk.

Beginning in January, Komerční banka's clients can recoup the fees paid for cash withdrawals from KB's ATMs made with cards

1/17/2011

Effective from the beginning of January, Komerční banka's clients have an opportunity to receive additional benefits under the new pricing policy scheme called MojeOdměny. Komerční banka will refund to clients the fee for one withdrawal from KB's ATM for every payment made using a KB debit or credit card.

Payments and opening hours at KB branches at the end of 2010

12/6/2010

At the end of 2010 all of Komerční banka’s branches, including those that work on Saturdays and Sundays, will keep their opening hours as usual, with the exception of Friday 31 December 2010 when branches will close earlier, at 1 p.m.

Komerční banka Group reports net profit of CZK 9,963 million for first three quarters of 2010

11/3/2010

Komerční banka Group reported a net profit of CZK 9,963 million for the first nine months of 2010, which is 18.1% more than in the same period of 2009. KB’s net profit for the third quarter increased by 6.4% quarter-on-quarter to CZK 3,481 million. KB Group’s strong position was evidenced by its loans-to-deposits ratio at 70.0% and its capital adequacy rose to 14.9%. Moreover, the rating agency Fitch Ratings affirmed KB’s long-term rating at “A”.

Komerční banka launches its redesigned website at www.kb.cz

10/22/2010

Komerční banka has redesigned its website for its clients. In addition to changes in the appearance and structure of the website, a major new feature is its better accessibility for visually handicapped and motion-impaired users.

Komerční banka introduces MojeOdměny: new concept of its fee policy

9/21/2010

On 1 January 2011, Komerční banka will significantly extend the new concept for pricing its services. The objective of these changes is to provide price-related advantages for such behaviour of clients, which is comfortable for the clients and at the same time the best for the bank in terms of its costs. The changes will concern transactions made using payment cards, and during 2011 the concept will be extended to include additional groups of banking operations.

Komerční banka Group reports net profit of CZK 6,482 million for first half of 2010

8/4/2010

Komerční banka Group reported a net profit of CZK 6,482 million for the first six months of 2010, which is 12.5% more than in the same period of 2009. KB's net profit for the second quarter also improved compared to that from the first three months of the year. KB Group continued to maintain strong liquidity and solvency, the loans-to-deposits ratio as at the end of June reached 69.2%, and capital adequacy rose to 14.7%.

Komerční banka Group reports net profit of CZK 3,209 million for first quarter of 2010

5/5/2010

Komerční banka reported today that for the first three months of 2010 it had earned a net profit of CZK 3,209 million, which is 12.8 % more than in the same period of the previous year. Further significant reduction in operating expenses and a marked decrease in the cost of risk contributed to the good results. Due to the lingering economic recession, development in the first quarter continued to be burdened by clients' subdued business and investment activities although the volume of loans provided to clients went up by 1.0% to CZK 382.0 billion and the deposits volume grew by a slight 0.4% to CZK 541.2 billion, compared to the same period of 2009.

Komerční banka Group reports net profit of CZK 11,007 million for full year 2009

2/18/2010

Komerční banka reported today that for the year 2009 it had earned a net profit of CZK 11,007 million, which is by 16.4% less than in the previous year. Adjusted for several one-off items, underlying net profit decreased by 10.2%. Throughout 2009, Komerční banka continued to support its clients and the Czech economy by carrying on expanding its loan portfolio by 3.4%. The solid results exceeding market expectations were achieved in a difficult economic environment and were underpinned by maintaining tight cost control and careful risk management.

Payments and opening hours at KB branches at the end of 2009

12/8/2009

At the end of 2009 all of Komerční banka's branches, including those that work on Saturdays and Sundays, will keep their opening hours as usual, with the exception of Thursday 31 December 2009, when branches will close earlier, at 1 p.m.

KB's EU Point Index: Companies and municipalities in the Czech Republic receive CZK 10 billion a month on average from EU funds for 600 approved projects

11/13/2009

The EU Point Index, compiled on a regular basis by KB EU Point to monitor the activity on the Czech subsidy market, was very much above the average in September, mainly thanks to open calls for research centres and also approved subsidies for water management infrastructure.