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Komercni Banka A.S.

Investor Presentation • Sep 30, 2015

1043_10-q_2015-09-30_ed3bc2ab-fa4c-4ae8-b93f-da760b1bd96f.pdf

Investor Presentation

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Komerční banka Group

Financial results as of 30 September 2015

According to International Financial Reporting Standards, consolidated, unaudited

Prague, 5 November 2015

Disclaimer

This document contains a number of forward-looking statements relating to the targets and strategies of the Komerční banka Group. These statements are based on a series of assumptions, both general and specific. As aresult, there is a risk that these projections will not be met. Readers are therefore advised not to rely on these figures more than is justified as the Group's future results are liable to be affected by a number of factors and may therefore differ from current estimates.

Readers are advised to take into account factors of uncertainty and risk when basing their investment decisions on information provided in this document.

Results and ratios in this presentation are as of 30 September 2015, unless stated otherwise.

Komerční banka, a.s., public limited company with registered office: Prague 1, Na Příkopě 33/ 969; identification number: 45 31 70 54; registered in the Commercial Register maintained by the Municipal Court in Prague, Section B, file 1360

Agenda

4
1
0
1
9
2
2

GDP boosted in 2015 by EU funds, domestic inflationary factors offset by global ones

  • Czech GDP in 2Q15 growing above trend at +4.6% YoY, +1.1% QoQ
  • Strong domestic investment activity, housing market recovery, increasing household disposable income, fiscal stimulus and accelerated tapping of outstanding EU funds
  • Retail sales rose 4.4%, industrial production +6.3%, construction +4.7% (all in August, YoY)
  • Rapidly declining unemployment to 6.0% in September (-1.3 p.p. YoY), starting to generate wage-growth pressures
  • CPI in September +0.4% YoY, below CNB prognosis, but mainly due to lower oil prices, while "core" inflation already increasing
  • CNB commitment to keep CZK close to 27 to the euro until at least 2H 2016 maintained
  • CZK yields reflecting developments in EUR

Source: CSO, 2015−2016* KB Economic & Strategy Research forecast

Strong economy pushing up "core" inflation*

4

Komerční banka in the three quarters of 2015

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  • Significant drop in number of malware and phishing attacks thanks to new protection of client devices provided for free by KB by an IBM tool
  • KB the first bank to participate in a new scheme of European Investment Bank supporting energy efficiency investments mainly of SMEs
  • KB launched a new fund for clients dedicated to investments in real estate
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* Adjusted for deconsolidation of the Transformed Fund

Selected deals of the third quarter of 2015

6

Dynamic growth of lending

  • Gross loans up 8.0% YoY, +2.8% QoQ
  • Group housing loans +9.2% YoY. Growth in mortgage lending accelerated to +13.4% YoY (to CZK 176.1 billion). Decline in the volume of Modrápyramida's loan portfolio slowing down (-7.1% YoY to reach CZK 36.7 billion), new sales picked up
  • Consumer loans (KB + ESSOX) up by 4.0% YoY to CZK 30.1 billion. KB's market share improving thanks to simplified granting procedures and ongoing investments in sales capabilities and advisory skills of relationship managers
  • Business loans up 7.8% YoY, of which:
  • Small businesses (KB) +6.5% to CZK 30.1 bil.
  • Corporations (incl. Factoring KB) +7.9% to CZK 233.5 billion
  • SGEF (leasing) +8.5% to CZK 23.6 billion

Sales volume of mortgages to individuals

CZK million

7

Deposits and other assets under management

Mild growth in total assets Group depositsunder management

  • Standard Group deposits (excluding repo) grew by +4.6% YoY to CZK 653.0 billion, +1.1% QoQ
  • Deposits from business clients +4.0% YoY to CZK 389.0 billion
  • KB (bank) deposits from individuals +9.6% YoY to CZK 189.6 billion
  • MPSS deposits down 3.4% YoY to CZK 69.3 billion
  • Current accounts +9.7% to CZK 445.6 billion, term and savings accounts -4.5% YoY to CZK 189.5 billion
  • Clients' pension assets grew +11.3% YoY to CZK 44.0 bil. (o/w Transformed Fund, deconsolidated since 1Q 2015, +9.1% to CZK 42.3 billion)
  • KP life insurance technical reserves rose by 5.6% YoY to CZK 44.1 billion
  • AUM in mutual funds (sold by KB+MPSS) increased by 21.4% YoY to CZK 43.3 billion

CZK billionOther assets under management

  • Client assets managed by KB Penzijní společnost
  • KP life insurance technical reserves

Agenda


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Note: * On the same consolidation basis, ie. adjusted for deconsolidation of the Transformed Fund. (The provision charge for estimatedcontribution for 2015 to the Bank Resolution Fund recognised in OPEX in 2Q 2015 in the amount of CZK 409 million remains included).

