The four largest banks in the Czech Republic produced CZK 41.2 billion this year, up 700 million yoy. This is the result of bank results. Significant increases from Czech banks were significantly affected by one-time factors last year, including the termination of foreign exchange intervention by the Czech National Bank.
"If we compare the evolution of earnings in the third quarter of 2018 with the same period in 2017, taking into account extraordinary income and costs, profit grows slightly, which has a positive effect on increasing central bank interest rates during this period, which causes an increase in the difference between interest rates deposits and This is reflected, for example, in an increase in higher interest rates for mortgages than an increase in interest rates on time deposits, "řtyř Honza Jiří Pospíšil analysts told ČTK.
The reason for the decline in bank profits was mainly in the growth of competition, added analyst at Capitalinked.com Radim Dohnal. UniCredit Bank's exception, he said, is a good risk management model, so banks have better prices than others. In the future, he said, bank profits will grow, thanks to the increase in crown rates. That means higher interest margins, he said.
Results from the largest bank in the Czech Republic:
|Net profit for Q3 2018||Net profit for Q3 2017||Net profit for Q3 2016||Net profit for Q3 2015|
|ČSOB||11.5 billion||13.5 billion||12 billion||11 billion|
|Česká spořitelna||11.8 billion||11.7 billion||11.9 billion||11.1 billion|
|Komerční banka||11 billion||11.2 billion||10.6 billion||9.9 billion|
|UniCredit Bank ČR and SR||6.9 billion||5.5 billion||4.9 billion||4.6 billion|
Česká spořitelna's net profit for the three quarters of this year was CZK 11.8 billion. Year by year, it has risen by around CZK 140 million. Komerční banka in this period reduced its net profit by 2.4% year-on-year to CZK 11 billion. Excluding one-time items, including making restructuring reserves this year or headquarters building last year, up 6.1 percent.
ForSOB's net profit for three quarters fell 15 percent year-on-year to CZK 11.5 billion. The reason is last year's extraordinary income and investment growth. Czech and Slovak UniCredit Bank posted a net profit of EUR 267 million (CZK 6.9 billion), a year-on-year increase of 23 percent.