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Sales of New Cars in Europe grew 20.8% in August 2023

Sales of new cars increased by 156 thousand in August compared to last year

In the first eight months of the year, the growth reached 17.9% yoy

Bulgaria performed relatively the best (up 37.9% yoy) while sales in Hungary showed the weakest change compared to the last year (down 10.4% yoy)

Czech Banks Quarterly - 2Q2023

 Czech banks increased net profit 11.0% yoy to CZK 34.6 bil in the second quarter of 2023 and generated ROE of 19.3%.

Operating income rose 14.8%, cost to income dropped to 31.2% and banks' share of bad loans fell to 1.82%.

Ceska Sporitelna generated the biggest profit while Modra Pyramida Stavebni Sporitelna produced the smallest one.