Czech banking sector’s profit increases to CZK 50.99bn

Published: 19.12.2021 Related countries:  U.S.A. U.S.A.

As of September 30, 2021, banks active in the Czech Republic posted an after-tax profit for the ordinary accounting period in the amount of CZK 50.99bn.

One year earlier, it totalled CZK 38.63bn. Profit from finance and operating activities totalled CZK 132.8bn (September 2020: CZK 136.9bn). Interest income amounted to CZK 125.62bn, while income from fees and commissions totalled CZK 35.97bn, according to figures published by the Czech National Bank (ČNB). The number of banks and foreign-bank branches active in the Czech Republic dropped by three year on year to 46. Their assets increased from CZK 8.76tn to CZK 8.94tn.

Source. CIA News, www.cianews.cz.

Prepared by the team of CzechTrade office in New York.