Earnings Poll: Komercni Banka Q3 net profit likely down 11% y/y

Komercni Banka as

01/11/2023 15:04

* 
      Q3 results due on Nov 3 before market open
    

  
       PRAGUE, Nov 1 (Reuters) - Komercni Banka  BKOM.PR  is
likely to report an 11% year-on-year drop in third-quarter net
profit as falling net interest income and rising costs weigh, a
Reuters poll showed on Wednesday.    
    Attributable profit at the Czech Republic's third largest
bank, part of France's Societe Generale  SOGN.PA , was seen at
4.08 billion crowns  ($174.49 million), according to the average
estimate of eight analysts.
    The following is a summary of estimates, figures in billions
of crowns:        
 Q3/2023          Average   Median          Range        Q3/2022
 Net interest      6.61      6.56         6.50-7.02       7.34
 income                                                  
 Net fees          1.55      1.55         1.52-1.59       1.48
 Net banking       9.20      9.13         8.98-9.56       9.84
 income                                                  
 Cost of risk     (0.243)   (0.200)    (0.563)-(0.106)   (0.669)
 Net profit        4.08      4.08         3.88-4.50       4.60
 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, PKO Bank Polski, Raiffeisen
Research, Wood & Company.
        
  
($1 = 23.3830 Czech crowns)

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