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Komercni Banka (KMCA)

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Friday 03 August, 2007

Komercni Banka

Interim Results

Komercni Banka
03 August 2007

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 Prague Stock Exchange Rules part III subsection 8(7)(b) and Act 256/
2004 (Czech) Coll. subsections 120(1)(e) and 120(4) Komercni banka, a.s.
discloses finanacial results as at 30 June 2007:

Consolidated Balance Sheet of Komercni banka, a.s. according to International
Financial Reporting Standards

(in CZK mil.)

Assets                                                                                30 June 2007         30 June 2006
Cash and currents balances with national banks                                              12 108               11 694
Amounts due from banks                                                                     227 200              215 494
Financial assets at fair value through profit or loss                                       18 955               10 707
Positive fair value of financial derivative transactions                                     8 315                8 730
Loans and advances to customers, net                                                       274 574              209 394
Securities available for sale                                                               75 483               36 857
Investments held to maturity                                                                 3 360                3 361
Prepayments, accrued income and other assets                                                 3 050                3 867
Income taxes receivable                                                                        109                  741
Deferred tax asset                                                                           1 054                  167
Assets held for sale                                                                           604                  772
Investment property                                                                            219                  231
Goodwill                                                                                     3 551                  163
Intangible fixed assets, net                                                                 2 650                2 190
Tangible fixed assets, net                                                                   7 667                7 348
Investments in associates and subsidiaries                                                       0                    0
Investments in associates and unconsolidated subsidiaries                                      448                1 116
Total assets                                                                               639 347              512 832

Liabilities                                                                           30 June 2007         30 June 2006
Amounts due to banks                                                                        24 708               23 914
Amounts due to customers                                                                   507 414              396 992
of which: Amounts due to customers of PF KB                                                 21 123               17 286
Negative fair value of financial derivative transactions                                     8 610                5 433
Securities issued                                                                           26 077               21 902
Accruals and other liabilities                                                              19 732               19 132
Provisions                                                                                   2 303                2 291
Income taxes payable                                                                            11                    0
Deferred tax liability                                                                           3                    0
Subordinated debt                                                                            6 002                    0
Total liabilities                                                                          594 860              469 664
Shareholders' equity
Share capital                                                                               19 005               19 005
Share premium and reserves                                                                  24 891               24 152
Minority interest                                                                              591                   11
Total shareholders' equity                                                                  44 487               43 168
Total liabilities and shareholders' equity                                                 639 347              512 832



Consolidated Profit and Loss Statement of Komercni banka, a.s. according to
International Financial Reporting Standards

(in CZK mil.)

Profit and Loss Account                                                                    30 June 2007    30 June 2006
Interest income                                                                                  15 695          12 100
Interest expense                                                                                 -6 773          -4 246
Net interest income                                                                               8 922           7 854
Net fees and commissions                                                                          4 561           4 321
Net profit / (loss) on financial operations                                                         854             732
Dividends and other income                                                                           70              37
Net banking income                                                                               14 407          12 944
Personnel expenses                                                                               -2 944          -2 466
General administrative expenses                                                                  -2 877          -2 607
Depreciation, impairment and disposal of fixed assets                                              -739            -794
Total operating expenses                                                                         -6 560          -5 867
Profit / (loss) attributable to exclusion of subsidiaries from consolidation                          0               0
Income from sale and share of associated undertakings                                                29             136
Net operating income                                                                              7 876           7 213
Provision for loan losses                                                                          -791            -617
Provision for losses on securities                                                                    0               0
Provision for other risks expenses                                                                  -25            -228
Cost of risk                                                                                       -816            -845
Net profit / (loss) from subsidiaries and associates                                                  0               0
Share of profit of pension scheme beneficiaries                                                    -288            -193
Profit/(loss) before income taxes                                                                 6 772           6 175
Income taxes                                                                                     -1 483          -1 360
Profit/(loss) for the period before minority interest                                             5 289           4 815
Profit attributable to the Bank's equity holders                                                  5 278           4 828
Minority profit / (loss)                                                                             11             -13



Presentation of 2Q 2007 results is available at the Web site of Komercni banka,
a.s.: http://www.kb.cz/en/com/investor/financial_results.shtml .




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