Earnings Poll: Komercni Banka Q3 profit expected to jump after building sale gain

Komercni Banka as

30/10/2024 13:25

* 
      Q3 results due on Oct 31 before market open
    

  
       PRAGUE, Oct 30 (Reuters) - Komercni Banka  BKOM.PR  is
expected to post a 47% rise in third-quarter net profit, boosted
by a one-off gain from the sale of one of its buildings worth up
to 2.5 billion crowns  ($106.56 million), a Reuters poll showed
on Wednesday.    
    Attributable profit at the Czech Republic's third largest
bank, majority-owned by France's Societe Generale  SOGN.PA , was
seen at 6.29 billion crowns, according to the average estimate
of six analysts.
    The following is a summary of estimates, figures in billions
of crowns:        
 Q3/2024          Average   Median          Range        Q3/2023
 Net interest      6.45      6.50         6.26-6.57       6.51
 income                                                  
 Net fees          1.66      1.68         1.60-1.69       1.55
 Net banking       9.13      9.17         8.98-9.26       8.90
 income                                                  
 Cost of risk     (0.146)   (0.144)    (0.268)-(0.050)    0.138
 Net profit        6.29      6.33         6.08-6.42       4.27
 after minor.                                            
  NOTE: Five analysts provided net banking income estimates.
   The following banks and brokerages took part in the poll:
Erste Group Bank/Ceska Sporitelna, J&T Banka, mBank, Patria
Finance, PKO Bank Polski, Santander



($1 = 23.4600 Czech crowns)

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