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Ceska sporitelna's net profit up 4.1 pct at Kc3.13bn in Q1.(Financial report)

Europe Intelligence Wire

| April 30, 2010 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Czech News Agency)

adds more info as of para 6 -------------------- Prague, April 30 (CTK) - Ceska sporitelna, which ranks among the largest Czech banks in terms of the number of clients, saw its consolidated net profit rise by 4.1 percent to Kc3.13bn in Q1, the bank said in a press release today. The bank's operating profit grew by 5.9 percent to Kc6.64bn, the bank said. The economic results were affected by a rise in profit from operating activities, falling costs and a higher number of adjustments to loan risks. Higher operating profit is due to a rise in net profit from business operations, net incomes from fees and commissions and a fall in operating costs, the …

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