Komercní banka : KB Group 2Q 2023 Financial Results Presentation
August 03, 2023 at 01:12 am EDT
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Prague, 3 August 2023
Komerční banka Group
Consolidated unaudited results
as of 30 June 2023
Disclaimer
This document contains a number of forward-looking statements relating to the targets and strategies of the Komerční banka Group. These statements are based on a series of assumptions, both general and specific. As a result, there is a risk that these projections will not be met. Readers are therefore advised not to rely on these figures more than is justified as the Group's future results are liable to be affected by a number of factors and may therefore differ from current estimates.
Readers are advised to take into account factors of uncertainty and risk when basing their investment decisions on information provided in this document.
Results and ratios in this presentation are as of 30 June 2023, unless stated otherwise.
Komerční banka, a.s., public limited company with registered office: Prague 1, Na
Příkopě 33/ 969; identification number: 45 31 70 54; registered in the Commercial
Register maintained by the Municipal Court in Prague, Section B, file 1360
First half 2023: Successful start to KB's new era of banking
Highlights of H1&Q2 2023
First half 2023
Second quarter 2023
Group net income
Group net income
CZK 8.1billion
CZK 4.5billion
-2.9% year on year
+27.1% quarter over quarter
CZK 42.82 per share
CZK 23.96 per share
ROE
ROE
13.5%
14.9%
14.4% IFRIC linearised
Cost/Income ratio
Cost/Income ratio
50.2%
44.7%
46.7% IFRIC linearised
Solid business performance
Client loans
+3.3% YoY
+0.7% QoQ
Recovering sales of mortgages
Deposits
-2.9%YoY
+1.5% QoQ
Shift to term deposits and
mutual funds
Other AUM
+3.8% QoQ
+14.6%YoY
Loan to deposit ratio
80.2% (excluding repo operations)
Strong balance sheet
Liquidity coverage ratio
169%
Total capital ratio
20.0%
Core Tier I ratio
19.5%
Cost of risk
-22bps YoyNet release
In April, Komerční banka unveiled to the market its new banking proposition based on state-of-the-art banking technologies and tools. By June, some 22,000 clients enrolled for the new digital bank.
Jan Juchelka, KB's Chairman and CEO, has been elected as a President of the Czech Banking Association, with a three-year mandate
Komercní banka a.s. published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 05:11:35 UTC.
Komercni Banka a.s. is one of the largest Czech banking groups. Net interest income breaks down by activity as follows:
- retail bank (59.1%): sale of classic and specialized banking products and services (leasing, consumer loan, retirement funds management, insurance, etc.);
- business bank (33.1%);
- investment and market bank (5%): investment funds management, financial intermediation, etc.;
- other (2.8%).
At the end of 2021, the group had CZK 948.6 billion in current deposits and CZK 738.9 billion in current loans.
Products and services are ensured through a network of 242 branches located in Czech Republic.
KOMERCNÍ BANKA, 
