KB presents audited 2000 IAS results and business outlook today

Komercni banka will present its audited 2000 IAS results today at 1:30 PM CET. Given that some selected preliminary 2000 figures were released in February (after-tax loss of CZK 19 mil., on total net income of CZK 21.5 bil.), the detailed P&L figures should not be particularly revealing. More interesting will be information on KB’s balance sheet, especially on its loan book and provisions. Even more interesting might be the possible comments by management regarding the business outlook for this year. We do not expect to hear anything new about KB privatization at the presentation today.

Separately, KB shareholders approved at yesterday’s AGM a stock-option plan for board members. They can buy KB’s stock from the bank at CZK 500 per share and can sell it back at a guaranteed CZK 1,000 per share.

(Ondřej Daťka)