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Komercni Banka (KMCA)

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Monday 31 October, 2005

Komercni Banka

3rd Quarter Results

Komercni Banka
31 October 2005

Komercni banka, a.s. http://www.kb.cz/en
Prague 1, Na Prikope 33, building identification number 969, Post Code 114 07
Identification No.: 45 31 70 54
incorporated in the Commercial Register maintained with the Municipal Court in
Prague,
section B, insert 1360



Pursuant to Act 256/2004 (Czech) Coll. subsection 16(2)(a) and Rules of Prague
Stock Exchange part III subsection 8(8)(b) Komercni banka, a.s. discloses
unaudited financial results as at 30th September 2005 (3Q 2005):

Presentation of 3Q 2005 results will be made publicly available from 10:00 am
Prague time (9:00 am UTC/GMT (Univerzal Time Coordinated/Greenwich Mean Time))
31 October 2005 at the Web site of Komercni banka, a.s.: http://www.kb.cz/en



International Financial Reporting Standards

(in CZK mil.)
                                                                           30 September 2005       30 September 2004
                                                                              (Unaudited)             (Unaudited)
Assets
Cash and current balances with banks                                                     12,955                  18,673
Amounts due from banks                                                                  229,564                 216,048
Trading securities                                                                       10,078                  10,968
Positive fair value of financial derivative transactions                                 14,046                   6,845
Due from Eeska konsolidaeni agentura                                                        212                   4,276
Loans and advances to customers, net                                                    179,044                 141,807
Securities available for sale                                                             9,087                  14,654
Investments held to maturity                                                              3,446                   2,279
Prepayments, accrued income and other assets                                              2,919                   3,588
Deferred tax asset                                                                          388                     512
Investments in subsidiaries and associates                                                1,516                   1,639
Assets held for sale                                                                         28                       0
Tangible and intangible fixed assets, net                                                10,854                  11,520
Total assets                                                                            474,137                 432,809
Liabilities
Amounts owed to banks                                                                    23,747                  16,605
Amounts owed to customers                                                               363,573                 350,569
Negative fair value of financial derivative transactions                                  5,332                   3,460
Certificated debt                                                                        13,989                   8,292
Accruals, provisions and other liabilities                                               16,735                  16,330
Income taxes payable                                                                          0                       0
Deferred tax liability                                                                    1,885                     202
Total liabilities                                                                       425,261                 395,458
Shareholders' equity
Share capital                                                                            19,005                  19,005
Share premium and reserves                                                               29,871                  18,346
Total shareholders' equity                                                               48,876                  37,351
Total liabilities and shareholders' equity                                              474,137                 432,809


                                                                               30 September 2005    30 September 2004
                                                                                  (Unaudited)          (Unaudited)
Profit and Loss Account
Interest income                                                                             14,756               14,443
Interest expense                                                                           (4,696)              (5,382)
Net interest income                                                                         10,060                9,061
Net fees and commissions                                                                     6,463                6,379
Net profit / (loss) on financial operations                                                    608                  951
Dividends and other income                                                                     245                  410
Net banking income                                                                          17,376               16,801
Personnel expenses                                                                         (3,534)              (3,652)
General administrative expenses                                                            (3,794)              (3,778)
Depreciation, impairment and disposal of fixed assets                                      (1,256)              (1,213)
Total operating expenses                                                                   (8,584)              (8,643)
Profit before provisions for loan and investment losses and income taxes                     8,792                8,158
Provision for loan losses                                                                    (439)                (669)
Provision for impairment of securities                                                       (196)                (111)
Provision for other risk expenses                                                             (82)                (120)
Cost of risk                                                                                 (717)                (900)
Profit or (loss) on subsidiaries and associates                                                341                  753
Profit / (loss) before income taxes                                                          8,416                8,011
Income taxes                                                                               (2,103)              (2,388)
Net profit / (loss)                                                                          6,313                5,623


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