Komercni Banka, a.s. · PSECZ:KOMB
Komercni Banka, a.s — 9M 2026 Earnings Presentation
48 slides from Komercni Banka, a.s's earnings presentation, Oct 29, 2026
Slide 1: Komerční banka Group Financial Results and Updated Strategy to 2029
29 OCTOBER 2026 Komerční banka Group Consolidated unaudited financial results as of 30 September 2026 and Updated strategy to 2029
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 30 SEPTEMBER 2026 Macroeconomic environment MACROECONOMIC ENVIRONMENT TBU Business performance BUSINESS PERFORMANCE Financial performance FINANCIAL PERFORMANCE Asset quality and cost of risk ASSET QUALITY AND COST OF RISK Capital CAPITAL OUTLOOK FOR 2026 OUTLOOK FOR 2026 STRA
Slide 4: Highlights of 9M & 3Q 2026
Highlights of 9M & 3Q 2026 9M 2026: Growth in loans, deposits and operating profit Income statement Income statement Business performance Capital & Liquidity 9M 2026 3Q 2026 Group net income Group net income Gross loans Total capital ratio Core Tier 1 CZK 13.2 billion CZK 4.7 billion +11.1% YoY +2.0
Slide 5: Agenda
Agenda Highlights as of 30 September 2026 HIGHLIGHTS AS OF 30 SEPTEMBER 2026 MACROECONOMIC ENVIRONMENT TBU TBU Business performance BUSINESS PERFORMANCE Financial performance FINANCIAL PERFORMANCE Asset quality and cost of risk ASSET QUALITY AND COST OF RISK Capital CAPITAL OUTLOOK FOR 2026 OUTLOOK
Slide 6: Czechia - economy: Economic resilience supports continued growth
Czechia - economy Economic resilience supports continued growth Czech GDP development (% year-on-year) KB Economic Research 6 Forecast 0.2 GDP +1.8% YoY and +0.3% QoQ in 2Q 20261) 4 2.7 1.7 1.1 2.3 2.6 GDP growth based on net export, fixed investments and household 2 final consumption 0 -2 Unemploym
Slide 7: Agenda
Agenda Highlights as of 30 September 2026 HIGHLIGHTS AS OF 30 SEPTEMBER 2026 Macroeconomic environment MACROECONOMIC ENVIRONMENT BUSINESS PERFORMANCE Financial performance FINANCIAL PERFORMANCE Asset quality and cost of risk ASSET QUALITY AND COST OF RISK Capital CAPITAL OUTLOOK FOR 2026 OUTLOOK FOR
Slide 8: Gross loans to clients up 11.1%
Loans to clients Gross loans to clients up 11.1% Group lending (excl. repo, incl. client bonds) (CZK billion) +11.1% +2.0% Strong momentum in bank consumer lending in 2026 driven by digital sales Y-o-Y 905.8 914.1 945.8 964.6 859.5 868.0 Housing loan production moderated following a period of strong
Slide 9: Selected corporate deals 3Q 2026
Tombstones Selected corporate deals 3Q 2026 KB GROUP RESULTS AS OF 30 SEPTEMBER 2026 9
Slide 10: Client deposits +6.7%, other AUM +0.7%
Deposits and other AUM Client deposits +6.7%, other AUM +0.7% Group deposits (excluding repo operations) (CZK billion) +6.7% Net loans to deposits ratio at 84.6%. LCR 172%. NSFR 134% Segment view -0.7% Y-o-Y 1,058.3 1,088.8 1,129.4 1,137.2 1,129.7 Deposit growth predominantly driven by savings accou
Slide 11: Agenda
Agenda Highlights as of 30 September 2026 HIGHLIGHTS AS OF 30 SEPTEMBER 2026 Macroeconomic environment MACROECONOMIC ENVIRONMENT Business performance BUSINESS PERFORMANCE FINANCIAL PERFORMANCE Asset quality and cost of risk ASSET QUALITY AND COST OF RISK Capital CAPITAL OUTLOOK FOR 2026 OUTLOOK FOR
Slide 12: YoY net profit: Higher revenues, lower operating costs
YoY net profit: Higher revenues, lower operating costs, (smaller) release of credit provisions Drivers for year-on-year change in attributable net profit (CZK million, as of 30 September 2026) -2.8% 309 165 390 13,584 -63 -39 36 28 13,201 -1,209 Reported NII NFC NPFO & Regul. funds OPEX CoR Other* T
