Komercni Banka

KB's branches fell 0.278% to 359 in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka employed 8,144 persons in 2019-06-30, down 0.282% compared to the previous year. Historically, the bank's workfor...

KB's customer deposits rose 4.25% to CZK 892,997 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's customer deposits reached CZK 892,997 mil in 2019-06-30, up 4.25% compared to the previous year. Czech banking...

KB's employees fell 0.282% to 8,144 in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka employed 8,144 persons in 2019-06-30, down 0.282% when compared to the previous year. Historically, the bank's wo...

Profit Statement 2016 2017 2018
Net Interest Income CZK mil 21,069 20,808 22,705
Fee Income (As % Of Revenues) % 21.0 20.8 18.7
Other Income CZK mil 4,001 3,787 3,474
Total Revenues CZK mil 31,753 31,060 32,203
Staff Cost CZK mil 7,029 7,321 7,826
Operating Profit CZK mil 17,726 17,685 17,569
Provisions CZK mil 1,817 -391 -643
Net Profit CZK mil 13,689 14,930 14,846
Balance Sheet 2016 2017 2018
Interbank Loans CZK mil 51,771 228,373 256,268
Customer Loans CZK mil 580,198 598,102 622,946
Debt Securities CZK mil 134,591 108,468 107,062
Total Assets CZK mil 922,737 1,004,040 1,059,930
Shareholders' Equity CZK mil 105,401 100,346 103,329
Interbank Borrowing CZK mil 54,124 84,050 92,271
Customer Deposits CZK mil 699,377 762,043 812,451
Issued Debt Securities CZK mil 13,423 26,697 5,118
Ratios 2016 2017 2018
ROE % 12.9 14.5 14.6
ROA % 1.51 1.55 1.44
Costs (As % Of Assets) % 1.55 1.39 1.42
Costs (As % Of Income) % 44.2 43.1 45.4
Capital Adequacy Ratio % 16.2 18.6 18.5
Net Interest Margin % 2.32 2.16 2.20
Loans (As % Of Deposits) % 83.0 78.5 76.7
NPLs (As % Of Loans) % 3.80 3.06 2.71
Provisions (As % Of NPLs) % 67.2 61.7 59.4
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 6,519 8,155 7,165
Share Price (End Of Period) CZK 885 915 847
Price/Earnings (P/E) 12.2 11.6 10.8
Price/Book Value (P/BV) 1.59 1.73 1.56
Dividend Yield % 4.55 5.12 6.02
Earnings Per Share (EPS) CZK 72.5 78.6 78.1
Book Value Per Share CZK 558 528 544
Dividend Per Share CZK 40.2 46.8 51.0

