Komercni Banka, A.s. · PSECZ:KOMB
Komercni Banka, A.s — Q2 2025 Earnings Presentation
36 slides from Komercni Banka, A.s's earnings presentation, Jul 31, 2025
Slide 1: Komerční banka Group consolidated unaudited results as of 30 June 2025
Prague, 31 July 2025 Komerční banka Group Consolidated unaudited results as of 30 June 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 June 2025 Macroeconomic environment Business performance Financial performance Asset quality and cost of risk Capital and dividends Outlook for 2025 Appendix KB Group results as of 30 June 2025 3
Slide 4: Highlights of H1&Q2 2025
Highlights of H1&Q2 2025 First half 2025: Strong rise in profitability driven by positive operating jaws, release of provisions Income statement Business performance H1 2025 Q2 2025 KB Bank’s clients Group net income Group net income +47,000 YoY to 1,755,000 CZK 8.8 billion CZK 4.6 billion Continuin
Slide 5: Transformation update
Transformation update KB Group’s transformation update as of mid-2025 Delivered (effort continuing) Next steps • All key technological systems up and running with • Completion of individual clients' migration in 2025 solid performance and stability • Transition of entrepreneurs and small business cl
Slide 6: Agenda
Agenda Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance Asset quality and cost of risk Capital and dividends Outlook for 2025 Appendix KB Group results as of 30 June 2025 6
Slide 7: Czech economy on track to deliver decent growth in 2025
Czech Republic - economy Czech economy on track to deliver Czech GDP development (% year-on-year) decent growth in 2025 8 4.1 KB Economic 6 Research Forecast 0.2 4 2.9 GDP in 2Q 20251) up by 0.2% QoQ and up by 2.4% YoY. YoY growth supported by 1.1 1.9 2 1.1 domestic demand, mainly household consumpt
Slide 8: Agenda
Agenda Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance Asset quality and cost of risk Capital and dividends Outlook for 2025 Appendix KB Group results as of 30 June 2025 8
Slide 9: Gross loans to clients up 4.3%
Loans to clients Gross loans to clients up 4.3% Group lending (excl. repo, incl. client bonds) (CZK billion) +4.3% +1.2% Net loans to deposits ratio at 83.5% 825.5 824.1 838.2 848.3 849.3 859.5 Liquidity coverage ratio 145%. Net stable funding ratio 130% 93.7 95.1 96.4 97.6 98.1 98.7 3.8% 278.5 281.
Slide 10: Selected corporate deals 2Q 2025
Tombstones Selected corporate deals 2Q 2025 KB Group results as of 30 June 2025 10
Slide 11: Client deposits -2.6%, other AUM up +8.0%
Deposits and other AUM Client deposits -2.6%, other AUM up +8.0% Group deposits (excluding repo operations) (CZK billion) -2.6% -0.7% Non-deposit assets under management 1,049.8 1,059.4 1,057.6 1,029.5 1,038.9 1,031.5 (CZK billion) 51.3 50.8 50.4 50.4 48.6 46.4 -8.7% +8.0% 337.3 340.0 337.4 341.4 33
Slide 12: Agenda
Agenda Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance Asset quality and cost of risk Capital and dividends Outlook for 2025 Appendix KB Group results as of 30 June 2025 12
Slide 13: Strong net profit growth
Profit & Loss Strong net profit growth Development of quarterly net profit… (CZK million) +30.6% Drivers for year-on-year change in attributable net profit +10.4% 6,195 (as of 30 June 2025) 4,705 4,186 4,623 +38.9% 3,540 3,713 2,804 1,610 177 8,809 381 -302 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q
Slide 14: Balance sheet up 4.6% year-on-year
Statement of financial position Balance sheet up 4.6% year-on-year Assets Liabilities and Equity (CZK billion) Year-on-year (CZK billion) Year-on-year +4.6% +4.6% 1,605 1,605 1,534 1,536 1,534 1,536 61 92 132 116.9% 409 468 1.5% 461 1,201 1,216 1.3% 1,175 853 861 3.5% 832 -1.4% 13 65 13 66 12 65 -1.
Slide 15: Positive NII trajectory absorbing doubling of non-interest-bearing mandatory reserves
Net interest income Positive NII trajectory absorbing doubling of Year-to-date +3.0% non-interest-bearing mandatory reserves (CZK million) 12,435 12,808 940 -7% 872 Net interest margin (%) Other 1.74% 1.69% 1.69% 1.64% 1.71% 1.64% 1.64% 1.72% 1.71% 1.71% 1.67% 1.70% NII from deposits 5,447 7% 5,817
Slide 16: Healthy client activity trends
Net fees and commissions Healthy client activity trends Year-to-date +4.9% (CZK million) 3,420 3,259 Transaction fees -6% 859 Transaction fees 918 Deposit product fees -8% 344 Increasing number of non-cash transactions, mainly card payments, 375 181 Loan fees 211 -14% inclusion of transactions in su
Slide 17: Solid performance amidst turbulent global conditions
Net profit from financial operations Solid performance amidst turbulent Year-to-date +11.7% global conditions (CZK million) 1,893 1,695 Capital markets 24% 821 Net gains on FX from payments 659 Sales activity Other Unstable global economic backdrop led to fluctuations in client activity during 1,034
Slide 18: Tight management of operating costs
Operating expenditures Tight management of operating costs Year-to-date -3.9% (CZK million) Personnel expenses – average number of employees in 1H25 lower by -4.8% YoY Personnel costs -4,349 -1% -4,311 at 7,155 (FTE). Annual salary increase by average 2.5% effective from Q2, adjusted GAE (excl. Res.
