Komercni Banka AS (STU:KONN)
€ 32.88 0.28 (0.86%) Market Cap: 6.25 Bil Enterprise Value: 8.52 Bil PE Ratio: 9.81 PB Ratio: 1.27 GF Score: 66/100
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Half Year 2019 Komercni Banka as Earnings Call Transcript

Aug 01, 2019 / 12:00PM GMT
Release Date Price: €33.46 (-2.90%)
Operator

Hello and welcome to Komercní banka Second Quarter 2019 Financial Results Call. My name is Mahan, and I'll be your coordinator for today's event. (Operator Instructions)

I am now handing you over to your host, Jan Juchelka, to begin today's conference. Thank you.

Jan Juchelka;banka
KomercnÃ;a.s. - Chairman of the Board & CEO

­ -

Hello, good afternoon, everybody. It's my pleasure to have you on the line and proudly present with my colleagues from the management team the second quarter and first half results of Komercní banka.

I will jump directly to the presentation, which is, I guess, in front of you. And let me start with the macroeconomic environment in frame if I may, because the country has achieved another very strong quarter with continuous growth of GDP. In the first quarter, we reported 2.8% growth year-over-year and plus 0.6% on a quarter-over-quarter basis. The unemployment remains extremely low, which is pushing back on nominal wages, which was up on year-over-year in the first quarter by 7.4%. House

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