Slide 13: Balance sheet up by 13.2% year-on-year
Statement of financial position Balance sheet up by 13.2% year-on-year Assets Liabilities and equity (CZK billion) (CZK billion) +13.2% Year-on-year +13.2% Year-on-year +14.8% +14.8% 1,836 1,836 1,622 1,622 140 18.1% 1,600 1,600 604 24.1% 119 104 487 426 229 238 5.0% 226 1,311 5.2% 1,246 1,221 905 9
Slide 14: NII growth driven by business volumes
Net interest income NII growth driven by business volumes Year-to-date +2.0% (CZK million) 19,309 19,700 726 16% 844 NII from deposits: affected by a higher share of savings deposits in the total deposit base and intense competition 9,182 9,235 Other 1% NII from loans: pressure on lending spreads pe
Slide 15: Solid fee income trend despite summer seasonality
Net fees and commissions Solid fee income trend despite summer Year-to-date +3.2% seasonality (CZK million) 5,093 5,258 1,208 -1% 1,201 Transaction fees 564 10% 620 Transaction fees 267 Continued YoY increase in number of transactions, seasonally slower Q3, 263 1% Deposit product fees effect of incl
Slide 16: Resilient performance in a less favourable environment
Net profit from financial operations Resilient performance in a less favourable Year-to-date -2.5% environment (CZK million) 2,996 2,921 Capital markets 1,326 -3% 1,282 Capital markets Range-bound CZK/EUR rate during most of Q3 limited demand for FX Net gains on FX from payments hedging 1,670 -2% 1,
Slide 17: Further progress in operating efficiency
Operating expenditures Further progress in operating efficiency Year-to-date -2.1% (CZK million) Personnel expenses: driven by YoY decrease in average number of -6,297 -4% -6,020 employees (9M 2026 FTE) by -8.8% to 6,440. Expected Q4 2026 exceptional Personnel costs cost of CZK 150 million related t
Slide 18: Agenda
Agenda Highlights as of 30 September 2026 HIGHLIGHTS AS OF 30 SEPTEMBER 2026 Macroeconomic environment MACROECONOMIC ENVIRONMENT Business performance BUSINESS PERFORMANCE Financial performance FINANCIAL PERFORMANCE ASSET QUALITY AND COST OF RISK Capital CAPITAL OUTLOOK FOR 2026 OUTLOOK FOR 2026 STRA
Slide 19: 3Q 2026 Cost of risk evolution
Cost of risk 3Q 2026 Cost of risk evolution Total cost of risk (CZK million) 529 49 130 328 3Q 2026 CoR net release at CZK 5 million, -2 bps YtD 479 192 466 101 5 39 1 136 0 127 4 0 115 0 Positively influenced by: 34 -26 -1 -110 -336 - Updates to IFRS 9 provisioning models and methodology -1 2Q 2025
Slide 20: Excellent asset quality
Loan portfolio quality Excellent asset quality Group lending (CZK billion) +11.1% +2.0% NPL ratio down to 1.4%, driven by: 945.8 964.6 859.5 868.0 905.8 914.1 - Successful resolution of several corporate NPLs 755.8 768.6 819.7 826.6 857.9 878.3 - Retail write-offs - Stable low default rates 87.5 16.
Slide 21: Agenda
Agenda Highlights as of 30 September 2026 HIGHLIGHTS AS OF 30 SEPTEMBER 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 OUTLOOK FOR 202
Slide 22: Strong capital base
Capital Strong capital base Contributions to shareholders’ equity in 9M 2026 (CZK million) Total capital adequacy at 18.6% over the Overall Capital Requirement of 16.6%. CET 1 ratio at 16.5% over the required 12.0% (minimum T1 at 14.0%) 13,201 -18,056 128,921 53 124,032 Tier 2 capital represented 2.
