Brief: Komercni Banka Lifts Dividend, Q4 Net Profit Below Estimates

Komercni Banka as

08/02/2024 06:06

Feb 8 (Reuters) - Komercni Banka as  BKOM.PR :
    * KOMERCNI BANKA PROPOSES DIVIDEND CZK 82.66 PER SHARE
    * KOMERCNI BANKA 2023 NET PROFIT CZK 15.6 BILLION
    * KOMERCNI BANKA Q4 NET PROFIT CZK 3.26 BILLION VERSUS CZK
3.49
BILLION EXPECTED IN REUTERS POLL
    * KOMERCNI BANKA Q4 NET BANKING INCOME CZK 9.20 BILLION
VERSUS CZK
9.15 BILLION EXPECTED IN REUTERS POLL
    * KOMERCNI BANKA Q4 NET INTEREST INCOME CZK 6.28 BILLION
VERSUS
CZK 6.40 BILLION EXPECTED IN REUTERS POLL
    * KOMERCNI BANKA Q4 COST OF RISK CZK -1,051 MILLION VERSUS
CZK
-663 MILLION EXPECTED IN REUTERS POLL
    * KOMERCNI BANKA: GROUP’S LENDING SHOULD GROW AT
MID-SINGLE-DIGIT
RATE IN 2024
    * KOMERCNI BANKA: HOUSING LOANS SHOULD ACCELERATE TO
UPPER-MID-SINGLE-DIGITS SUPPORTED BY LOWER INTEREST RATES
    * KOMERCNI BANKA: TOTAL DEPOSITS EXPECTED TO EXPAND AT
MID-SINGLE-DIGIT PACE IN 2024
    * KOMERCNI BANKA:REVENUES SHOULD IMPROVE AT A LOW- TO
MID-SINGLE-DIGIT RATE COMPARED TO 2023 LEVEL, WITH POSITIVE
CONTRIBUTION FROM NII, NFC AS WELL AS NPFO
    * KOMERCNI BANKA:  COST OF RISK FOR THE FULL YEAR 2024
EXPECTED TO
REMAIN BELOW THE EXPECTED 20-30 BPS THROUGH-THE-CYCLE RANGE
    * KOMERCNI BANKA: DIVIDEND PROPOSAL REPRESENTS A 100% SHARE
ON THE
2023 NET PROFIT
    * KOMERCNI BANKA:  PROPOSAL IS IN LINE WITH THE LONG-TERM
CAPITAL
MANAGEMENT PLAN
    * KOMERCNI BANKA: FOR THE YEAR 2024, THE BOARD OF DIRECTORS
SETS
THE DIVIDEND POLICY (FORESEEABLE DIVIDEND) AT 100% OF
ATTRIBUTABLE NET PROFIT GENERATED IN THIS YEAR

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

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