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Komercni Banka

KB's employees fell 4.93% yoy to 7,748 in 2Q2021

By Helgi Analytics - September 23, 2021

Komercni Banka employed 7,748 persons in 2021-06-30, down 0.914% when compared to the previous year. Historically, the bank's wo...

KB's capital adequacy ratio rose 5.94% yoy to 23.2% in 2Q2021

By Helgi Analytics - September 23, 2021

Komercni Banka's capital adequacy ratio reached 23.2% at the end of second quarter of 2021, up from 22.5% when compared to the pr...

KB's mortgage loans rose 7.02% yoy to CZK 245,500 mil in 4Q2020

By Helgi Analytics - September 23, 2021

Komercni Banka's mortgage loans reached CZK 245,500 mil in 2020-12-31, up 1.49% compared to the previous year. Czech banking se...

Profit Statement 2018 2019 2020
Net Interest Income CZK mil 22,704 23,591 21,361
Net Fee Income CZK mil 6,025 5,984 5,211
Other Income CZK mil 3,474 2,998 3,091
Total Revenues CZK mil 32,203 32,573 29,663
Staff Cost CZK mil 7,827 7,780 7,650
Operating Profit CZK mil 17,568 17,642 14,669
Provisions CZK mil -642 -571 4,578
Net Profit CZK mil 14,846 14,901 8,157
Balance Sheet 2018 2019 2020
Interbank Loans CZK mil 256,268 244,561 262,606
Customer Loans CZK mil 624,954 647,259 679,955
Investments CZK mil 117,760 131,183 158,916
Total Assets CZK mil 1,059,930 1,077,330 1,167,130
Shareholders' Equity CZK mil 103,329 108,635 117,058
Interbank Borrowing CZK mil 109,162 99,255 86,572
Customer Deposits CZK mil 795,560 816,301 906,217
Issued Debt Securities CZK mil 5,118 8,716 3,777
Ratios 2018 2019 2020
ROE % 14.6 14.1 7.23
ROA % 1.44 1.39 0.727
Costs (As % Of Assets) % 1.42 1.40 1.34
Costs (As % Of Income) % 45.4 45.8 50.5
Capital Adequacy Ratio % 18.5 19.7 22.3
Net Interest Margin % 2.20 2.21 1.90
Loans (As % Of Deposits) % 78.6 79.3 75.0
NPLs (As % Of Loans) % 2.72 2.13 2.63
Provisions (As % Of NPLs) % 70.4 72.4 62.9
Valuation 2018 2019 2020
Market Capitalisation USD mil 7,118 6,918 5,776
Number Of Shares mil 189 189 190
Share Price CZK 847 830 657
Price/Earnings (P/E) 10.8 10.6 15.2
Price/Book Value (P/BV) 1.55 1.44 1.06
Dividend Yield % 6.02 0 4.26
Earnings Per Share (EPS) CZK 78.6 78.1 43.2
Book Value Per Share CZK 547 575 617
Dividend Per Share CZK 51.0 0 28.0

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summary Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                                        
Net Interest Income CZK mil                                           21,423 21,357 21,069 20,808 22,704    
Total Revenues CZK mil                                           30,676 31,044 31,753 31,060 32,203    
Operating Profit CZK mil                                           17,612 16,692 17,726 17,685 17,568    
Net Profit CZK mil                                           12,954 12,759 13,689 14,930 14,846    
balance sheet                                                        
Interbank Loans CZK mil                                           59,698 47,799 51,771 222,821 256,268    
Customer Loans CZK mil                                           494,706 532,617 580,198 593,639 624,954    
Investments CZK mil                                           195,927 138,145 134,591 108,468 117,760    
Total Assets CZK mil                                           953,261 891,556 922,737 1,004,040 1,059,930    
                                                           
