Komercní banka (KOMB) investor relations material

Executive summary

• Achieved dynamic growth in business activity and operational efficiency, with strong loan and deposit growth across retail and corporate segments.

• Customer base expanded by 72,000 year-on-year, with significant digital adoption via the KB+ app.

• Received international recognition for digital banking innovation and core system modernization, including the Celent Model Bank 2026 Award.

• Net income reached CZK 8.5 billion for 1H 2026, with CZK 4.5 billion in 2Q 2026, reflecting excellent asset quality.

• Gross loans increased by 10.0% and deposits by 10.2% year-over-year, supported by strong client activity and digital sales.

Financial highlights

• Total revenues for H1 2026 rose 1.8% year-on-year to CZK 18.5 billion; Q2 revenues up 3.6% year-on-year.

• Net profit attributable to equity holders was CZK 8.5 billion, down 3.7% year-on-year due to lower credit provision releases.

• Operating expenses decreased by 2.6% to CZK 8.5 billion, with personnel expenses down 7.5%.

• Net interest income increased 1.1% to CZK 12.95 billion; net interest margin declined to 1.6% from 1.7%.

• Operating profit improved by 5.8% year-on-year, reaching CZK 9.998 billion.

Outlook and guidance

• Czech economy expected to grow at 2.1% in 2026, with robust household demand and investment.

• Loans and deposits expected to grow at high- and mid-single-digit rates, with revenues projected to see high-single-digit growth.

• Cost/income ratio targeted at 44–45%, and ROE expected at 13–14%.

• Cost discipline to keep operating expenses stable; personnel costs to decline slightly.

• Dividend payout ratio intended at 80% of attributable consolidated net profit.