PRAGUE Aug 1 Komercni Banka, the
Czech Republic's third biggest bank by assets, posted a surprise
4.5 percent year-on-year rise in second-quarter net profit,
lifted by lower than expected provisions for loan losses.
Attributable net profit reached 3.31 billion crowns ($160.31
million), above the average estimate of 3.01 billion in a
The lender, which is 60.4 percent owned by France's Societe
Generale, has seen a slower than expected pick-up in
loan growth this year and is also facing pressure from official
rates that have been near zero since the end of 2012.
($1 = 20.6470 Czech Crowns)
(Reporting by Jason Hovet, editing by William Hardy)