Earnings Poll: Komercni Banka Q2 net profit seen down almost 20%, banking income steady

Komercni Banka as

30/07/2024 14:30

* 
      Q2 results due on Aug 1 before market open
    

  
       PRAGUE, July 30 (Reuters) - Komercni Banka  BKOM.PR  is
expected to post a 19.5% fall in second-quarter net profit,
largely due to base effects after a release of loan provisions
in the same period a year ago is unlikely to be repeated, a
Reuters poll showed on Tuesday.    
    Attributable profit at the Czech Republic's third largest
bank, majority-owned by France's Societe Generale  SOGN.PA , was
seen a 3.64 billion crowns  ($154.93 million), according to the
average estimate of six analysts.
    Net banking income likely fell around 1%, according to the
poll.
    The following is a summary of estimates, figures in billions
of crowns:        
 Q2/2024          Average   Median          Range        Q2/2023
 Net interest      6.38      6.37         6.21-6.59       6.46
 income                                                  
 Net fees          1.63      1.62         1.61-1.65       1.53
 Net banking       9.02      9.04         8.80-9.16       9.14
 income                                                  
 Cost of risk     (0.274)   (0.310)    (0.350)-(0.162)    0.467
 Net profit        3.64      3.62         3.55-3.79       4.53
 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
($1 = 23.4950 Czech crowns)

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