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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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