ČSOB. Illustrative photo.
Prague – Last year, the net profit of the ČSOB group increased by nine percent to 17.5 billion crowns. The volume of assets under its management rose by seven percent to 308 billion crowns. The number of clients increased by 115,000 to 4.34 million. ČSOB, which is one of the largest domestic banks, announced this to ČTK today.
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ČSOB Group CEO Aleš Blažek said that last year's results surpassed those of 2021 and 2020 and fell short of 2019 only because the acquisition of Českomoravská stavební spořitelna affected the then result. “Last year's good result is due to a strong trio – growth in deposits, loans and investments. We also maintained capital and liquidity at an excellent level,” he said.
The bank recorded an increase in the total volume of loans by five percent to 874 billion crowns. At the same time, the deteriorated economic conditions were not fundamentally reflected in the morale of the debtors. “I have to appreciate that, even in this difficult economic situation, our clients behaved very responsibly and we thus did not experience major problems in repaying obligations,” said Blažek. The volume of deposits increased by seven percent to 1.232 billion crowns.
Housing loans increased by four percent to 507 billion crowns, the bank helped finance the housing of 24,500 clients. ČSOB also offers preferential terms for mortgages for energy-saving housing, last year it provided 2,131 mortgages for roughly nine billion crowns. The number of loans for financing house insulation or photovoltaics increased by 650 percent.
The group's operating revenues increased by 24 percent to 44.1 billion crowns. Operating costs excluding bank taxes increased by 11 percent to 20.5 billion crowns.
ČSOB Group includes ČSOB, Hypoteční banka, ČSOB stavební spořitelna, ČSOB Penzijní společnost, ČSOB Leasing and ČSOB Factoring. ČSOB is part of the international banking and insurance group KBC, which is active in Belgium and the countries of Central and Eastern Europe.