Since 1 January 2015, the results of Transformed Fund (TF) managed by KB Penzijní společnost, a.s., have been deconsolidated from theconsolidating group of Komerční banka. See slides nr. 23 and 24 for overview of the development of KB's financial statements on the like-for-likeas well as reported basis.

Size of the balance sheet driven mainly by development of business

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%		 2.
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%
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%
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9
9
4		 1.
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%		 3.
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%
-

Note: * Adjusted for deconsolidation of the Transformed Fund. As of 1 January 2015, the Transformed Fund (TF) managed by KB Penzijní společnost, which gathers the funds of supplementary pension insurance with government contribution, was deconsolidated from the consolidating group of Komerční banka. The fund continues to be administrated by KB Penzijní společnost, a fully owned subsidiary of Komerční banka, whose own consolidation has not changed.

The deconsolidation of TF follows approval of a pertinent change in the Statutes of TF by CNB with effective date 1 January 2015. That change limits the discretion of KB Penzijní společnost for investments in variable income instruments (such as equity, real estate, etc.)Therefore, the probability of triggering the generic legal guarantee of KB with regard to potential negative annual yield of TF has beenreduced. The three elements of control which must be met according to IFRS 10 in order to consolidate an entity in the parent's financial statements were not proven from that date.

Equity driven by net profit, dividends and revaluation of IR hedging instruments

D
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6

1) Influenced by deconsolidation revaluation differences pertaining to the Transformed fund (CZK 1,427 mil. in AFS revaluation reserveand CZK 61 mil. in cash flow hedge as of 31 December 2014)

2) Group shareholders' equity excluding minority equity, cash flow hedging and revaluation of AFS securities

As of 30 September 2015, CZK -2,567 million was transferred from Other comprehensive income (Cash flow hedging) to Net profit (net of tax)

Solid capital and liquidity

K
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-

1) As part of gradual phase-in of Basel III rules, the regulatory capital from 1 January 2015 newly includes a part of the AFS revaluation reserverelated to disposable securities in AFS portfolio. As a result, Total capital and Core Tier 1 adequacy is higher by 48 bps as of 30 September2015

2) Adjusted for deconsolidation of the Transformed Fund

13

3) Adjusted ROAE is computed as net profit attributable to equity holders divided by (average Group shareholders' equity w/o minority equity, cash flow hedging and revaluation of AFS securities)

Rising business volumes offset margin compression

  • NII adjusted for impact of deconsolidation of Transformed Fund almost stable -0.4% YoY in 9M 2015, in 3Q 2015 increased by 0.2% QoQ
  • NII from loans – rising due to growing volumes. Some decline in spreads in retail lending except for stable mortgages
  • NII from deposits – down because of diminishing yields from reinvesting deposits, in spite of long-term hedging policy and growth in volume
  • NII from other – gradual decrease in yield from reinvestment of capital moderated by long-term investment policy
  • The net interest margin stable over the three quarters of 2015 (at 2.47%). Adjusted NIM for 9M 2014 was at2.62%

CZK million

OtherNII from loansNII from depositsNII from IB

Positive trend of client activity, expected hit from regulatory cut in interchange fees

  • Like-for-like NFC in 9M 2015 declined by 1.9% YoY, 3Q15 down -4.4% QoQ influenced by summer seasonality
  • Deposit product fees – stabilising as majority of clients already adopted packages providing rewards for activity (MojeOdměny)
  • Loan fees – down, even if lending expanded, as the share of loans that does not charge administration fees increases, and higher commissions were paid out reflecting strong mortgage sales
  • Fees from cross-selling – up due to growth in the volumes of client savings in mutual funds, life insurance policies as well as pension funds
  • Transaction fees – gains in transaction activity, particularly in the number of card transactions. Pushed down by bigger share of transactions included in account packages, and clients also prefer lower-priced direct banking channels
  • Other fees – solid activity in structured financing, private banking and other services for corporations

