The four largest banks in the Czech Republic earned CZK 21.7 billion in the first half of this year, an increase of 45 percent over the same period last year. This follows from the current results of banks. According to experts, lower risk costs mainly helped banks to perform better.
“Last year, in connection with the brutal economic downturn, financial houses started to create massive reserves, which transcended into weaker profits. Cyrrus analyst Tomáš Pfeiler. At the same time, however, the demand for new loans, especially mortgages, grew at a relatively fast pace. Financial institutions have also shown good cost discipline, he added.
Komerční banka’s net profit increased by 17.4 percent year-on-year to CZK 5.258 billion in the first half of the year, by the ČSOB Group by 91 percent to CZK 6.6 billion, Česká spořitelna’s net profit rose by 43.4 percent to CZK 6.6 billion and UniCredit Bank in the Czech Republic and Slovakia by 33 percent to CZK 3.2 billion.
Results of the largest banks in the Czech Republic in billions of crowns:
Results of the largest banks in the Czech Republic in billions of crowns:
| Net profit first half of 2021 | Net profit first half of 2020 | Net profit first half of 2019 | Net profit first half of 2018 | Net profit first half of 2017 | Net profit first half of 2016 | |
| ČSOB | 6.6 | 3.5 | 10.9 | 7.5 | 9.4 | 8.3 |
| Česká spořitelna | 6.6 | 4.6 | 8.7 | 7.9 | 7.7 | 8.2 |
| Commercial Bank | 5.3 | 4.4 | 7.2 | 6.9 | 7.7 | 6.7 |
| UniCredit Bank CR and SR | 3.2 | 2.5 | 4.9 | 4.3 | 4.1 | 3.5 |