Slide 19: Agenda
Agenda Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance Asset quality and cost of risk Capital and dividends Outlook for 2025 Appendix KB Group results as of 30 June 2025 19
Slide 20: 2Q 2025 Asset quality
Loan portfolio quality 2Q 2025 Asset quality Group lending (CZK billion) 825.5 824.1 838.2 848.3 849.3 859.5 Loan portfolio up by 4.3% YoY and by 1.2% QoQ Stable credit risk profile 684.4 685.1 699.6 708.5 714.4 755.8 • Stage 2 share down to 10.2% (vs. 13.9% in 1Q 2025), driven by post-inflation 124
Slide 21: 2Q and 1H 2025 Cost of risk development
Cost of risk 2Q and 1H 2025 Cost of risk development Total Cost of risk development (CZK million) 496 529 49 2Q 2025 CoR net release at CZK 529 million 607 479 0 112 2 1 106 6 1 • CZK 479 million in net release on non-retail exposures driven by -169 -214 -202 -152 0 -111 -100 -168 -40 (i) adjustment
Slide 22: Agenda
Agenda Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance Asset quality and cost of risk Capital and dividends Outlook for 2025 Appendix KB Group results as of 30 June 2025 22
Slide 23: Capital ratios still well above regulatory requirements after Basel IV implementation
Capital Capital ratios still well above regulatory Contributions to shareholders’ equity in 1H 2025 (CZK million) requirements after Basel IV implementation 130,037 8,809 Total capital adequacy at 18.6% over the Overall Capital Requirement of 16.6% -17,243 119,582 CET 1 ratio at 17.7% over the requi
Slide 24: Agenda
Agenda Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance Asset quality and cost of risk Capital and dividends Outlook for 2025 Appendix KB Group results as of 30 June 2025 24
Slide 25: 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 first quarter 2025 results on 30 April 2025. Investors are advised to consider high level of unc
Slide 26: Agenda
Agenda Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance Asset quality and cost of risk Capital and dividends Outlook for 2025 Appendix KB Group results as of 30 June 2025 26
Slide 27: 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-Jun-24 30-Jun-25 YoY 1,641 1,652 1,664 1,727 1,755 Number of clients 1,625 KB Group’s clients 2,203,000 2,176,000 -27,000 Komerční banka 1,708,000 1,755,000 47,000 – Individ
Slide 28: Income statement
Consolidated income statement Income statement Year-to-date Quarter-to-date (CZK million, unaudited) 1H 2024 1H 2025 YoY 2Q 2024 1Q 2025 2Q 2025 YoY QoQ Net interest income 12,435 12,808 3.0% 6,158 6,404 6,404 4.0% 0.0% Net fee & commission income 3,259 3,420 4.9% 1,670 1,768 1,652 -1.1% -6.6% Net p
Slide 29: Balance sheet
Consolidated statement of financial position Balance sheet (CZK million, unaudited) 30-Jun-24 31-Dec-24 30-Jun-25 YoY rel. YoY abs. Ytd rel. Ytd abs. Assets 1,533,717 1,536,000 1,604,596 4.6% 70,879 4.5% 68,596 Cash and current balances with central bank 35,265 72,956 74,426 >100% 39,161 2.0% 1,470
Slide 30: Capital & profitability indicators
Financial ratios Capital & profitability indicators Adjusted for IFRIC 21 Reported linearisation* (year-to-date, IFRS 9) 30-Jun-24 31-Dec-24 30-Jun-25 30-Jun-24 30-Jun-25 Capital adequacy 18.9% 18.8% 18.6% Tier 1 ratio = Core Tier 1 ratio 17.8% 17.6% 17.7% Risk weighted assets for credit risk (CZK b
Slide 31: Business performance of subsidiaries (1/2)
Overview of KB subsidiaries Business performance of subsidiaries (1/2) 1H 2024 2Q 2025 YoY Modrá pyramida (100%) building savings & loans company Volume of new loans (CZK million) 5,522 7,117 29% Volume of total loans (gross, CZK million) 95,084 98,734 4% Volume of deposits (CZK million) 50,808 46,3
Slide 32: Business performance of subsidiaries (2/2)
Overview of KB subsidiaries Business performance of subsidiaries (2/2) 1H 2024 2Q 2025 YoY Factoring KB (100%) factoring company Factoring turnover (CZK million) 34,634 37,885 9% Volume of total financing (gross, CZK million) 10,544 11,830 12% Average number of FTEs* 1.00 0.25 ** -75% KB Pojišťovna
Slide 33: Capital requirements, MREL, Tier 2
MREL, TIER 2 Capital requirements, MREL*, Tier 2 Own funds and eligible liabilities (for MREL) 29.2% Total requirement = MREL + CBR MREL requirement 21.2% RWA, 5.91% Total Risk Exposure 10.6% (27.5% as of 30 June 2025) Total requirement = MREL + CBR = 21.2% + 6.25% = 27.45% (as of 1 January 2025) MR
Slide 34: Czech macroeconomic environment and interest rates
Czech macroeoconomic environment and interest rates Czech macroeconomic environment and interest rates Macroeconomic Indicators 2023 2024 2025* 2026* 2027* Interest rates evolution Real GDP (%, average) 0.2 1.1 1.9 1.1 2.6 For the period 1 Jan 2015 – 30 June 2025 Household consumption (%, average) -
Slide 35: 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 June 2025) 600 500 Free-float 39.6% 400 300 200 60.4% Société Genérále 100 0 2005 201
Slide 36: 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 Twitter: @KB_investors Reuters: BKOM.PR Bloomberg: KOMB CP