Komercni Banka, the Czech Republics third largest lender by assets, plans to pay dividends of 60% to 70% of its net profit in the mid-term given that future regulations will not lead to higher capital requirements, the banks CEO Henri Bonnet told Hospodarske Noviny daily. The bank has been paying dividends of between 60% to 80% in recent years. Komercni Banka posted a 38.8% y/y rise in its first-half net profit to CZK 7.6bn (EUR 311.3mn) thanks to lower bad loan provisions and extraordinary items. Komercni Banka is 60.4%-owned by French Societe Generale. |
Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more
The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more
The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more