Shareholders' Equity CZK mil                                           109,494 106,229 105,401 100,346 103,329    
Interbank Borrowing CZK mil                                           61,362 56,231 54,125 84,051 109,162    
Customer Deposits CZK mil                                           701,867 656,287 699,377 762,043 795,560    
Issued Debt Securities CZK mil                                           22,584 21,403 13,423 7,392 5,118    
ratios                                                        
ROE % ...                                         12.6 11.8 12.9 14.5 14.6    
ROA % ...                                         1.43 1.38 1.51 1.55 1.44    
Costs (As % Of Assets) % ...                                         1.44 1.56 1.55 1.39 1.42    
Costs (As % Of Income) %                                           42.6 46.2 44.2 43.1 45.4    
Capital Adequacy Ratio %                   ... ... ... ...                 16.4 16.3 16.2 18.6 18.5    
Net Interest Margin % ...                                         2.36 2.32 2.32 2.16 2.20    
Interest Income (As % Of Revenues) %                                           69.8 68.8 66.4 67.0 70.5    
Fee Income (As % Of Revenues) %                                           22.0 22.4 21.0 20.8 18.7    
Staff Cost (As % Of Total Cost) %                                           51.9 47.3 50.1 54.7 53.5    
Equity (As % Of Assets) %                                           11.5 11.9 11.4 9.99 9.75    
Loans (As % Of Deposits) %                                           70.5 81.2 83.0 77.9 78.6    
Loans (As % Assets) %                                           51.9 59.7 62.9 59.1 59.0    
NPLs (As % Of Loans) % ... ... ... ...     ...                             6.37 2.80 2.50 3.04 2.72    
Provisions (As % Of NPLs) % ... ... ... ...     ...                             57.6 103 105 68.5 70.4    
valuation                                                        
Market Capitalisation USD mil ... ...                                       7,863 7,519 6,523 8,135 7,118    
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ...                     189 189 189 189 189    
Share Price CZK ... ...                                       948 990 885 915 847    
Earnings Per Share (EPS) CZK ... ... ... ... ... ... ... ... ... ... ...                     68.6 69.5 72.4 76.1 78.6    
Book Value Per Share CZK ... ... ... ... ... ... ... ... ... ... ...                     580 562 558 531 547    
Dividend Per Share CZK ... ...                                       62.0 62.0 40.0 47.0 51.0    
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ...                     13.8 14.3 12.2 12.0 10.8    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ...                     1.64 1.76 1.59 1.72 1.55    
Dividend Yield % ... ...                                       6.54 6.26 4.52 5.14 6.02    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ...                   3.37 1.26 4.24 5.12 3.24    
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ...                   13.4 -2.98 -0.777 -4.80 2.97    
income statement Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                                        
Interest Income CZK mil                                           31,222 28,622 26,757 26,647 33,643    
Interest Cost CZK mil                                           9,801 7,268 5,692 5,843 10,939    
Net Interest Income CZK mil                                           21,423 21,357 21,069 20,808 22,704    
Net Fee Income CZK mil                                           6,752 6,968 6,683 6,465 6,025    
Fee Income CZK mil                                           8,412 8,552 7,914 7,450 7,151    
Fee Expense CZK mil         ... ...     ... ... ... ... ... ... ... ...           1,660 1,584 1,231 1,166 1,126   ...
Other Income CZK mil                                           2,501 2,719 4,001 3,787 3,474    
Total Revenues CZK mil                                           30,676 31,044 31,753 31,060 32,203    
Staff Cost CZK mil                                           6,784 6,793 7,029 7,321 7,827    
Depreciation CZK mil ... ... ... ...                                   1,791 2,240 1,744 786 1,856    
Other Cost CZK mil ... ... ... ...                                   4,489 5,319 5,254 5,268 4,952    
Operating Cost CZK mil                                           13,064 14,352 14,027 13,375 14,635    
Operating Profit CZK mil                                           17,612 16,692 17,726 17,685 17,568    
Provisions CZK mil                                           1,296 1,075 1,817 -391 -642    
Extra and Other Cost CZK mil                                           317 -153 -964 -210 -310    
Pre-Tax Profit CZK mil                                           15,999 15,770 16,873 18,286 18,520    
Tax CZK mil                                           2,669 2,637 2,799 3,012 3,349    
Minorities CZK mil                                           376 374 386 344 325    
Net Profit CZK mil                                           12,954 12,759 13,689 14,930 14,846    
Net Profit Avail. to Common CZK mil                                           12,954 12,759 13,689 14,930 14,846    
Dividends CZK mil                                           11,783 11,709 7,602 8,932 9,693    
growth rates                                                        
Net Interest Income Growth % ...                                         1.03 -0.308 -1.35 -1.24 9.11    
Net Fee Income Growth % ...                                         -4.58 3.20 -4.09 -3.26 -6.81    
Total Revenue Growth % ...                                         -0.696 1.20 2.28 -2.18 3.68    
Operating Cost Growth % ...                                         -0.639 9.86 -2.26 -4.65 9.42    
Operating Profit Growth % ...                                         -0.738 -5.22 6.19 -0.231 -0.662    
Pre-Tax Profit Growth % ...                                         1.70 -1.43 6.99 8.37 1.28    
Net Profit Growth % ...                                         0.372 -1.51 7.29 9.07 -0.563    
market share                                                        
Market Share in Revenues %                                           18.3 17.8 17.6 17.3 16.9 ... ...
Market Share in Net Profit %         ... ... ... ...                           20.5 19.2 18.6 19.8 18.2 ... ...
Market Share in Employees % ...                                         21.2 20.8 21.0 20.8 20.2 ... ...
Market Share in Bank Cards % ... ... ... ... ... ... ...                             0.014 0.014 0.014 0.015 0.014 ... ...
Market Share in Debit Cards % ... ... ... ... ... ... ...                             0.015 0.016 0.015 0.016 0.014 ... ...
Market Share in Credit Cards % ... ... ... ... ... ... ...                             0.009 0.010 0.010 0.015 0.015 ... ...
Market Share in Branches % ... ... ...                                     18.6 19.0 19.8 20.6 19.8 ... ...
balance sheet Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                                        
Cash & Cash Equivalents CZK mil                                           152,904 128,336 112,241 32,663 24,851    
Interbank Loans CZK mil                                           59,698 47,799 51,771 222,821 256,268    
Customer Loans CZK mil                                           494,706 532,617 580,198 593,639 624,954    
Retail Loans CZK mil ... ... ... ... ... ...                               224,700 252,600 281,800 299,500 313,300    
Mortgage Loans CZK mil ... ... ... ... ... ...                               159,800 185,000 207,800 218,900 223,900    
Consumer Loans CZK mil ... ... ... ... ... ...                               29,000 30,600 35,200 37,000 38,700    
Corporate Loans CZK mil ... ... ... ... ... ...                               250,040 261,924 286,270 286,502 287,621    
Investments CZK mil                                           195,927 138,145 134,591 108,468 117,760    
Property and Equipment CZK mil                                           7,666 6,844 6,666 7,404 7,676    
Intangible Assets CZK mil ... ... ... ... ... ... ...                             7,510 7,619 7,638 8,436 9,001    
Goodwill CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           3,752 3,752 3,752 3,752 3,752    
Total Assets CZK mil                                           953,261 891,556 922,737 1,004,040 1,059,930    
                                                           
