Komercní banka (KOMB) Q4 2025 earnings summary

Executive summary

• Achieved strong digital transformation, migrating most clients to the new KB+ platform and streamlining operations, resulting in improved client satisfaction and a 20% workforce reduction since 2019.

• Net profit for 2025 reached CZK 18.1 billion, up 4.7% year-over-year (22.3% excluding prior year one-off gain).

• Customer base exceeded 2.2 million, with 135,000 new clients in 2025 and 1.6 million active users on the new platform.

• Recognized for digital leadership, ESG performance, and high customer satisfaction, with NPS in retail exceeding pre-transformation levels.

• Board proposes 100% payout of 2025 net profit as dividend (CZK 95.6 per share).

Financial highlights

• Net profit: CZK 18.1 billion, up 4.7% year-over-year; 22% growth excluding 2024's one-off gain.

• Net interest income grew 2.2% to CZK 25.8 billion; net banking income up 0.2% to CZK 36.9 billion.

• Cost-to-income ratio improved to 46.1%, down from 48.2% in 2024.

• Operating expenses decreased by 4.2% year-over-year, mainly from lower personnel and administrative costs.

• Balance sheet grew 4.1% to CZK 1.6 trillion; loans up 6.1%, deposits up 4%.

Outlook and guidance

• 2026 loan and deposit growth targeted at mid- to high-single digits in both retail and corporate segments.

• Net banking income and operating income expected to grow mid- to high-single digits; cost-to-income ratio to improve to 43–44%.

• Return on equity guided at 13–14% for 2026.

• Dividend payout ratio to be reduced to 80% for 2026, after three years at 100%.

• 2026 Czech GDP expected to grow 2.7%, with inflation at 1.6% and repo rate at 3.5%.