Brief: Komercni Banka 2024 net profit up 10.4%, dividend rises

Komercni Banka as

06/02/2025 06:08

Feb 6 (Reuters) - Komercni Banka as  BKOM.PR :
    * KOMERCNI BANKA: 2024 NET PROFIT CZK 17.2 BILLION
    * KOMERCNI BANKA: PROPOSES DIVIDEND CZK 91.30 PER SHARE
(PREVIOUS
CZK 82.66/SHARE)
    * KOMERCNI BANKA: Q4 NET PROFIT CZK 4.71 BILLION VERSUS CZK
3.85
BILLION EXPECTED IN REUTERS POLL
    * KOMERCNI BANKA: Q4 NET INTEREST INCOME CZK 6.59 BILLION
VERSUS
CZK 6.48 BILLION EXPECTED IN REUTERS POLL
    * KOMERCNI BANKA: Q4 NET BANKING INCOME CZK 10.06 BILLION
VERSUS
CZK 9.47 BILLION EXPECTED IN REUTERS POLL
    * KOMERCNI BANKA: Q4 COST OF RISK CZK -40 MILLION VERSUS CZK
-171
MILLION EXPECTED IN REUTERS POLL
    * KOMERCNI BANKA: EXPECTS LOAN PORTFOLIO WILL RECORD A
MID-SINGLE-DIGIT GROWTH RATE FOR 2025
    * KOMERCNI BANKA: TOTAL DEPOSIT BALANCES ARE EXPECTED TO
EXPAND AT
A MID-SINGLE-DIGIT PACE IN 2025, SIMILAR TO THAT OF TOTAL
LENDING
    * KOMERCNI BANKA: TOTAL NET OPERATING INCOME (REVENUES) IS
EXPECTED TO GROW AT A HIGH-SINGLE-DIGIT RATE IN 2025
    * KOMERCNI BANKA: NET INTEREST INCOME IS LIKELY TO GROW AT A
HIGH-SINGLE-DIGIT RATE IN 2025
    * KOMERCNI BANKA: OPEX WILL DECLINE AT A LOW-SINGLE-DIGIT
RATE FOR
THE FULL YEAR 2025
    * KOMERCNI BANKA: COST OF RISK IN 2025 IS EXPECTED TO REMAIN
SIGNIFICANTLY BELOW THE 20-30 BPS THROUGH-THE-CYCLE RANGE
    * KOMERCNI BANKA: TARGETS ROE TO COME IN AROUND 13–14% FOR
2025
    * KOMERCNI BANKA: MANAGEMENT INTENDS FOR 2025 TO PROPOSE
DISTRIBUTING AS DIVIDENDS 100% OF ATTRIBUTABLE CONSOLIDATED NET
PROFIT EARNED IN THE YEAR

Source text:  ID: 
Further company coverage:  BKOM.PR 

 (Reporting By Jason Hovet)
 ((jason.hovet@thomsonreuters.com;))