Shareholders' Equity CZK mil                                           109,494 106,229 105,401 100,346 103,329    
Of Which Minority Interest CZK mil                                           3,131 3,816 3,831 3,797 3,398    
Liabilities CZK mil                                           843,767 785,327 817,336 903,693 956,603    
Interbank Borrowing CZK mil                                           61,362 56,231 54,125 84,051 109,162    
Customer Deposits CZK mil                                           701,867 656,287 699,377 762,043 795,560    
Sight Deposits CZK mil                                           416,106 449,672 496,353 556,897 722,900    
Term Deposits CZK mil                                           199,826 189,815 190,460 191,602 61,800    
Issued Debt Securities CZK mil                                           22,584 21,403 13,423 7,392 5,118    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ...     ...                   ... ... ... ... ... ... ...
Other Liabilities CZK mil                                           57,954 51,406 50,411 50,207 46,763    
asset quality                                                        
Non-Performing Loans CZK mil ... ... ... ...     ...                             32,727 15,350 14,885 18,600 17,300    
Gross Loans CZK mil                                           513,556 548,451 595,781 610,849 637,125    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ...                 384,186 407,638 442,866 424,565 451,052    
Total Provisions CZK mil                                           18,850 15,834 15,583 12,747 12,171    
growth rates                                                        
Customer Loan Growth % ...                                         4.57 7.66 8.93 2.32 5.28    
Retail Loan Growth % ... ... ... ... ... ... ...                             2.93 12.4 11.6 6.28 4.61    
Mortgage Loan Growth % ... ... ... ... ... ... ...                             9.30 15.8 12.3 5.34 2.28    
Consumer Loan Growth % ... ... ... ... ... ... ...                             1.75 5.52 15.0 5.11 4.59    
Corporate Loan Growth % ... ... ... ... ... ... ...                             5.30 4.75 9.30 0.081 0.391    
Total Asset Growth % ...                                         10.3 -6.47 3.50 8.81 5.57    
Shareholders' Equity Growth % ...                                         13.4 -2.98 -0.779 -4.80 2.97    
Customer Deposit Growth % ...                                         8.12 -6.49 6.57 8.96 4.40    
market share                                                        
Market Share in Customer Loans %                                           18.8 19.1 19.7 19.2 18.9    
Market Share in Corporate Loans % ... ... ... ... ... ...                               28.6 28.4 29.3 28.0 26.6    
Market Share in Retail Loans % ... ... ... ... ... ...                               8.78 8.70 9.60 9.69 9.68    
Market Share in Consumer Loans % ... ... ... ... ... ...                               18.3 19.1 19.8 19.6 19.0    
Market Share in Mortgage Loans % ... ... ... ... ... ...                               17.8 19.0 19.7 19.1 18.0    
Market Share in Total Assets %                                           17.7 16.1 15.3 14.2 14.5    
Market Share in Customer Deposits %                                           20.4 18.6 18.6 18.3 17.9    
ratios Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                         
ROE % ...                                         12.6 11.8 12.9 14.5 14.6    
ROTE % ... ... ... ... ... ... ... ...                           13.6 12.7 13.9 15.7 15.9    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...               22.8 21.5 21.5 22.9 22.6    
ROA % ...                                         1.43 1.38 1.51 1.55 1.44    
Return on Loans % ...                                         2.68 2.48 2.46 2.54 2.44    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...               4.65 4.22 4.17 4.08 4.01    
Costs (As % Of Assets) % ...                                         1.44 1.56 1.55 1.39 1.42    
Costs (As % Of Income) %                                           42.6 46.2 44.2 43.1 45.4    
Costs (As % Of Loans) % ...                                         2.70 2.79 2.52 2.28 2.40    
Costs (As % Of Loans & Deposits) % ...                                         1.13 1.20 1.14 1.02 1.05    