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summary Unit 1990 1991 1992 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
income statement                                                          
Net Interest Income CZK mil ... ... ... ... ... ...                                 21,969 21,204 21,423 21,357 21,069    
Total Revenues CZK mil ... ... ... ... ... ...                                 32,663 30,891 30,676 31,044 31,753    
Operating Profit CZK mil ... ... ... ... ... ...                                 19,179 17,743 17,612 16,692 17,726    
Net Profit CZK mil ... ... ... ... ... ...                                 14,233 12,906 12,954 12,759 13,689    
balance sheet                                                          
Interbank Loans CZK mil ... ... ... ... ... ... ...                               64,111 125,735 59,698 47,799 51,771    
Customer Loans CZK mil ... ... ... ... ... ...                                 451,547 473,090 494,706 532,617 580,198    
Debt Securities CZK mil ... ... ... ... ... ... ... ...                             196,706 182,533 195,927 138,145 134,591    
Total Assets CZK mil ... ... ... ... ... ...                                 786,836 863,980 953,261 891,555 922,737    
Shareholders' Equity CZK mil ... ... ... ... ... ...                                 103,307 96,538 109,494 106,228 105,401    
Interbank Borrowing CZK mil ... ... ... ... ... ... ...                               38,901 49,680 61,360 56,230 54,124    
Customer Deposits CZK mil ... ... ... ... ... ...                                 579,067 649,158 701,867 666,407 699,377    
Issued Debt Securities CZK mil ... ... ... ... ... ... ...                               39,213 39,947 46,054 11,283 13,423    
ratios                                                          
ROE % ... ... ... ... ... ...                                 15.2 12.9 12.6 11.8 12.9    
ROA % ... ... ... ... ... ...                                 1.85 1.56 1.43 1.38 1.51    
Costs (As % Of Assets) % ... ... ... ... ... ...                                 1.75 1.59 1.44 1.56 1.55    
Costs (As % Of Income) % ... ... ... ... ... ...                                 41.3 42.6 42.6 46.2 44.2    
Capital Adequacy Ratio % ... ... ... ... ... ...                                 14.7 15.8 16.4 16.3 16.2    
Net Interest Margin % ... ... ... ... ... ...                                 2.85 2.57 2.36 2.32 2.32    
Interest Income (As % Of Revenues) % ... ... ... ... ... ...                                 67.3 68.6 69.8 68.8 66.4    
Fee Income (As % Of Revenues) % ... ... ... ... ... ...                                 21.3 22.9 22.0 22.4 21.0    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ...                               50.3 51.2 51.9 47.3 50.1    
Equity (As % Of Assets) % ... ... ... ... ... ...                                 13.1 11.2 11.5 11.9 11.4    
Loans (As % Of Deposits) % ... ... ... ... ... ...                                 78.0 72.9 70.5 79.9 83.0    
Loans (As % Assets) % ... ... ... ... ... ...                                 57.4 54.8 51.9 59.7 62.9    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...                             5.80 5.60 5.21 4.20 3.80    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...                             62.7 64.2 70.4 68.7 67.2    
valuation                                                          
Market Capitalisation (End Of Period) USD mil ... ... ... ... ... ...                                 7,966 8,421 7,863 7,532 6,519    
Number Of Shares (Average) mil ... ... ... ... ... ...                                 189 189 190 189 189    
Share Price (End Of Period) CZK ... ... ... ... ...                                   802 884 948 990 885    
Earnings Per Share (EPS) CZK ... ... ... ... ... ...                                 75.4 68.3 68.2 67.6 72.5    
Book Value Per Share CZK ... ... ... ... ... ...                                 547 511 580 562 558    
Dividend Per Share CZK ... ... ... ... ... ... ... ... ... ... ... ...                     32.2 46.3 46.0 62.4 40.2    
Price/Earnings (P/E) ... ... ... ... ... ...     ... ... ...                       10.6 12.9 13.9 14.7 12.2    
Price/Book Value (P/BV) ... ... ... ... ... ...                                 1.47 1.73 1.64 1.76 1.59    
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... ...                     4.01 5.23 4.85 6.30 4.55    
Earnings Per Share Growth % ... ... ... ... ... ... ...                               46.5 -9.32 -0.258 -0.883 7.29    
