Komerční banka reported a net profit of CZK 8.5 billion for the first half of the year, down 3.3 percent year-on-year. Erste Group is publishing its half-year results this morning and at the same time refining its ambitious strategic targets through 2030 — it wants to double earnings per share to EUR 15. The Prague Stock Exchange strengthened on Wednesday, with the PX index gaining 0.41 percent. Olma reported a 35 percent decline in net profit, but revenues reached a record high of nearly CZK 4.9 billion.
Komerční banka's net profit fell 3.3 percent to CZK 8.5 billion in the first half of this year. Operating profit rose 5.8 percent to CZK 10 billion, while operating revenues increased 1.8 percent to CZK 18.5 billion. The bank, majority-owned by France's Société Générale, published the unaudited consolidated results today.
Česká spořitelna's net profit grew 11.7 percent year-on-year to CZK 14.3 billion in the first half of this year. Operating profit rose 12.4 percent to CZK 18.1 billion.
Erste Group is publishing its results for the second quarter and first half of 2026 this morning. The bank also refined its strategic targets through 2030 — it wants to double earnings per share to more than EUR 15 and achieve a return on tangible equity of over 20 percent. Erste's management is discussing the details on today's conference call. The acquisition of Poland's Santander Bank Polska, renamed Erste Bank Polska, makes Erste Group a regional leader in Central European banking.
The Prague Stock Exchange strengthened on Wednesday. The PX index rose 0.41 percent to 2,683.62 points. The exchange was lifted primarily by gains in shares of banking group Erste and energy company ČEZ.
Olomouc-based dairy producer Olma reported a 35 percent decline in net profit last year, yet achieved record revenues of nearly CZK 4.9 billion. The company's results were hit by more expensive milk and other raw materials, whose price increases could not be fully passed on to selling prices. The company is looking for ways to improve margins through optimization of its production portfolio and savings in operating costs.
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