Komercní banka : KB Group 1Q 2023 Financial Results Presentation
May 12, 2023 at 01:13 am EDT
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PRAGUE, 12 MAY 2023
Komerční banka Group
Consolidated unaudited results as of 31 March 2023
DISCLAIMER
Disclaimer
This document contains a number of forward-looking statements relating to the targets and strategies of the Komerční banka Group. These statements are based on a series of assumptions, both general and specific. As a result, there is a risk that these projections will not be met. Readers are therefore advised not to rely on these figures more than is justified as the Group's future results are liable to be affected by a number of factors and may therefore differ from current estimates.
Readers are advised to take into account factors of uncertainty and risk when basing their investment decisions on information provided in this document.
Results and ratios in this presentation are as of 31 March 2023, unless stated otherwise.
Komerční banka, a.s., public limited company with registered office: Prague 1, Na Příkopě 33/ 969; identification number: 45 31 70 54; registered in the Commercial Register maintained by the Municipal Court in Prague, Section B, file 1360
KB Group results as of 31 March 2023
12 May 2023
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Highlights as of 31 March 2023
Macroeconomic environment
Business performance
Financial performance
Asset quality & cost of risk
Outlook for 2023
Appendix
Shareholders' decisions
Dividend
CZK 60.42 per share
Record date 2 May 2023 Payment date 22 May '23
Supervisory Board:
Newly elected members Petra Wendelová Marie Doucet
HIGHLIGHTS OF FIRST QUARTER 2023
Solid results amid slow economy; entering KB's new era of banking
Group net income
First quarter 2023
CZK 3.6 billion
+1.4% year on year CZK 18.94 per share
ROE
11.6% (+0.4 pp YoY)
13.8% (+0.2 pp YoY) IFRIC linearised
Cost/Income ratio
55.9%
46.1% IFRIC linearised
Solid business performance
Client loans
+5.1% YoY
growth recorded in retail as well as corporate segments
Deposits
Other AUM
-3.5%YoY
+9.8% YoY
amid stiff competition and shift to wealth management solutions
Loan to deposit ratio
80.5%
Strong balance sheet
Liquidity coverage ratio
162%
Total capital ratio
19.8%
Core Tier I ratio
19.2%
Cost of risk
Net release -21bps
KB Group results as of 31 March 2023
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Delivering on KB2025 strategic initiatives
HIGHLIGHTS OF FIRST QUARTER 2023
Introduction of New Era of Banking written by KB to the
market
Beginning of migration of clients to the new banking infrastructure
#2022 VISA Awards
KB #1 Sustainable bank
Rooftop photovoltaics at HQ Sustainable e-shop project
Deposit clients referral agreement
KB signed referral agreement with BNP Paribas Personal Finance SA on re- contracting of selected Czech deposit customers of Hello bank!
KB Group results as of 31 March 2023
12 May 2023
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Komercní banka a.s. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 05:12:14 UTC.
Komercni Banka a.s. is one of the largest Czech banking groups. Net interest income breaks down by activity as follows:
- retail bank (59.1%): sale of classic and specialized banking products and services (leasing, consumer loan, retirement funds management, insurance, etc.);
- business bank (33.1%);
- investment and market bank (5%): investment funds management, financial intermediation, etc.;
- other (2.8%).
At the end of 2021, the group had CZK 948.6 billion in current deposits and CZK 738.9 billion in current loans.
Products and services are ensured through a network of 242 branches located in Czech Republic.