Book Value Per Share Growth % ... ... ... ... ... ... ...                               22.6 -6.55 13.4 -2.98 -0.779    
income statement Unit 1990 1991 1992 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
income statement                                                          
Interest Income CZK mil ... ... ... ... ... ... ...                               35,993 32,230 31,222 28,622 26,757    
Interest Cost CZK mil ... ... ... ... ... ... ...                               14,024 11,026 9,801 7,268 5,692    
Net Interest Income CZK mil ... ... ... ... ... ...                                 21,969 21,204 21,423 21,357 21,069    
Net Fee Income CZK mil ... ... ... ... ... ...                                 6,971 7,076 6,752 6,968 6,683    
Other Income CZK mil ... ... ... ... ... ...                                 3,723 2,611 2,501 2,719 4,001    
Total Revenues CZK mil ... ... ... ... ... ...                                 32,663 30,891 30,676 31,044 31,753    
Staff Cost CZK mil ... ... ... ... ... ... ...                               6,786 6,728 6,784 6,793 7,029    
Depreciation CZK mil ... ... ... ... ... ... ...                               1,707 1,755 1,791 2,240 1,744    
Other Cost CZK mil ... ... ... ... ... ... ...                               4,991 4,665 4,489 5,319 5,254    
Operating Cost CZK mil ... ... ... ... ... ...                                 13,484 13,148 13,064 14,352 14,027    
Operating Profit CZK mil ... ... ... ... ... ...                                 19,179 17,743 17,612 16,692 17,726    
Provisions CZK mil ... ... ... ... ... ... ...                               1,871 1,739 1,296 1,075 1,817    
Extra and Other Cost CZK mil ... ... ... ... ... ... ...                               368 273 317 -153 -964    
Pre-Tax Profit CZK mil ... ... ... ... ... ... ...                               16,940 15,731 15,999 15,770 16,873    
Tax CZK mil ... ... ... ... ... ... ...                               2,709 2,825 2,669 2,637 2,799    
Minorities CZK mil ... ... ... ... ... ... ...                               278 377 376 374 386    
Net Profit CZK mil ... ... ... ... ... ...                                 14,233 12,906 12,954 12,759 13,689    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ...                     6,080 8,740 8,742 11,783 7,600    
growth rates                                                          
Net Interest Income Growth % ... ... ... ... ... ... ...                               -0.642 -3.48 1.03 -0.308 -1.35    
Net Fee Income Growth % ... ... ... ... ... ... ...                               -4.31 1.51 -4.58 3.20 -4.09    
Total Revenue Growth % ... ... ... ... ... ... ...                               -0.006 -5.43 -0.696 1.20 2.28    
Operating Cost Growth % ... ... ... ... ... ... ...                               0.015 -2.49 -0.639 9.86 -2.26    
Operating Profit Growth % ... ... ... ... ... ... ...                               -0.021 -7.49 -0.738 -5.22 6.19    
Pre-Tax Profit Growth % ... ... ... ... ... ... ... ...                             47.9 -7.14 1.70 -1.43 6.99    
Net Profit Growth % ... ... ... ... ... ... ...                               46.5 -9.32 0.372 -1.51 7.29    
market share                                                          
Market Share in Revenues % ... ... ... ... ... ...                                 19.5 18.4 18.3 17.8 17.6    
Market Share in Net Profit % ... ... ... ... ... ...   ... ... ... ...                       22.1 21.1 20.5 19.2 18.6    
Market Share in Employees % ... ... ... ...                                     21.7 21.4 21.1 20.4 20.6    
Market Share in Bank Cards % ... ... ... ... ... ... ... ... ... ...                         15.9 15.2 13.9 14.2 14.1    
Market Share in Debit Cards % ... ... ... ... ... ... ... ... ... ...                         16.9 17.2 15.4 15.5 15.2    
Market Share in Credit Cards % ... ... ... ... ... ... ... ... ... ...                         11.1 9.59 9.44 9.94 10.4    
Market Share in Branches % ... ... ... ... ... ...                                 19.0 17.9 18.0 18.3 19.8    
balance sheet Unit 1990 1991 1992 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
balance sheet                                                          
Cash CZK mil ... ... ... ... ... ... ...                               28,057 44,405 152,904 128,336 112,241    
Interbank Loans CZK mil ... ... ... ... ... ... ...                               64,111 125,735 59,698 47,799 51,771    
