Komercni Banka, A.s. · PSECZ:KOMB
Komercni Banka, A.s — Q3 2025 Earnings Presentation
40 slides from Komercni Banka, A.s's earnings presentation, Oct 30, 2025
Slide 1: Komerční banka Group consolidated unaudited results as of 30 September 2025
Prague, 30 October 2025 Komerční banka Group Consolidated unaudited results as of 30 September 2025
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 2025 KB transformation story KB transformation story 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 an
Slide 4: KB in 9 months of 2025: Growth in revenues amid declining operating costs, excellent asset quality
Highlights of 9M & 3Q 2025 KB in 9 months of 2025: Growth in revenues amid declining operating costs, excellent asset quality Income statement Business performance 9M 2025 Q3 2025 Gross loans (outstanding volume) Group net income Group net income +3.6% YoY +1.0% QoQ Housing loan sales in 9M +48.2% Y
Slide 5: Agenda
Agenda Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk
Slide 6: Distinct features of KB's new digital bank proposition with KB+ application
KB Transformation Distinct features of KB’s new digital bank proposition with KB+ application ▪ Significant simplification of products and processes including single navigation environment in mobile app, desktop for clients as well as in dashboards for relationship ▪ Net Promoter Score at 38 manager
Slide 7: Successful digitalisation path
KB Transformation Successful digitalisation path Fast switching of individual customers Digital to transactions KB+ in KB’s Predominant share of mobile Increasing number of client interactions with the bank in KB+ (millions of KB individual customers) banking transactions in KB+ Logins to KB’s digit
Slide 8: KB Group's transformation: success stories of efficiency improvement and synergy enhancements
KB Transformation KB Group’s transformation: success stories of efficiency improvement and synergy enhancements OneGroup ▪ Unifying marketing communication under the KB brand ▪ Simplifying the product portfolio, offering consistent solutions to customer needs ▪ Sharing the distribution networks. Exp
Slide 9: Agenda
Agenda Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk C
Slide 10: Economy underpinned by domestic consumption
Czech Republic - economy Economy underpinned by domestic Czech GDP development (% year-on-year) consumption 8 4.1 KB Economic Research Forecast 6 0.2 4 2.9 2.1 1.1 1.6 2 GDP in 2Q 20251) up by 0.5% QoQ and up by 2.6% YoY. YoY growth supported by 0 domestic demand, mainly household consumption -2 -4
Slide 11: Agenda
Agenda Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of r
Slide 12: Gross loans to clients up 3.6%
Loans to clients Gross loans to clients up 3.6% Group lending (excl. repo, incl. client bonds) (CZK billion) +3.6% +1.0% Net loans to deposits ratio at 82.0% 824.1 838.2 848.3 849.3 859.5 868.0 Liquidity coverage ratio 144%. Net stable funding ratio 131% 95.1 96.4 97.6 98.1 98.7 99.0 2.7% 281.6 284.
