Investments and mortgages powered Česká spořitelna’s business growth in 2025
As of 31 December 2025 , Česká spořitelna reported an unaudited consolidated net profit of CZK 27.8bn, according to the International Financial Reporting Standards (IFRS). Operating result reached CZK 33.9bn.
"Česká spořitelna’s results confirm that 2025 was a landmark year for the bank. We celebrated 200 years of presence in the market while also achieving several significant business milestones, clearly demonstrating that our long-term focus on supporting the financial health and prosperity of our clients is strategically sound.
We recorded growth across most key areas that underpin long-term prosperity, including investments, retirement savings, and housing loans.
In investments, Česká spořitelna surpassed two major historical milestones. The number of retail clients investing through the bank exceeded 750,000 for the first time, and total retail investment volumes rose above CZK 500 billion. Česká spořitelna – penzijní společnost (ČSPS) became the clear market leader among pension companies. We also further strengthened our leadership in the mortgage segment, where our portfolio reached CZK 500 billion.
Growing demand for our products and advisory services drove increases in fee and commission income (up 3.1% year on year) as well as net interest income (up 5.8%). These factors were the main drivers of growth in both operating and net profit. Operating efficiency also improved, with the cost-to-income ratio falling below 43%, while continued investments in AI and the deployment of artificial intelligence remained a significant cost item.
These achievements were also recognized through a number of prestigious awards. Česká spořitelna successfully defended its top positions in the Visa Best Bank and Mastercard Bank of the Year competitions, and Euromoney magazine named it the Best Bank in the Czech Republic." said Attila Sánta, Česká spořitelna’s CFO in his reaction to the Bank´s FY 2025 financial results.
Highlights
P&L: FY 2025 compared with FY 2024.
Balance sheet: 31 December 2025 compared with 31 December 2024.
Operating result of Česká spořitelna increased by 5.3% to CZK 33.9bn as operating income went up by 4.7% attributed to higher net interest income and net fee and commission income partly offset by lower trading result; operating expenses grew by 4.0% reflecting higher other administrative expenses and personnel expenses.
Net interest income grew by 5.8% and reached CZK 42.1bn. The development was affected mainly by volume growth of loans supported by positive impact of higher volume of deposits and favourable balance sheet structure. In contrast, there was negative impact of increased minimum reserve requirement. Net interest margin related to interest bearing assets rose to 2.12% (from 2.03%) reflecting development of balance sheet structure.
Net fee and commission income increased by 3.1% to CZK 13.2bn which was caused by securities transactions, mainly due to investments products, especially higher sales of mutual funds accompanied by positive performance effect. The decline in payment transfers reflected extraordinarily high card fees in 2024 ; rise in insurance fees was attributed to both life and non-life insurance products.
Net trading result decreased by 5.2% to CZK 3.2bn which was driven mainly by revaluation of derivatives.
Total operating expenses rose by 4.0% to CZK 25.3bn, mainly influenced by growth of other administrative expenses and personnel expenses. Other administrative expenses (+7.6 %) mainly affected by higher costs of IT and growth in marketing that reflected expenditures connected to 200-year anniversary. Higher salaries and benefits led to rise in personnel expenses of 2.3%. Depreciation remained almost stable. As the consequence of the above-mentioned development, Cost/Income ratio improved to 42.7%.
Impairment result from financial instruments (i.e., creation/release of risk provisions and reserves for loans and advances, guarantees and commitments) recorded creation of CZK 447m.
Gains/losses from derecognition of financial assets measured by amortised costs recorded negative result of CZK 1,345m due to sale of bonds. Other operating result of CZK 1,710m, consisting mainly of other income and costs not directly related to main operating activities of the Group, was influenced by sale of Budějovická Plaza buildings and release of provisions related to legal disputes partly offset by deconsolidation of subsidiary and sale of Reico entity in 2024.
As of 31 December 2025, total consolidated ČS Group assets amounted to CZK 2,038.5bn, which meant a 0.4% increase. On the assets side, the development was driven mainly by loans to customers and loans to banks; cash and cash balances affected by higher minimum reserve requirement. The liability side of balance sheet increased mainly thanks to customer deposits and debt securities partly offset by deposits from banks.
The gross volume of ČS Group customer loans increased by 7.9% to CZK 1,198.6bn. The portfolio of retail loans amounted to CZK 748.5bn, representing increase of 7.8%, driven by private mortgages (+9.9%), consumer lending (+3.0%) and Building Society (+6.9%). The volume of corporate loans grew by 7.6% to CZK 444.4bn attributed to increase in Large corporate (+8.9%), SME (+7.7%), Public Sector (+16.1%) and corporate subsidiaries (+13.8%) , Real Estate down by 1.9%.
Group deposits from customers grew by 3.1% to CZK 1,529.8bn attributed to increase in retail deposits (+2.2% to CZK 1,048.4bn), corporate deposits (+2.1% to CZK 320.9bn) and non-core deposits (+12.7% to CZK 160.6bn). Retail mutual funds increased by CZK 69.4bn (+21.9%) to CZK 385.8bn influenced by rise in net sales accompanied by positive performance effect.
The total capital ratio for Česká spořitelna Group reached 20.0%, well above minimum regulatory capital requirement (16.75%). Total accounting equity declined by 2.8% to CZK 150.5bn, which was affected by repayment of AT1 instrument . As of 31 December 2025, the total number of the ČS Group customers was 4.5m, of which more than 2.6m used digital banking. The overall number of active payment cards issued by ČS increased by 8.5% and reached 4.4m. Thereof credit cards represented 235.6 thousand. The number of Česká spořitelna’s ATMs and transaction terminals decreased by 95 y/y to 1,516.
Read more information in the attached press release.