Customer Loans CZK mil ... ... ... ... ... ...                                 451,547 473,090 494,706 532,617 580,198    
Retail Loans CZK mil ... ... ... ... ... ... ... ... ...                           210,100 218,300 224,700 252,600 281,800    
Mortgage Loans CZK mil ... ... ... ... ... ... ... ... ...                           133,300 146,200 159,800 185,000 207,800    
Consumer Loans CZK mil ... ... ... ... ... ... ... ... ...                           27,500 28,500 29,000 30,600 35,200    
Corporate Loans CZK mil ... ... ... ... ... ... ... ... ...                           235,500 246,700 224,700 268,800 275,700    
Debt Securities CZK mil ... ... ... ... ... ... ... ...                             196,706 182,533 195,927 138,145 134,591    
Fixed Assets CZK mil ... ... ... ... ... ... ... ... ... ...                         6,581 7,872 7,666 7,779 10,552    
Total Assets CZK mil ... ... ... ... ... ...                                 786,836 863,980 953,261 891,555 922,737    
Shareholders' Equity CZK mil ... ... ... ... ... ...                                 103,307 96,538 109,494 106,228 105,401    
Of Which Minority Interest CZK mil ... ... ... ... ... ... ...                               2,769 2,879 3,131 3,816 3,831    
Liabilities CZK mil ... ... ... ... ... ...                                 683,529 767,442 843,767 785,327 817,336    
Interbank Borrowing CZK mil ... ... ... ... ... ... ...                               38,901 49,680 61,360 56,230 54,124    
Customer Deposits CZK mil ... ... ... ... ... ...                                 579,067 649,158 701,867 666,407 699,377    
Retail Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ...                   156,400 161,800 178,400 197,400 230,100    
Corporate Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ...                   308,000 349,100 379,100 385,000 394,500    
Issued Debt Securities CZK mil ... ... ... ... ... ... ...                               39,213 39,947 46,054 11,283 13,423    
Other Liabilities CZK mil ... ... ... ... ... ... ...                               26,348 28,657 34,486 51,407 50,412    
asset quality                                                          
Non-Performing Loans CZK mil ... ... ... ... ... ... ... ...                             27,208 27,524 26,767 23,024 22,625    
Gross Loans CZK mil ... ... ... ... ... ... ... ...                             469,100 491,500 513,556 548,200 595,400    
Total Provisions CZK mil ... ... ... ... ... ... ...                               17,060 17,670 18,850 15,818 15,202    
growth rates                                                          
Customer Loan Growth % ... ... ... ... ... ... ...                               3.95 4.77 4.57 7.66 8.93    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...                         4.01 3.90 2.93 12.4 11.6    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ...                         8.37 9.68 9.30 15.8 12.3    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ...                         -0.362 3.64 1.75 5.52 15.0    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...                         4.99 4.76 -8.92 19.6 2.57    
Total Asset Growth % ... ... ... ... ... ... ...                               4.24 9.80 10.3 -6.47 3.50    
Shareholders' Equity Growth % ... ... ... ... ... ... ...                               22.3 -6.55 13.4 -2.98 -0.779    
Customer Deposit Growth % ... ... ... ... ... ... ...                               3.28 12.1 8.12 -5.05 4.95    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -2.19 3.45 10.3 10.7 16.6    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 4.37 13.3 8.59 1.56 2.47    
market share                                                          
Market Share in Customer Loans % ... ... ... ... ... ...                                 19.1 18.8 18.8 19.1 19.7    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...                           28.2 28.4 25.7 29.2 28.3    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...                           8.47 8.62 8.78 8.70 9.60    
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ...                           18.5 18.5 18.3 19.1 19.8    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ...                           16.5 17.2 17.8 19.0 19.7    
Market Share in Total Assets % ... ... ... ... ... ...                                 17.0 16.6 17.7 16.1 15.3    
