Česká spořitelna reported a consolidated net profit of CZK 8.2bn in the first six months of 2016, up 12.5 percent from the previous year. Volume of gross loans increased by 7.7 percent, or CZK 40.5bn, over the last 12 months, while total assets exceeded CZK 1 trillion for the first time ever.
“We are very satisfied with our financial as well as business results. We are extremely pleased by the growth of loans in all key segments, which shows that the Czech economy is in good shape and households and corporations trust in its good performance,” said Tomáš Salomon, chairman of the bank’s board of directors. “The main drivers of this growth were above all new mortgages in a volume exceeding CZK 25bn, the highest first half-year ever. The good result was also aided by the excellent quality of the loan portfolio, which required a lower year-on-year creation of provisions.”