Capital Adequacy Ratio %                   ... ... ... ...                 16.4 16.3 16.2 18.6 18.5    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ...       ...                 16.4 16.3 16.2 18.0 17.9    
Net Interest Margin % ...                                         2.36 2.32 2.32 2.16 2.20    
Interest Spread % ...                                         2.22 2.21 2.24 2.09 2.08    
Asset Yield % ...                                         3.44 3.10 2.95 2.77 3.26    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ... ... ...               8.09 7.84 7.47 7.16 7.36    
Cost Of Liabilities % ...                                         1.22 0.892 0.710 0.679 1.18    
Payout Ratio %                                           91.0 91.8 55.5 59.8 65.3    
Interest Income (As % Of Revenues) %                                           69.8 68.8 66.4 67.0 70.5    
Fee Income (As % Of Revenues) %                                           22.0 22.4 21.0 20.8 18.7    
Other Income (As % Of Revenues) %                                           8.15 8.76 12.6 12.2 10.8    
Staff Cost (As % Of Total Cost) %                                           51.9 47.3 50.1 54.7 53.5    
Equity (As % Of Assets) %                                           11.5 11.9 11.4 9.99 9.75    
Equity (As % Of Loans) %                                           22.1 19.9 18.2 16.9 16.5    
Loans (As % Of Deposits) %                                           70.5 81.2 83.0 77.9 78.6    
Loans (As % Assets) %                                           51.9 59.7 62.9 59.1 59.0    
NPLs (As % Of Loans) % ... ... ... ...     ...                             6.37 2.80 2.50 3.04 2.72    
Provisions (As % Of NPLs) % ... ... ... ...     ...                             57.6 103 105 68.5 70.4    
Provisions (As % Of Loans) %                                           3.81 2.97 2.69 2.15 1.95    
Cost of Provisions (As % Of Loans) % ...                                         0.268 0.209 0.327 -0.067 -0.105    
other data Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                         
Branches ... ... ...                                     413 411 406 401 388    
ATMs ... ... ...                                     754 772 768 764 776    
ATMs (As % of Bank Branches) % ... ... ...                                     183 188 189 191 200    
Employees                                           8,573 8,575 8,615 8,696 8,454    
Employees Per Bank Branch ... ... ...                                     20.8 20.9 21.2 21.7 21.8    
Cost Per Employee USD per month                                           3,085 2,766 2,695 2,990 3,526    
Cost Per Employee (Local Currency) CZK per month                                           65,944 66,016 67,992 70,157 77,153    
Employee Turnover % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 13.5 13.0 16.0   ...
Women (As % of Workforce) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 67.0 67.0 66.0 65.0   ...
customer breakdown Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                                         
Customers mil ... ... ... ... ... ... ...                             1.63 1.65 1.65 1.66 1.67    
Number of Primary Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             1.27 1.34 1.39 1.42 1.46    
Payment Cards mil ... ... ... ... ... ... ...                             1.53 1.62 1.60 1.69 1.67    
Debit Cards mil ... ... ... ... ... ... ...                             1.34 1.42 1.40 1.40 1.39    
Credit Cards mil ... ... ... ... ... ... ...                             0.191 0.201 0.194 0.294 0.282    
Number of Mortgages mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   0.126 0.144 0.154 0.157 0.154    
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   1,266,000 1,282,000 1,352,000 1,393,000 1,451,000    
Primary (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             78.0 81.4 83.9 85.5 87.2    
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   7.76 8.76 9.29 9.44 9.25    
Payments Cards (As % of Total Clients) % ... ... ... ... ... ... ...                             94.2 98.2 96.4 102 100    
Debit Cards (As % of Total Clients) % ... ... ... ... ... ... ...                             82.5 86.0 84.7 84.1 83.2    
Credit Cards (As % of Total Clients) % ... ... ... ... ... ... ...                             11.7 12.2 11.7 17.7 16.9    
                                                           