Market Share in Customer Deposits % ... ... ... ... ... ...                                 18.5 19.4 20.4 18.9 18.6    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ...                   8.83 8.93 9.28 9.70 10.4    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ...                   43.0 44.9 45.2 41.8 43.1    
ratios Unit 1990 1991 1992 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
ratios                                                          
ROE % ... ... ... ... ... ...                                 15.2 12.9 12.6 11.8 12.9    
ROA % ... ... ... ... ... ...                                 1.85 1.56 1.43 1.38 1.51    
Costs (As % Of Assets) % ... ... ... ... ... ...                                 1.75 1.59 1.44 1.56 1.55    
Costs (As % Of Income) % ... ... ... ... ... ...                                 41.3 42.6 42.6 46.2 44.2    
Capital Adequacy Ratio % ... ... ... ... ... ...                                 14.7 15.8 16.4 16.3 16.2    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         14.7 15.8 16.4 16.3 16.2    
Net Interest Margin % ... ... ... ... ... ...                                 2.85 2.57 2.36 2.32 2.32    
Interest Spread % ... ... ... ... ... ... ...                               2.60 2.38 2.22 2.21 2.24    
Asset Yield % ... ... ... ... ... ... ...                               4.67 3.90 3.44 3.10 2.95    
Cost Of Liabilities % ... ... ... ... ... ... ...                               2.07 1.52 1.22 0.892 0.710    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ...                     42.7 67.7 67.5 92.4 55.5    
Interest Income (As % Of Revenues) % ... ... ... ... ... ...                                 67.3 68.6 69.8 68.8 66.4    
Fee Income (As % Of Revenues) % ... ... ... ... ... ...                                 21.3 22.9 22.0 22.4 21.0    
Other Income (As % Of Revenues) % ... ... ... ... ... ...                                 11.4 8.45 8.15 8.76 12.6    
Cost Per Employee USD per month ... ... ... ... ... ... ...                               3,301 3,331 3,105 2,816 2,745    
Cost Per Employee (Local Currency) CZK per month ... ... ... ... ... ... ...                               64,568 65,164 66,354 67,223 69,254    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ...                               50.3 51.2 51.9 47.3 50.1    
Equity (As % Of Assets) % ... ... ... ... ... ...                                 13.1 11.2 11.5 11.9 11.4    
Loans (As % Of Deposits) % ... ... ... ... ... ...                                 78.0 72.9 70.5 79.9 83.0    
Loans (As % Assets) % ... ... ... ... ... ...                                 57.4 54.8 51.9 59.7 62.9    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ...                             5.80 5.60 5.21 4.20 3.80    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ...                             62.7 64.2 70.4 68.7 67.2    
Provisions (As % Of Loans) % ... ... ... ... ... ... ...                               3.78 3.74 3.81 2.97 2.62    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ... ...                               0.422 0.376 0.268 0.209 0.327    
other data Unit 1990 1991 1992 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
other data                                                          
Branches ... ... ... ... ... ...                                 399 399 399 397 406    
Employees                                             8,758 8,604 8,520 8,421 8,458    
ATMs ... ... ... ... ... ...                                 702 729 754 772 768    
Clients mil ... ... ... ... ... ... ... ... ... ...                         1.60 1.59 1.63 1.65 1.65    
E-Clients mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         1.12 1.17 1.27 1.34 1.39    
Payment Cards '000 ... ... ... ... ... ... ... ... ... ...                         1,612 1,562 1,532 1,618 1,595    
Debit Cards '000 ... ... ... ... ... ... ... ... ... ...                         1,403 1,363 1,342 1,417 1,401    
Credit Cards '000 ... ... ... ... ... ... ... ... ... ...                         209 199 191 201 194    
Revenues From Abroad CZK mil ... ... ... ... ... ...                                 0 0 0 0 0    
Profit From Abroad CZK mil ... ... ... ... ... ...                                 0 0 0 0 0    
Revenues From Abroad (As % Of Total) % ... ... ... ... ... ...                                 0 0 0 0 0    
Profit From Abroad (As % Of Total) % ... ... ... ... ... ... ...                               0 0 0 0 0    
Risk-Weighted Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     366,107 373,796 384,186 342,000 442,900    