Slide 13: Selected corporate deals 3Q 2025
Tombstones Selected corporate deals 3Q 2025 KB Group results as of 30 September 2025 13
Slide 14: Client deposits stable, other AUM up +6.6%
Deposits and other AUM Client deposits stable, other AUM up +6.6% Group deposits (excluding repo operations) (CZK billion) +0.1% +2.6% Non-deposit assets under management 1,059.4 1,057.6 1,029.5 1,038.9 1,031.5 1,058.3 (CZK billion) 50.8 50.4 50.4 48.6 46.4 45.1 -10.4% +6.6% 340.0 337.4 341.4 337.1
Slide 15: Agenda
Agenda Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Asset quality and cost of risk Asset quality and cost of ri
Slide 16: Dynamic net profit growth despite material one-off gain in the comparative base
Profit & Loss Dynamic net profit growth despite material Development of quarterly net profit… (CZK million) one-off gain in the comparative base +28.6% Drivers for year-on-year change in attributable net profit 6,195 +3.3% (as of 30 September 2025) +8.3% 4,705 4,623 4,775 3,713 4,186 3,540 +35.1% 2,
Slide 17: Balance sheet down by 2.3% year-on-year
Statement of financial position Balance sheet down by 2.3% year-on-year Assets Liabilities and Equity (CZK billion) Year-on-year (CZK billion) Year-on-year -2.3% -2.3% 1,660 1,622 1,660 1,622 1,536 74 1,536 119 61.1% 92 548 487 -11.2% 409 1,319 -5.5% 1,175 1,246 846 853 870 2.8% -3.6% -0.6% 13 66 13
Slide 18: NIM marginally higher upon improved deposit mix, stable loan spreads
Net interest income NIM marginally higher upon improved Year-to-date +3.3% deposit mix, stable loan spreads (CZK million) 18,691 19,310 1,300 0% 1,296 Net interest margin (%) Other 1.74% 1.64% 1.71% 1.64% 1.64% 1.72% 1.71% 1.71% 1.67% 1.70% 1.68% 1.70% NII from deposits 8,433 4% 8,781 NII from loans
Slide 19: Fee income driven by cross-selling, services for corporates
Net fees and commissions Fee income driven by cross-selling, services for Year-to-date* +3.4% corporates. Inflection in deposit product fees (CZK million) 4,925 5,093 -12% 1,208 Transaction fees Transaction fees 1,373 Financial trajectory driven by gradual migration of clients to KB+ new digital Dep
Slide 20: Healthy FX flows despite softer hedging demand from stronger Koruna
Net profit from financial operations Healthy FX flows despite softer hedging Year-to-date +7.6% demand from stronger Koruna (CZK million) 2,783 2,996 Capital markets 1,116 19% 1,326 Net gains on FX from payments Sales activity Other Client activity influenced by global economic news flow, seasonal p
Slide 21: Reduction in operating costs, benefiting from ongoing digitalisation and optimisation
Operating expenditures Reduction in operating costs, benefiting Year-to-date -4.3% from ongoing digitalisation and optimisation (CZK million) Personnel expenses – average number of employees (FTE) in 9M25 decreased Personnel costs -6,581 -4% -6,297 by -5.5% YoY to 7,064 GAE (excl. Res. and similar f
Slide 22: Agenda
Agenda Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Capita
Slide 23: Asset quality
Loan portfolio quality Asset quality Group lending (CZK billion) 824.1 838.2 848.3 849.3 859.5 868.0 Loan portfolio up by 3.6% YoY and by 1% QoQ Stable credit risk profile 685.1 699.6 708.5 714.4 755.8 768.6 • Stage 2 share down to 9.7% (vs. 10.2% in 2Q 2025), driven by post-inflation 122.8 16.2 121
Slide 24: Cost of risk development
Cost of risk Cost of risk development Total Cost of risk (CZK million) 496 529 49 328 3Q 2025 CoR net release at CZK 328 million 607 479 192 112 2 106 6 136 • CZK 136 million in net release on non-retail exposures driven by the 1 1 0 -214 -202 -152 0 -111 successful resolution of a few NPL corporate
Slide 25: Agenda
Agenda Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset
Slide 26: Capital remains strong
Capital Capital remains strong Contributions to shareholders’ equity in 9M 2025 (CZK million) Total capital adequacy at 18.4% over the Overall Capital Requirement of 16.6% 130,037 13,584 -17,243 124,373 CET 1 ratio at 17.6% over the required 12.0% (minimum T1 at 14.0%) as from 1 Jan 25 -292 -1,712 T