Market Value per Customer (Local Currency) CZK ... ... ... ... ... ... ...                             110,805 113,323 101,116 104,083 95,876    
Revenue per Customer (Local Currency) CZK ... ... ... ... ... ... ...                             18,866 18,849 19,198 18,666 19,306    
Net Profit per Customer (Local Currency) CZK ... ... ... ... ... ... ...                             7,967 7,747 8,276 8,972 8,900    
Loan per Customer (Local Currency) CZK ... ... ... ... ... ... ...                             304,247 323,386 350,785 356,754 374,673    
Deposit per Customer (Local Currency) CZK ... ... ... ... ... ... ...                             431,653 398,474 422,840 457,959 476,954    
Market Value per Customer USD ... ... ... ... ... ... ...                             4,836 4,565 3,944 4,889 4,268    
Revenue per Customer USD ... ... ... ... ... ... ...                             883 790 761 795 882    
Net Profit per Customer USD ... ... ... ... ... ... ...                             373 325 328 382 407    
Loan per Customer USD ... ... ... ... ... ... ...                             13,278 13,027 13,682 16,756 16,677    
Deposit per Customer USD ... ... ... ... ... ... ...                             18,838 16,052 16,492 21,510 21,230    

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KB's branches fell 11.6% yoy to 243 in 2Q2021

By Helgi Analytics - September 23, 2021

Komercni Banka employed 7,748 persons in 2021-06-30, down 0.914% compared to the previous year. Historically, the bank's workforce hit an all time high of 8,930 persons in 2009-03-31 and an all time low of 7,748 in 2021-06-30. The bank operated a network of ...

KB's net interest margin fell 5.33% yoy to 1.52% in 2Q2021

By Helgi Analytics - September 23, 2021

Komercni Banka's net interest margin amounted to 1.52% in the second quarter of 2021, down from 1.63% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.65% in 4Q2007 and an all time low of ...

KB's customer deposits rose 9.40% yoy to CZK 893,044 mil in 4Q2020

By Helgi Analytics - September 23, 2021

Komercni Banka's customer deposits reached CZK 893,044 mil in 2020-12-31, down 4.01% compared to the previous year. Czech banking sector accepted customer deposits of CZK 5,162 bil in 2020-12-31, down 6.99% when compared to the last year. Komercni Banka a...

