Logo Česká spořitelna
Prague – Česká spořitelna will publish its economic results for the first quarter of this year today. Spóritelna's unaudited consolidated net profit rose by 42.2 percent year-on-year to 20.2 billion crowns.
Of the other large banks, only Moneta Money Bank announced profits this year, which rose by six percent year-on-year to 1.2 billion crowns in the first quarter. The largest banking houses, including Česká spořitelna, will pay tax on extraordinary profits in the Czech Republic starting this year. The so-called windfall tax was approved by the government as a 60 percent tax surcharge on excess profits. This corresponds to the difference between the tax base and the average cost of the tax base for the last four years, increased by 20 percent.
Česká spořitelna is the largest bank in the Czech Republic by the number of clients, of which it had 4.5 million last year. The Austrian financial group Erste Group Bank, which owns Česká spořitelna, is the main company in the banking market of Central and Eastern Europe.