Slide 23: Agenda
Agenda Highlights as of 30 September 2026 HIGHLIGHTS AS OF 30 SEPTEMBER 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 CAPITAL OUTLOOK
Slide 24: 2026 outlook (base-case scenario)
Outlook for 2026 2026 outlook (base-case scenario as at 30 September 2026) The outlook below updates and supersedes the 2026 outlook originally presented with KB’s full-year 2025 results on 6 February 2026 and subsequently updated with the 1Q 2026 results on 30 April 2026 and the 2Q 2026 results on
Slide 25: Agenda
Agenda Highlights as of 30 September 2026 HIGHLIGHTS AS OF 30 SEPTEMBER 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 CAPITAL OUTLOOK
Slide 26: KB's next chapter: Turning digital transformation into sharper returns
KB’s next chapter: Turning digital transformation into sharper returns Shareholder 2018 2020–2025 2026–2029 value ambition 2029 KB Change KB2025 KB2029 ROTE >16% CUSTOMER DIGITAL DISCIPLINED, LIGHTER FOCUS TRANSFORMATION & LEANER EXECUTION C/I RATIO Restructuring the KB+ new digital bank Leverage co
Slide 27: KB+ is a future-ready digital bank
KB+ is a future-ready digital bank MODERN, SCALABLE SIMPLIFIED AND DIFFERENTIATED TECHNOLOGY FOUNDATION KB+ CLIENT PROPOSITION ▪ Integrated digital banking ▪ 1.8m clients on the KB+ platform ecosystem based on a modern core ▪ Radically simplified retail ▪ 95% reduction in product complexity proposit
Slide 28: KB 2025 Transformation delivery
KB 2025 Transformation delivery Complex transformation successfully delivered while sustaining business growth and strong profitability DOUBLED CLIENT ACQUISITION FOLLOWING SUSTAINED DEPOSIT GROWTH ONGOING PRODUCTIVITY GAINS LAUNCH OF KB+ +125% +5% CAGR -15% 166 187 1,089 8,167 816 6,971 82 67 70 87
Slide 29: KB Strategic direction to 2029
KB Strategic direction to 2029 Sharp choices and disciplined value creation supports sustainable shareholder returns SHAREHOLDER VALUE COMPETITIVE FOUNDATION PROFITABLE GROWTH CREATION* Top 3 position in a profitable, highly Prioritise growth based on risk- and Mid-single-digit revenue growth compet
Slide 30: Retail banking: Outgrow the market
Retail banking: Outgrow the market Grow the client base and deepen relationships through digital distribution, differentiated advice and disciplined focus on profitable growth CUSTOMER ACQUISITION & SCALABLE DISTRIBUTION MODEL DISCIPLINED PROFITABLE GROWTH ACTIVATION ▪ Acquire 150,000 new clients ▪
Slide 31: CIB: Maintain leadership, enhance long term value creation
CIB: Maintain leadership, enhance long term value creation Preserve strong market position in corporate banking. Focus on high-value opportunities, RWA efficiency and a simpler, more digital banking model SCALE-DOWN COST TO SERVE ACCRETIVE GROWTH EFFICIENT REVENUE STREAMS ▪ Accelerate credit approva
Slide 32: ~4% Revenue CAGR ambition
~4% Revenue CAGR ambition Growth supported by value-accretive lending, resilient funding, client acquisition and broader product penetration KEY DRIVERS OF THE 2026-2029 REVENUE OUTLOOK +~16% ▪ Mid-single-digit loan growth ~43 ▪ Deposit growth aligned with loan growth, with faster ~37 expansion in r
Slide 33: Continue reducing the cost base
Continue reducing the cost base CONTINUED COST DISCIPLINE THE NEXT WAVE OF EFFICIENCY GAINS -5% ▪ Increase productivity through digitalization, automation, simplification and AI deployment 17 ~16 ~2.2% p.a. ▪ Optimize further the physical distribution ~ -3.6% p.a. footprint ▪ Capture Société Général
Slide 34: Progressing towards an AI-native financial group
Progressing towards an AI-native financial group Embedding AI across KB Group supported by Société Générale platforms and strategic partnerships ENHANCE CLIENT IMPROVE PRODUCTIVITY INCREASE IT EFFICIENCY RELATIONSHIPS Build AI adoption through training Use AI to improve targeting, Converge to One Da
Slide 35: Improving risk-adjusted returns, maintaining resilience
