Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Komercni Banka May Say Third-Quarter Net Fell on Greek Bonds

Nov. 7 (Bloomberg) -- Komercni Banka AS, the Czech unit of France’s Societe Generale SA, may say third-quarter profit almost halved on losses from Greek government bonds holdings.

Net income for the three months ended Sept. 30 probably was 1.87 billion koruna ($102 million) compared with 3.48 billion koruna a year earlier, according to the median estimate of four analysts in a Bloomberg News survey. The Prague-based lender is due to report results tomorrow.

Komercni, which already took a charge on Greek sovereign bonds in the previous quarter, still had about 5 billion koruna in Greek state papers, Chief Finance Officer Pavel Cejka told newspaper Lidove Noviny on Sept. 22.

The lender may take an impairment charge of about 1.79 billion koruna on Greek state papers, which would reduce Komercni’s Greek holdings by 50 percent, J&T analyst Milan Lavicka wrote in a note to clients. However, it can’t be ruled out that the lender will write down Greek notes only in the fourth quarter, Lavicka said.

To contact the reporter on this story: Lenka Ponikelska in Prague at

To contact the editor responsible for this story: James M. Gomez at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.