Air Bank’s profit up 35% to CZK 215.6 million in 1H 2015
08/12/2015
Unaudited consolidated results of Air Bank a.s. as at 30 June 2015 according to IFRS:
Air Bank’s profit up 35% to CZK 215.6 million in 1H 2015
This year, Air Bank again performed very well in both operational and financial terms. In the first half of 2015, the bank’s net consolidated profit rose 35% to CZK 215.6 million. The bank also acquired new clients at a fast pace, and the volume of both deposits and loans increased.
As at the end of June 2015, the number of Air Bank’s clients rose 38% year-on-year to 366,000. The number of open current accounts increased by 57% to 332,000 and the number of savings accounts grew by 30% to 245,000.
Air Bank’s total assets increased by 21% year-on-year to CZK 68.5 billion. The volume of deposits in clients’ current and savings accounts rose 23% year-on-year to CZK 61.4 billion. Total loans in Air Bank’s portfolio increased by 2% to CZK 25.4 billion. The bank’s equity grew 8% to CZK 4.8 billion.
30 June 2014 |
30 June 2015 |
YoY change |
|
Consolidated profit |
CZK 159.7 m |
CZK 215.6 m |
35% |
Number of clients |
265,873 |
366,163 |
38% |
Number of current accounts |
211,233 |
331,899 |
57% |
Number of savings accounts |
188,585 |
245,418 |
30% |
Volume of deposits |
CZK 50.1 bn |
CZK 61.4 bn |
23% |
Volume of loans |
CZK 24.9 bn |
CZK 25.4 bn |
2% |
Total assets |
CZK 56.6 bn |
CZK 68.5 bn |
21% |
Equity |
CZK 4.4 bn |
CZK 4.8 bn |
8% |
Number of employees |
522 |
646 |
24% |
Number of branches |
24 |
26 |
+2 |
Number of ATMs |
50 |
57 |
+7 |