Net profit of Czech banks falls by Kc2.9bn to Kc61.4bn in 2013

published:

updated:
31.03.2014 16:27

Prague - Net profit of Czech banks decreased by Kc2.9bn from 2012 to Kc61.4bn and total assets of the sector were Kc510bn higher at Kc5,143bn at the end of last year, the Czech National Bank (CNB) said today.

foto

Peníze, měna, bankovky, česká koruna - ilustrační foto. CTK Štěrba Martin, Fotobanka ČTK

Most large Czech banks recorded a drop in profits in 2013.

Ceska sporitelna saw 2013 net earnings drop 6.2 percent to Kc15.6bn, net profit of CSOB was 11 percent lower at Kc13.7bn, Raiffeisenbank posted an annual fall 54 percent in net earnings to Kc914m, and Komercni banka registered a decline of 12.5 percent to Kc12.5bn. Only UniCredit Bank´s net profit remained unchanged at 2012´s Kc3.2bn.

Banks´ income from financial and operational activities increased by Kc1bn to Kc168.1bn.

Interest income posted a drop of Kc15.5bn to Kc154.9bn.

Fee and commission income fell by Kc600m from 2012 to Kc49.8bn.

Capital adequacy of the banking sector rose to 17.22 percent from 16.42 percent in December 2012.

Staff numbers totalled 40,322, an annual rise of 14 employees.

The Czech financial market registered 44 banks and branches of foreign banks and building societies.

Net profit of Czech banking sector (Kc mil.):

  2009 2010 2011 2012 2013
after-tax profit 59,740 55,656 53,337 64,307 61,397

Source: CNB

Net fee income of banks in CR down Kc240m at Kc37bn in 2013

Net income from fees of domestic banks fell by Kc240m to Kc37.04bn last year and were the lowest since 2009 but still over Kc4bn higher than in 2006, Patrik Nacher, the operator of server bankovnipoplatky.com, commented on today´s data from Czech National Bank (CNB) statistics.

Banks collected Kc49.85bn in gross fees and commissions last year, Kc700m more than in 2012, but costs of fee collection increased from Kc11.9bn to Kc12.8bn. Net fee income thus dropped moderately for the second time in a row.

According to a bank fee calculator on bankovnipoplatky.com that Nacher updated today on the basis of last year´s figures, banks collect over Kc712m a week in fees. This makes Kc3.09bn a month and Kc1,174 per second.

Banks still face the demands of over 300,000 clients for the return of fees for the management of mortgage or consumer loan accounts.

Banks have won most of these disputes at courts thus far but many of them have abolished the fees. Banks argue that fees do not run counter the valid legislation and clients know about them always in advance.

Fee and commission income (Kc bn):

2006 2007 2008 2009 2010 2011 2012 2013
32.918 35.841 36.121 36.442 38.493 39.058 37.275 37.035

Source: CNB, bankovnipoplatky.com

Written by:
www.ctk.cz

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