Komercni banka's net profit falls by 2.9 pct yr/yr to Kc8.1bn in H1

Komercni banka's net profit falls by 2.9 pct yr/yr to Kc8.1bn in H1

Prague, Aug 3 (CTK) - Komercni banka saw its net profit fall by 2.9 percent yr/yr to Kc8.1bn in the first half of this year, while its total revenues declined by 5.6 percent to Kc18.1bn, according to the bank's unaudited consolidated results released on its website today.

Net interest income fell mainly due to an increase in average deposit costs, while net fee and commission income rose slightly thanks to higher customer transactions and increased customer investments in mutual funds, the bank said.

"The results from the first half demonstrated several positive trends in terms of business volumes and non-interest revenues. The excellent quality of the loan portfolio even allowed for a release of provisions, which of course we must look upon as an exceptional situation," said Komercni banka CEO Jan Juchelka.

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