The Czech daily Lidove noviny reports today that Komercni banka calculated the loss from state-guaranteed loans at CZK 6.5bn in March 2003. Out of this CZK 6.3bn will be covered by the state bailout agency, the CKA.
The total loss, which we estimate at most at 10bn, will be known at the end of 2003; the CKA will cover 95% of it. The above is not new information and is largely neutral.
Jan Hájek