Earnings Poll: Komercni Banka likely to report 25% Q4 net profit drop

Komercni Banka as

06/02/2024 14:30

* 
      Q4 results due on Feb 8 before market open
    

  
       PRAGUE, Feb 6 (Reuters) - Komercni Banka  BKOM.PR  is
likely to report a 25% year-on-year drop in fourth-quarter net
profit as provisioning costs rise and net interest income drops,
a Reuters poll showed on Tuesday.    
    Attributable profit at the Czech Republic's third largest
bank, part of France's Societe Generale  SOGN.PA , was seen at
3.49 billion crowns  ($150.22 million), according to the average
estimate of eight analysts.
    The following is a summary of estimates, figures in billions
of crowns:        
 Q4/2023          Average   Median          Range        Q4/2022
 Net interest      6.40      6.33         6.15-6.77       7.13
 income                                                  
 Net fees          1.70      1.70         1.63-1.76       1.67
 Net banking       9.15      9.15         8.89-9.43       9.63
 income                                                  
 Cost of risk     (0.663)   (0.663)    (0.842)-(0.348)    0.050
 Net profit        3.49      3.44         3.10-3.91       4.63
 after minor.                                            
  
   The following banks and brokerages took part in the poll:
Erste Group Bank/Ceska Sporitelna, Fio Banka, Ipopema
Securities, J&T Banka, mBank, Patria Finance, PKO Bank Polski,
Wood & Company.
    
($1 = 23.2320 Czech crowns)

 (Reporting by Jason Hovet)
 ((jason.hovet@thomsonreuters.com))