Komercni Banka, A.s. · PSECZ:KOMB
Komercni Banka, A.s — Q1 2026 Earnings Presentation
35 slides from Komercni Banka, A.s's earnings presentation, Apr 30, 2026
Slide 1: Komerční banka Group
Prague, 30 April 2026 Komerční banka Group Consolidated unaudited results as of 31 March 2026
Slide 2: Disclaimer
Disclaimer This document contains a number of forward-looking statements relating to the targets and strategies of the Komerční banka Group. These statements are based on a series of assumptions, both general and specific. As a result, there is a risk that these projections will not be met. Readers
Slide 3: Agenda
Agenda Highlights as of 31 March 2026 Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2026 O
Slide 4: Highlights of 1Q 2026
Highlights of 1Q 2026 1Q 2026: Increasing number of clients, dynamic growth of loans and deposit Income statement Balance sheet & Capital Business performance 1Q 2026 Group net income ROTE Total capital ratio Core Tier 1 Gross loans (outstanding volume) CZK 4.0 billion 14.0% 18.2% 16.8% +7.6% YoY +0
Slide 5: Agenda
Agenda Highlights as of 31 March 2026 Highlights as of 31 March 2026 Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2
Slide 6: Czechia - economy
Czechia - economy Economic resilience supports continued growth Czech GDP development (% year-on-year) KB Economic Research 6 0.2 Forecast GDP +2.6% in FY 20251) 4 2.9 2.6 2.3 1.1 2.8 Broad-based growth, mainly household consumption and fixed investments 2 GDP in 4Q 2025 up by 0.7% QoQ and up by 2.7
Slide 7: Agenda
Agenda Highlights as of 31 March 2026 Highlights as of 31 March 2026 Macroeconomic environment Macroeconomic environment Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook
Slide 8: Gross loans to clients up 7.6%
Loans to clients Gross loans to clients up 7.6% Group lending (excl. repo, incl. client bonds) (CZK billion) +7.6% +0.9% Recovery in consumer lending, following successful rollout of additional financing 848.3 849.3 859.5 868.0 905.8 914.1 products in KB+ 97.6 98.1 98.7 99.0 98.8 97.8 -0.4% Sales of
Slide 9: Selected corporate deals 1Q 2026
Tombstones Selected corporate deals 1Q 2026 KB Group results as of 31 March 2026 9
Slide 10: Client deposits +8.7%, other AUM up 0.8%
Deposits and other AUM Client deposits +8.7%, other AUM up 0.8% Group deposits (excluding repo operations) (CZK billion) +8.7% Net loans to deposits ratio at 80.1%. LCR 162%. NSFR 142% +3.7% 1,038.9 1,058.3 1,088.8 1,129.4 Deposit growth predominantly driven by savings accounts, reflecting strong 1,
Slide 11: Agenda
Agenda Highlights as of 31 March 2026 Highlights as of 31 March 2026 Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital and dividends Outlook f
Slide 12: YoY net profit: Positive operating jaws offset by smaller release of provisions
YoY net profit: Positive operating jaws offset by smaller release of provisions Drivers for year-on-year change in attributable net profit (CZK million, as of 31 March 2026) -4.2% 222 4,186 39 93 -26 15 5 4,009 -130 -396 Reported NII NFC NPFO & Regul. funds OPEX CoR Other* Tax Reported 1Q 2025 other
Slide 13: Balance sheet up by 9.9% year-on-year
Statement of financial position Balance sheet up by 9.9% year-on-year Assets Liabilities and equity (CZK billion) (CZK billion) +9.9% Year-on-year +9.9% Year-on-year +8.9% +8.9% 1,742 1,742 1,586 1,600 1,586 1,600 145 30.0% 21.0% 112 104 558 461 426 1,313 9.0% 1,205 1,221 6.4% 851 905 906 45.0% 1.4%
Slide 14: Net interest income
Net interest income Solid volume growth offset by competitive Year-to-date +0.6% pressure on margins (CZK million) 6,404 6,443 232 40% 324 NII from deposits: average spread lower due to intense competition for deposits Other and increased share of saving & term deposits NII from deposits 3,002 2,960
Slide 15: Net fees and commissions
Net fees and commissions Q1 result affected by seasonality and high base Year-to-date from 1Q 2025 (CZK million) -7.3% 1,768 1,638 Transaction fees 394 Transaction fees -2% 386 Total number of transactions up YoY driven by card and direct banking payments, Deposit product fees 188 8% but seasonally
Slide 16: Net profit from financial operations
Net profit from financial operations Strong early-year performance supported by Year-to-date elevated volatility (CZK million) +10.9% 1,039 937 Sales activity Capital markets Net gains on FX from payments 29% 528 Client IR hedging mainly linked to loan and bond financing 408 Above-average client FX
Slide 17: Operating expenditures
Operating expenditures Operating costs benefiting from measures Year-to-date implemented during 2025, ongoing (CZK million) -4.3% digitalisation and optimisation Personnel costs -2,226 -11% -1,991 GAE (excl. Res. and similar funds) Personnel expenses: average number of employees (FTE) in 1Q26 lower
Slide 18: Agenda
Agenda Highlights as of 31 March 2026 Highlights as of 31 March 2026 Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Capital and dividends Capital and dividends Outlook for 2026 O
Slide 19: Cost of risk
