Earnings Poll: Komercni Banka Q1 profit likely lower on provisions

Komercni Banka as

30/04/2024 15:09

* 
      Q1 results due on May 3 before market open
    

  
       PRAGUE, April 30 (Reuters) - Komercni Banka  BKOM.PR  is
likely to post an 11% year-on-year drop in net profit in the
first quarter due to loan loss provisioning and as banking
income is slow to pick up, 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
3.17 billion crowns  ($134.91 million), according to the average
estimate of nine analysts.
    The following is a summary of estimates, figures in billions
of crowns:        
 Q1/2024          Average   Median          Range        Q1/2023
 Net interest      6.28      6.28         6.19-6.43       6.35
 income                                                  
 Net fees          1.65      1.63         1.55-1.87       1.52
 Net banking       8.92      8.88         8.70-9.18       8.96
 income                                                  
 Cost of risk     (0.177)   (0.207)     (0.272)-0.000     0.432
 Net profit        3.17      3.20         3.01-3.29       3.56
 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,
Santander, Wood & Company.


($1 = 23.4970 Czech crowns)

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