Komerční Banka sees profit drop in 2015

One of the Czech Republic’s biggest banks, Komerční Banka, announced a surprise drop in profits for 2015. The bank announced a net profit of 13.1 billion crowns, 1.5 percent less than the final figure for 2014. Most analysts had expected the profit for last year to rise. Some observers highlighted the fact that the bank made increased provisions for bad loans at the end of the year.

Author: Chris Johnstone