Institutional Sign In


The Most Profitable Banks in Czechia by ROE

October 23, 2023
Excel Sheet

Czech banks reported a quarterly net profit of CZK 34.6 bil in the second quarter of 2023, up 11.0% when compared to previous year. In the last twelve months, net profits reached CZK 103.3 bil and rose 10.0% yoy.

Ceska Sporitelna generated the largest net profit in the last quarter (CZK 5.99 mil in 2Q2023) followed by CSOB and Komercni Banka.

The three largest banks generated a net profit of CZK 16.4 bil, or almost 48% of sector's total profit in the second quarter of 2023, up when compared to 37.6% seen three years ago.

Overall, Czech banks generated its shareholders an annualized return on equity of 19.3% in the second quarter of 2023 and 14.7% return in the last four quarters. When equity "adjusted" to 15% of risk-weighted assets, the return on equity would have reached impressive 36.2% in 2Q2023 and 27.4% in the last twelve months.

Fio banka generated its shareholders the highest return in the last quarter (ROE of 41.8%) followed by Air Bank (27.8%) and Raiffeisen Stavebni Sporitelna (24.6%). When adjusted for the same level of equity (i.e. 15% of RWA), Fio banka, PPF Banka and Banka Creditas would have made it to the top of the list.

Within the last three years, Fio banka generated its shareholders the biggest return (36.8%) followed by Moneta Stavebni Sporitelna (22.8%) and Air Bank (17.7%).