Komercni Banka Sees Dividend at 60%-70% of Profit, CEO Tells HN

Komercni Banka AS (KOMB)’s dividend in the medium term may be at 60 percent to 70 percent of net income, Chief Executive Officer Henri Bonnet at the Czech unit of Societe Generale SA said in a Hospodarske Noviny interview.

Czech banks have been increasing holdings of local-currency government bonds because of rising deposits, the country’s improving credit ratings and capital-adequacy regulations that encourage investment in sovereign debt, Bonnet told today’s edition of the Prague-based newspaper.

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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