KB's customer loans rose 5.05% yoy to CZK 679,956 mil in 4Q2020

By Helgi Analytics - September 23, 2021

Komercni Banka's customer loans reached CZK 679,956 mil in 2020-12-31, down 0.545% compared to the previous year. Czech banking sector provided customer loans of CZK 3,596 bil in 2020-12-31, down 0.651% when compared to the last year. Komercni Banka accou...

KB's net profit rose 82.4% yoy to CZK 3,194 mil in 2Q2021

By Helgi Analytics - September 23, 2021

Komercni Banka made a net profit of CZK 3,194 mil in the second quarter of 2021, up 82.4% when compared to the same period of last year. This implies a return on equity of 10.6%. Historically, the bank’s net profit reached an all time high of CZK 5,564 mil in 4Q2...

KB's net profit rose 82.4% yoy to CZK 3,194 mil in 2Q2021

By Helgi Analytics - September 23, 2021

Komercni Banka made a net profit of CZK 3,194 mil under revenues of CZK 7,383 mil in the second quarter of 2021, up 82.4% and 1.96% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZK 5,...

KB's costs (as % of assets) fell 5.84% yoy to 1.07% in 2Q2021

By Helgi Analytics - September 23, 2021

Komercni Banka's cost to income ratio reached 47.3% in the second quarter of 2021, down from 58.5% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 58.5% of income in 1Q2021 and an all time low of 28.7% in 4Q2...

KB's corporate loans rose 17.4% yoy to CZK 343,200 mil in 4Q2020

By Helgi Analytics - September 23, 2021

Komercni Banka's loans reached CZK 689,078 mil in the fourth quarter of 2020, down from CZK 691,983 mil when compared to the previous quarter and up from CZK 655,446 mil when compared to the same period of last year. Historically, the bank’s loans r...

KB's npls (as % of loans) rose 31.8% yoy to 2.87% in 2Q2021

By Helgi Analytics - September 23, 2021

Komercni Banka's non-performing loans reached 2.87% of total loans at the end of 2021-06-30, up from 2.18% compared to the previous year. Historically, the NPL ratio hit an all time high of 33.7% in 2000-12-31 and an all time low of 2.07% in 2020-03-31. Pro...

KB's total revenues fell 12.1% yoy to CZK 7,263 mil in 3Q2020

By Helgi Analytics - September 23, 2021

Komercni Banka generated total banking revenues of CZK 7,263 mil in 2020-09-30, up 0.304% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 41,746 mil in 2020-09-30, down 13.4% when compared to the last...

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Komerční Banka is the third largest bank by assets in the Czech Republic, with a share of over 16%. Formerly a corporate-oriented bank, the bank has developed into a universal bank servicing more than 1.3 mil retail clients through nearly 400 branches. Following hefty loan losses and a government-orchestrated bailout at the end of the 1990s, 60% of the bank was sold to France's Societe Generale in 2001. Since the takeover, Komerční Banka's net profit has increased fivefold and the bank's ROE has exceeded 20%. The bank is well capitalised (with a capital adequacy ratio at nearly 15%) and funded (with loans to deposits at only 78%) and has been lending cautiously since its privatisation (non-performing loans accounted for only 5.8% of the total at the end of 2012).

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Finance

Komercni Banka has been growing its revenues and asset by -0.847% and 5.28% a year on average in the last 10 years. Its loans and deposits have grown by 5.86% and 5.35% a year during that time and loans to deposits ratio reached 75.0% at the end of 2020. The company achieved an average return on equity of 12.9% in the last decade with net profit growing -4.85% a year on average. In terms of operating efficiency, its cost to income ratio reached 50.5% in 2020, compared to 44.3% average in the last decade.

Equity represented 10.0% of total assets or 17.2% of loans at the end of 2020. Komercni Banka's non-performing loans were 2.63% of total loans while provisions covered some 62.9% of NPLs at the end of 2020.

Valuation

Komercni Banka stock traded at per share at the end of 2020 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 12.0% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 15.2x and price to book value (PBV) of 1.06x in 2020.