Profits for KBC bank’s Czech unit CSOB fell 22% to CZK 13.46bn, but bank officials have chalked this up to the extra money made in 2009 by the sale of CSOB’s Slovak division to KCB for CZK 6.8bn. Otherwise, the bank reported underlying net profit of CZK 13bn, a rise of 24%, due primarily to a fall in loan risks.
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Excellent write-up. I certainly love this website.
Thanks!