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KB's mortgage loans rose 0.536% to CZK 225,100 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's mortgage loans reached CZK 225,100 mil in 2019-06-30, up 0.536% compared to the previous year. Czech banking sector provided mortgage loans of CZK 1,282 bil in 2019-06-30, up 1.71% when compared to the last year. Komercni Banka accounted ...

KB's retail deposits rose 1.09% to CZK 343,100 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's retail deposits reached CZK 343,100 mil in 2019-06-30, up 1.09% compared to the previous year. Czech banking sector accepted retail deposits of CZK 2,689 bil in 2019-06-30, up 1.68% when compared to the last year. Komercni Banka accounted...

KB's net profit rose 27.1% to CZK 4,036 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka made a net profit of CZK 4,036 mil in the second quarter of 2019, up 7.48% when compared to the same period of last year. This implies a return on equity of 15.6%. Historically, the bank’s net profit reached an all time high of CZK 4,204 mil in 3Q2...

KB's customer loans rose 1.47% to CZK 634,568 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's customer loans reached CZK 634,568 mil in 2019-06-30, up 1.47% compared to the previous year. Czech banking sector provided customer loans of CZK 3,398 bil in 2019-06-30, up 1.23% when compared to the last year. Komercni Banka accounted f...

KB's net interest margin fell 5.84% to 2.02% in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's net interest margin amounted to 2.02% in the second quarter of 2019, down from 2.15% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 3.20% in 4Q2009 and an all time low of ...

KB's retail loans rose 0.858% to CZK 317,300 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's retail loans reached CZK 317,300 mil in the second quarter of 2019, up 0.858% compared to the previous year. Czech banking sector provided retail loans of CZK 1,691 bil in 2Q2019, up 1.70% when compared to the last year. Komercni Banka ac...

KB's capital adequacy ratio rose 0.529% to 19.0% in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's capital adequacy ratio reached 19.0% at the end of second quarter of 2019, up from 18.9% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 19.0% in 2Q2019 and an all time low of 11.6% in 1Q2008. ...

KB's corporate deposits rose 2.04% to CZK 486,000 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's corporate deposits reached CZK 486,000 mil in 2019-06-30, up 2.04% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,037 bil in 2019-06-30, up 2.06% when compared to the last year. Komercni Banka acc...

KB's consumer loans rose 0.259% to CZK 38,700 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's consumer loans reached CZK 38,700 mil in 2019-06-30, up 0.259% compared to the previous year. Czech banking sector provided consumer loans of CZK 409 bil in 2019-06-30, up 1.70% when compared to the last year. Komercni Banka accounted for...

KB's npls (as % of loans) fell 8.00% to 2.30% in 2Q2019

By Helgi Analytics - November 05, 2019

Komercni Banka's non-performing loans reached 2.30% of total loans at the end of 2019-06-30, down from 2.73% 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 2.30% in 2019-06-30. P...

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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).

Komercni Banka Logo

Finance

Komercni Banka has been growing its revenues and asset by -0.387% and 4.25% a year on average in the last 10 years. Its loans and deposits have grown by 5.52% and 3.89% a year during that time and loans to deposits ratio reached 76.7% at the end of 2018. The company achieved an average return on equity of 14.1% in the last decade with net profit growing 1.21% a year on average. In terms of operating efficiency, its cost to income ratio reached 45.4% in 2018, compared to 42.8% average in the last decade.

Equity represented 9.75% of total assets or 16.6% of loans at the end of 2018. Komercni Banka's non-performing loans were 2.71% of total loans while provisions covered some 59.4% of NPLs at the end of 2018.

Valuation

Komercni Banka stock traded at CZK 847 per share at the end of 2018 resulting in a market capitalization of USD 7,165 mil. Over the previous five years, stock price fell by 4.21% or 0.856% a year on average. That’s compared to an average ROE of 13.3% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 10.8x and price to book value (PBV) of 1.56x in 2018.