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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

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Air Bank’s profit up 35% to CZK 215.6 million in 1H 2015 08/12/2015

Air Bank’s profit up 35% to CZK 215.6 million in 1H 2015
08/12/2015