Strong contribution to Czech economic growth via increased lending and investments
Komerční banka today reported consolidated results for the first nine months of 2016. The volume of loans provided by KB Group to clients expanded by 11.1% to CZK 593.4 billion. Of this total, CZK 4.7 billion was from newly added portfolios of PSA Finance Czech Republic and PSA Finance Slovakia, acquired in July. The volume of deposits grew by 7.7% to CZK 708.6 billion, and volume of non-bank assets under management1 improved by 9.9% to CZK 148.6 billion. The number of clients served by the Bank rose by 8,200 to 1,650,000.