Cost of risk 1Q 2026 Cost of risk evolution Total cost of risk (CZK million) 496 529 49 130 328 1Q 2026 CoR net release at CZK 101 million, -4 bps YtD 607 479 192 466 101 106 6 1 136 0 127 Positively influenced by: -26 -152 -111 0 -1 -336 • Successful resolution of a few corporate client situations
Slide 20: Excellent asset quality
Loan portfolio quality Excellent asset quality Group lending (CZK billion) +7.6% +0.9% 859.5 868.0 905.8 914.1 848.3 849.3 NPL ratio down to 1.5%, driven by the successful resolution of a few corporate NPL exposures and stable default rates 708.5 714.4 755.8 768.6 819.7 826.6 123.4 16.4 118.0 16.9 8
Slide 21: Agenda
Agenda Highlights as of 31 March 2026 Highlights as of 31 March 2026 Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Outlook f
Slide 22: Capital to remain safely above regulatory requirements
Capital Capital to remain safely above regulatory Contributions to shareholders’ equity in 1Q 2026 requirements (CZK million) 25 132,712 Total capital adequacy at 18.2% over the Overall Capital Requirement of 16.6% -243 4,009 128,921 CET 1 ratio at 16.8% over the required 12.0% (minimum T1 at 14.0%)
Slide 23: Agenda
Agenda Highlights as of 31 March 2026 Highlights as of 31 March 2026 Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital a
Slide 24: 2026 outlook (base scenario as of 31 March 2026)
Outlook for 2026 2026 outlook (base scenario as of 31 March 2026) The text below updates and replaces outlook for 2026 originally presented Key macroeconomic assumptions: alongside release of KB’s full year 2025 results on 6 February 2026 2026 GDP +2.3%, Inflation +2.2% (average), 2W repo rate 3.5%
Slide 25: Agenda
Agenda Highlights as of 31 March 2026 Highlights as of 31 March 2026 Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital and dividends Capital a
Slide 26: KB Group clients and distribution network
KB Group clients and distribution network Number of clients and distribution network Number of bank clients (thousands, CZ) 31-Mar-25 31-Mar-26 YoY 1,727 1,778 1,798 1,625 1,652 1,664 Number of clients KB Group’s customers 2,231,000 2,287,000 +56,000 Komerční banka 1,738,000 1,798,000 +60,000 – Indi
Slide 27: Consolidated income statement
Consolidated income statement Income statement (CZK million, unaudited) 1Q 2025 4Q 2025 1Q 2026 YoY QoQ Net interest income 6,404 6,535 6,443 0.6% -1.4% Net fee and commission income 1,768 1,861 1,638 -7.3% -12.0% Net profit on financial operations 937 942 1,039 10.9% 10.2% Dividend and other income
Slide 28: Consolidated statement of financial position
Consolidated statement of financial position Balance sheet (CZK million, unaudited) 31-Mar-25 31-Dec-25 31-Mar-26 YoY rel. YoY abs. Ytd rel. Ytd abs. Assets 1,585,663 1,599,579 1,741,937 9.9% 156,274 8.9% 142,357 Cash and current balances with central bank 83,380 91,662 87,882 5.4% 4,502 -4.1% -3,78
Slide 29: Capital & profitability indicators
Financial ratios Capital & profitability indicators Adjusted for IFRIC 21 Reported linearisation* (year-to-date, IFRS 9) 31-Mar-25 31-Dec-25 31-Mar-26 31-Mar-25 31-Mar-26 Tier 1 ratio = Core Tier 1 ratio 17.7% 17.1% 16.8% Risk weighted assets for credit risk (CZK billion) 443.7 467.9 480.2 Net inter
Slide 30: Business performance of subsidiaries (1/2)
Overview of KB subsidiaries Business performance of subsidiaries (1/2) 1Q 2025 1Q 2026 YoY Modrá pyramida (100%) building savings & loans company Volume of new loans (CZK million) 3,535 1,781 -50% Volume of total loans (gross, CZK million) 98,133 97,779 0% Volume of deposits (CZK million) 48,571 43,
Slide 31: Business performance of subsidiaries (2/2)
Overview of KB subsidiaries Business performance of subsidiaries (2/2) 1Q 2025 1Q 2026 YoY Factoring KB (100%) factoring company Factoring turnover (CZK million) 18,485 18,975 3% Volume of total financing (gross, CZK million) 11,206 12,983 16% Average number of FTEs* 0.26 0.24** -8% KB Pojišťovna (4
Slide 32: Capital requirements, MREL, Tier 2
MREL, TIER 2 Capital requirements, MREL*, Tier 2 Own funds and eligible liabilities (for MREL) 29.3% Total requirement = MREL + CBR (27.1% as of 31 March 2026) MREL requirement 20.8% RWA, 5.91% Total Risk Exposure 11.2% MREL Total requirement = MREL + CBR = 20.8% + 6.25% = 27.05% 1.4% (20.8% as of 3
Slide 33: Czech macroeconomic environment and interest rates
Czech macroeconomic environment and interest rates Czech macroeconomic environment and interest rates Average market rates on new CZK loans and market interest rates (%, until Feb/Mar 2026) KB Group results as of 31 March 2026 33
Slide 34: KB - #1 listed Czech bank
KB shares and shareholder structure KB - #1 listed Czech bank Shareholder structure Appreciation of KB shares since October 2001 (acquisition of majority stake by SG) in % (excluding dividends) (1 October 2001 – 31 March 2026) • The number of shareholders comprised 90,642 corporate entities and priv
Slide 35: Investor relations
Investor relations Komerční banka, a.s. Na Příkopě 33, 114 07 Prague 1 Email: investor_relations@kb.cz Tel.: +420 955 532 156 Internet: www.kb.cz/investors Reuters: BKOM.PR Bloomberg: KOMB CP