Komercni Banka As (KMERF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello. Good afternoon. Good morning, ladies and gentlemen. Welcome from Komershnyi Banka. Thank you for sharing your time with us today. It is the 30th of April 2025, and we are going to discuss the results of Komershnyi Banka Group for the first quarter of 2025. Please note that this call is being recorded and just I have just started recording. Our speakers today will be Jan Juchelka, Chairman of the Board of Directors and CEO of Koneční banka, Jiří Šperl, Chief Financial Officer, and Didier Collin, Chief Risk Officer. And standing by in case you have questions for them are Jitka Hobová, Chief Operating Officer, Margo Simpson, Chief Digital Officer, Miroslav Hirschel, Head of Retail Banking, and David Formánek, Head of Corporate and Investment Banking. As always, we will begin with the presentation of results, which will be followed by a question and answer session. During this presentation part, all participants will be on listen-only mode. We would appreciate if you could keep your microphones muted during that time. Now, let me ask the CEO, Jan Juchelka, to begin the presentation. Jan, please. All right. Ladies and gentlemen, welcome to the presentation of Q1 results for Komercní banka group. Together with my colleagues, we are keen to lead you through the presentation and answer your questions afterwards. The highlights of the first quarter are the following. Komercní has continued fulfilling its role in Czech economy. we were growing not only the number of clients, which was by 60,000 to the current level of 1.7 million, together with ongoing migration of clients from old technological stack to the new technological stack, but also we continue the needs of our clients in the field of financing. The loans were growing by almost 3% on year-over-year comparison. ...