Česká spořitelna's loan portfolio has exceeded CZK 1 trillion. The share of non-performing loans remains very low

As at 30th September 2023, Česká spořitelna reported an unaudited consolidated net profit of CZK 14.6 bn, according to the International Financial Reporting Standards (IFRS). Operating result reached CZK 18.6 bn.

“Česká spořitelna's financial and business results remain very good. In the third quarter of 2023, Spořitelna reached a remarkable milestone - the volume of its loan portfolio had exceeded CZK 1 trillion for the first time in its history. What is crucial is that even with the growing volume of financing provided, our portfolio shows excellent health and there has been no increase in the share of non-performing loans. The successful acquisition of Sberbank's loan portfolio, which boosted our credit growth and also helped to strengthen the stability of the domestic banking market, and the forthcoming acquisition of Hello bank's consumer loans has not changed ČS´s risk position. This proves that our strategic concept based on strengthening the financial health of clients is working. However, given the macroeconomic development and the outlook, it is essential that we continue to work consistently to strengthen our own efficiency,“ said Ivan Vondra, Česká spořitelna’s CFO in his reaction to the Bank´s Q1-3 2023 financial results.

You will find more information in the attached press release and presentation.