Slide 27: Agenda
Agenda Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset
Slide 28: Assumptions and outlook for 2025
Outlook for 2025 Assumptions and outlook for 2025 The text below updates and replaces outlook for 2025 first presented alongside release of KB’s full year 2024 results on 6 February 2025 and updated with 1st quarter 2025 results on 30 April 2025 and with 2nd quarter results on 31 July 2025. Investor
Slide 29: Agenda
Agenda Highlights as of 30 September 2025 Highlights as of 30 September 2025 KB transformation story KB transformation story Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset
Slide 30: Number of clients and distribution network
KB Group clients and distribution network Number of clients and distribution network Number of bank clients (thousands, CZ) 30-Sep-24 30-Sep-25 YoY 1,727 1,764 1,641 1,625 1,652 1,664 Number of clients KB Group’s clients 2,184,000 2,171,000 -13,000 Komerční banka 1,709,000 1,764,000 55,000 – Individ
Slide 31: Income statement – reported
Consolidated income statement Income statement – reported Year-to-date Quarter-to-date (CZK million, unaudited) 9M 2024 9M 2025 YoY 3Q 2024 2Q 2025 3Q 2025 YoY QoQ Net interest income 18,691 19,310 3.3% 6,256 6,404 6,501 3.9% 1.5% Net fee & commission income 4,925 5,093 3.4% 1,666 1,652 1,673 0.5% 1
Slide 32: Income statement – recurring
Consolidated income statement Income statement – recurring* Year-to-date Quarter-to-date (CZK million, unaudited) 9M 2024 9M 2025 YoY 3Q 2024 2Q 2025 3Q 2025 YoY QoQ Net interest income 18,691 19,310 3.3% 6,256 6,404 6,501 3.9% 1.5% Net fee & commission income 4,925 5,093 3.4% 1,666 1,652 1,673 0.5%
Slide 33: Balance sheet
Consolidated statement of financial position Balance sheet (CZK million, unaudited) 30-Sep-24 31-Dec-24 30-Sep-25 YoY rel. YoY abs. Ytd rel. Ytd abs. Assets 1,659,905 1,536,000 1,622,387 -2.3% -37,518 5.6% 86,387 Cash and current balances with central bank 24,313 72,956 73,866 >100% 49,554 1.2% 911
Slide 34: Capital & profitability indicators
Financial ratios Capital & profitability indicators Reported Recurring* (year-to-date, IFRS 9) 30-Sep-24 31-Dec-24 30-Sep-25 30-Sep-24 30-Sep-25 Capital adequacy 19.0% 18.8% 18.4% Tier 1 ratio = Core Tier 1 ratio 17.9% 17.6% 17.6% Risk weighted assets for credit risk (CZK billion) 448.7 462.2 448.5
Slide 35: Business performance of subsidiaries (1/2)
Overview of KB subsidiaries Business performance of subsidiaries (1/2) 9M 2024 9M 2025 YoY Modrá pyramida (100%) building savings & loans company Volume of new loans (CZK million) 9,308 9,786 5% Volume of total loans (gross, CZK million) 96,376 99,014 3% Volume of deposits (CZK million) 50,377 45,12
Slide 36: Business performance of subsidiaries (2/2)
Overview of KB subsidiaries Business performance of subsidiaries (2/2) 9M 2024 9M 2025 YoY Factoring KB (100%) factoring company Factoring turnover (CZK million) 54,064 55,361 2% Volume of total financing (gross, CZK million) 10,060 10,676 6% Average number of FTEs* 1.00 0.25 ** -75% KB Pojišťovna (
Slide 37: Capital requirements, MREL, Tier 2
MREL, TIER 2 Capital requirements, MREL*, Tier 2 Own funds and eligible liabilities (for MREL) 28.8% Total requirement = MREL + CBR MREL requirement 20.8% RWA, 5.91% Total Risk Exposure 10.4% (27.1% as of 11 August 2025) Total requirement = MREL + CBR = 20.8% + 6.25% = 27.05% (as of 11 August 2025)
Slide 38: Czech macroeconomic environment and interest rates
Czech macroeoconomic environment and interest rates Czech macroeconomic environment and interest rates KB Group results as of 30 September 2025 38
Slide 39: KB - #1 listed Czech bank
KB shares and shareholder structure KB - #1 listed Czech bank • The number of shareholders comprised 79,840 corporate entities and private individuals as of 30 September 2025 • Of the Bank’s total share capital of CZK 19,004,926,000 divided into 190,049,260 shares with a nominal value of CZK 100 eac
Slide 40: 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