Komercni banka, a.s. (KMERF) has released an update.
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Komercni banka, a.s. has reported a customer base increase and a rise in client assets under management for the first half of 2024, despite a year-on-year drop in net profit by 21.5%. The bank is streamlining its branch network, expanding digital banking, and strengthening its position in corporate client services through a planned acquisition. However, the bank’s financial performance was impacted by intense deposit market competition and a subdued investment loan market.
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