Improving risk-adjusted returns, maintaining resilience Optimize the utilization of the established risk appetite ▪ Improve revenue growth by focusing on risk- PRESERVING EXCELLENT adjusted returns through more effective use of ASSET QUALITY AND COST OF RISK affirmed risk appetite capacity 66 Compli
Slide 36: Sustaining strong capital generation and attractive distributions
Sustaining strong capital generation and attractive distributions Capital roadmap to 2029 continues to deliver attractive shareholder remuneration OVERALL CAPITAL ADEQUACY RATIO BRIDGE >300 bps p.a. 17.9% >18% ~-130 bps p.a. Total capital ratio 2025 Capital Dividends RWA Growth Tier 2 Other 2029 Tar
Slide 37: 2029 Targets Scorecard
2029 TARGETS SCORECARD Financial building blocks KEY TARGETS ROTE Cost-to-income Target dividend payout ratio ≥ 16% <40% ≥70% in 2029 From the results of 2027–29 in 2029 80% reiterated for 2026 SUPPORTED BY Revenues OPEX Total capital ~+16% ~-5% 18% in 2029 vs. 2025 in 2029 vs. 2025 In 2029, at leas
Slide 38: Agenda
Agenda Highlights as of 30 September 2026 HIGHLIGHTS AS OF 30 SEPTEMBER 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 CAPITAL OUTLOOK
Slide 39: Number of clients and distribution network
KB Group clients and distribution network Number of clients and distribution network KB Group customers (thousands) 2,251 2,240 2,201 2,226 2,268 2,331 30-Sep-25 30-Sep-26 YoY Number of clients KB Group customers 2,250,000 2,331,000 +81,000 KB+ users 1,460,000 1,789,000 +328,000 2021 2022 2023 2024
Slide 40: Consolidated income statement
Consolidated income statement Income statement (CZK million, unaudited) 9M 2025 9M 2026 YoY 3Q 2025 2Q 2026 3Q 2026 YoY QoQ Net interest income 19,310 19,700 2.0% 6,501 6,506 6,751 3.8% 3.8% Net fee and commission income 5,093 5,258 3.2% 1,673 1,815 1,805 7.9% -0.5% Net profit on financial operation
Slide 41: Consolidated statement of financial position
Consolidated statement of financial position Balance sheet (CZK million, unaudited) 30-Sep-25 31-Dec-25 30-Sep-26 YoY rel. YoY abs. Ytd rel. Ytd abs. Assets 1,622,387 1,599,579 1,835,977 13.2% 213,590 14.8% 236,398 Cash and current balances with central bank 73,866 91,662 94,721 28.2% 20,854 3.3% 3,
Slide 42: Capital & profitability indicators
Financial ratios Capital & profitability indicators Adjusted for IFRIC 21 Reported linearisation* (year-to-date, IFRS 9) 30-Sep-25 31-Dec-25 30-Sep-26 30-Sep-25 30-Sep-26 Capital adequacy 18.4% 17.9% 18.6% Tier 1 ratio = Core Tier 1 ratio 17.6% 17.1% 16.5% Risk weighted assets for credit risk (CZK b
Slide 43: Business performance of subsidiaries (1/2)
Overview of KB subsidiaries Business performance of subsidiaries (1/2) 9M 2025 9M 2026 YoY Modrá pyramida (100%) building savings & loans company Volume of new loans (CZK million) 9,786 3,476 -64% Volume of total loans (gross, CZK million) 99,014 94,275 -5% Volume of deposits (CZK million) 45,126 42
Slide 44: Business performance of subsidiaries (2/2)
Overview of KB subsidiaries Business performance of subsidiaries (2/2) 9M 2025 9M 2026 YoY Factoring KB (100%) factoring company Factoring turnover (CZK million) 55,361 60,578 9% Volume of total financing (gross, CZK million) 10,676 12,843 20% Average number of FTEs* 0.2 0.2 ** n.a. KB Pojišťovna (4
Slide 45: Capital requirements, MREL, Tier 2
MREL, TIER 2 Capital requirements, MREL*, Tier 2 Own funds and eligible liabilities (for MREL) 29.4% Total requirement = MREL + CBR (26.9% as of 30 Sep 2026) 10.8% MREL MREL requirement (as from 15 June 2026): 20.6% RWA, 5.91% Total Risk (20.6% as of 30 Sep 2026) 2.1% Exposure Senior non-preferred l
Slide 46: 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 – 30 September 2026) ■ The number of shareholders comprised 95,086 corporate entities and
Slide 47: 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 Aug/Sep 2026) KB GROUP RESULTS AS OF 30 SEPTEMBER 2026 47
Slide 48: 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 KB GROUP RESULTS AS OF 30 SEPTEMBER 2026 48