Konsolidacni Banka sees loss
Article Abstract:
Konsolidacni banka (KOB) (Prague, Czech Republic), state bank, will set up a wholly-owned subsidiary named Revitalizacni agentura (RA) (Czech Republic). The subsidiary will have a stock of 100 mil Kc. Programmes on the revitalisation of selected industrial companies in the Czech Republic will be realised through RA. KOB expects a loss of about 7 bil Kc in 1999. Reasons for the loss will be further formation of rectifying items and an increase in risk among problem clients. KOB saw a loss of 14.389 bil Kc in 1998. The company's operating loss amounted to 293 mil Kc in 1998. The bank's final result was influenced mainly by transactions connected with the purchase of the risk credits of Ceska sporitelna (Prague, Czech Republic), the bad payment morality of clients and the formation of high rectifying items in 1998. KOB's balance sum was 141.1 bil Kc at the end of 1998, nearly 9% more compared to 1997.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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An estimate of the future size of the bank set up by the acquisition of Investicni a Postovni Banka by Ceskoslovenska Obchodni Banka
Article Abstract:
>TB Ceskoslovenska obchodni banka (CSOB) (Prague, Czech Republic), bank, estimate of future size after connection with Investicni a Postovni banka (IPB) (Prague, Czech Republic) and comparison with Komercni banka (Prague, Czech Republic). Data is from balance sheets as of 31 December 1999 and is only of an orientation character due to disunited expression according to accounting standards, in bil Kc CSOB IPB New entity Komercni Banka ----------------------------------------------------------------- ToTotal assets 246.6 379.7 626.3 474.8 Bank receivables 115.3 33.2 148.5 148.15 Client receivables 97 177.6 274.6 209.2 Bonds 10 5.7 15.7 12.8 Shares 1.5 1.5 3 1.4 Bank payables 45.4 29.2 74.6 102.6 Client payables 126.5 243.9 370.4 259.2 Released bonds 38.8 14.2 53 30.5 Stock 5.1 13.4 18.5 16.6 >TE
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 2000
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Konsolidacni Banka
Article Abstract:
Konsolidacni banka (KoB) (Prague, Czech Republic), state bank, expects its loss to increase by 10-12 bil Kc in 1999 compared to the planned 7 bil Kc. The growth of the loss was negatively influenced by the taking over of unprofitable credits from Komercni banka (Czech Republic). The step was decided by the Czech government. The bank's economy could be influenced by its participation in the restructuring of some industrial companies. KoB saw a loss of 4.4 bil Kc for the first half of 1999 compared to a loss of 5.3 bil Kc for the same period in 1998. Reasons for the loss for the first half of 1999 are the formation of rectifying items and the bad payment discipline of the bank's clients.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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