The following text is a full version of a press release of :
wishes to publish this press release in view of the current situation on financial markets and the media’s many questions about KB’s position.
is strong and stable. has no significant exposure to risky securities, which might have an impact on the bank’s results. will publish its results on 7 November 2008. KB’s liquidity is at an excellent level. The bank is not registering any outflow of clients’ deposits. On the contrary, the volume of deposits is increasing year on year, and the bank has significantly more deposits than loans.
As at 30 June 2008 the key ratio, capital adequacy, of the entire Group was the best among major Czech banks: it was 12.5% compared to the minimum required 8% and from this perspective is one of the best banks in Europe. KB’s 3Q results, which will be published on 7 November, will confirm the favourable trend in the bank’s finances as reported already in the first half of this year and will also confirm the bank's strong position. mentions in its press release of 13 October 2008 that it has not experienced any significant losses on its structured product activities, which would necessitate a recapitalisation of any kind.