TNBiz (TNBiz)
Markets  |  October 30, 2012 08:50:05

Czech Savings Bank increased its profit by 23.4% to 11.79 billion

PRAGUE (MEDIAFAX) - One of the largest Czech banks - Czech Savings Bank has increased in the first three quarters of this year, year consolidated net profit (IFRS) by 23.4 percent to 11.79 billion crowns. Operating profit rose by 1.1 percent to 19.49 billion crowns.

"Excellent outcome Czech Savings Bank well reflects the situation in the Czech economy. Corporate sector as a whole is healthy and very competitive, I am pleased that we are able strongly support him in his investment plans, finance and business operations and help our clients to successfully expand abroad," commented Paul Kysilka, Chairman and Managing Director of the Czech Savings Bank.

He admits, however, that still know the downturn in consumer demand households."She's given psychological factors, actual financial and economic situation is much better than would correspond to their current mood," he added Kysilka.

Client loans rose by 3.5 percent to 488.17 billion crowns. Mortgage lending in the Czech Savings Bank rose 9.3 percent to 135.54 billion crowns. Loans to corporations and big cities also increased by 10.8 percent to 185.71 billion crowns. Due to customers (deposits) fell by 0.7 percent to 696.36 billion crowns from 700.99 billion crowns.

Jitka Zadražilová,

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Česká spořitelna zvýšila zisk o 23,4% na 11,79 mld.Kč

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