February 12, 2014 / 7:26 AM / 4 years ago

Komercni Banka proposes flat dividend, Q4 net profit in line

PRAGUE, Feb 12 (Reuters) - Czech lender Komercni Banka proposed paying a 230 crown per share dividend from 2013 profit, level with the previous year, after reporting a dip in fourth-quarter net profit on Wednesday.

Attributable net profit at the bank, 60.4 percent owned by France's Societe Generale, fell 2.1 percent to 2.97 billion crowns ($147.81 million) in the fourth quarter, in line with the average estimate of 2.96 billion in a Reuters poll.

Gross loans increased by 4.8 percent year-on-year, driven by mortgage loans and large corporate lending.

Net banking income in the fourth quarter fell to 7.61 billion crowns, down 4.3 percent year-on-year and just below expectations.

$1 = 20.0939 Czech crowns Reporting by Jason Hovet; Editing by Mark Potter

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below