Komercni Banka Snaps Three-Day Rout on Greek Accord Speculation

Komercni Banka AS (KOMB), the Czech unit of Societe Generale SA that last year took impairment charges on its holdings of Greek government bonds, snapped a three-day rout amid speculation Greece will secure a bailout.

The stock jumped as much as 3.1 percent and traded up 2 percent to 3,661.5 koruna by 9:47 a.m. in Prague. The Czech Republic’s PX (PX) gauge of companies, where Komercni Banka has a 17 percent weighting, advanced 1.3 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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