15

Solid customer activity, lower spreads

  • Net profit from financial operations in 9M 2015 increased by 6.6% YoY, in 3Q 2015 up by 0.3% QoQ
  • Solid demand for financing and hedging solutions from corporate clients driven by improved economic activity
  • KB active in structured financing and bond issuance for clients
  • Growing trading volume through the new eTrading platform for FX trades and term deposits
  • Continuing pressure on average FX spreads from payments due to preference of cheaper payment and conversion methods, as well as intense competition
  • Income from FX payments and conversions positively influenced in Q3 by tourist season
  • IR spreads affected by extremely low interest rates

Operating expenditures

Underlying operating costs slightly down

  • OPEX in 9M 2015 excluding the provision for Resolution fund1 declined by 0.4% YoY. 3Q15 excl. Resolution down 0.6% QoQ
  • Reported OPEX in 9M 2015 +3.8% YoY. In 3Q 2015 -11.8% QoQ
  • Personnel costs in 9M 2015 rose by 0.5% YoY. Average staff level declined by 1.4%
  • Underlying GAE down 2.1% YoY, GAE including Resolution levy +10.7% YoY. The Group reinforced its IT support; savings achieved in remaining main costcategories
  • Depreciation & Amortisation flat (+0.1% YoY)

1) Note: provision of CZK 409 million created in 2Q15 in GAE for estimated amount of the Group's 2015 duty toward the Banks Resolution Fund.

Agenda


B
i
l
t
s
n
e
s
s
r
e
s
s
u
u		 4

F
i
i
l
l
t
n
a
n
c
a
r
e
s
s
u		 1
0

f
i
i
f
i
L
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d
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a
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p
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a
a
n
c
o
s
o
r
s
u
y		 1
9

A
d
i
p
p
e
n
x		 2
2

Exposure growth with persisting good loan quality

  • Loan exposure +7.9% YoY, QoQ +2.8%
  • LUSR exposure down to 4.5% (5.5% in 3Q 2014) and NPL exposure down to 3.2% (4.1% in 3Q 2014) driven by strong exposure growth, successful recovery and write-off of one legacy case
  • Provision coverage ratio for LUSR portfolio down to 64.6% (67.9% in 3Q 2014), slightly up QoQ
  • Provision coverage for NPL portfolio down to 77.9% (82.1% in 3Q 2014) driven by write-off of one legacy case

Specific provisions

Recurrent Cost of Risk remains at low level

  • Cost of Risk in 9M 2015 decreased by 59% YoY
  • Cost of Risk declined to 11 bps in 9M 2015 (v. 30 bps in 9M 2014) as a result of persisting lownumber of new defaults and successful recovery
  • 3Q 2015 Cost of Risk influenced by upgrade of Retail provisioning model impacting noncommercial Cost of Risk and by regular model recalibration impacting Retail commercial Cost of Risk
  • YoY decrease in Retail Cost of Risk driven by both Individuals (8 bp in 9M 2015 vs. 25 bps in 9M 2014) and Small Business (56 bps in 9M 2015 vs. 122 bps in 9M 2014)
  • Cost of Risk on Corporates down to -1 bps in 9M 2015 from 22 bps in 9M 2014 thanks to low number of new defaults and successful recovery

Total Cost of Risk(Year-to-date, in basis points)

Agenda


A
d
i
p
p
e
n
x		 2
2

f
f
L
l
i
l
i
d
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t
t
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a
n
p
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q
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a
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a
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c
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s		 1
9

F
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a
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s
s
u		 1
0

B
i
l
t
s
n
e
s
s
r
e
s
s
u
u		 4

Number of clients and distribution network

  • KB Group's 2.5 million clients, of which
  • KB bank 1,642,000 clients (+1%)
  • MPSS 525,000 clients (-6%)
  • KBPS 547,000 clients (-2%)
  • ESSOX 234,000 active clients (-16%)
  • Network
  • 396 branches for retail clients, 10 corporate divisions and 4 divisions for large corporate clients in CZ, 1 in Slovakia
  • 766 ATMs
  • MPSS: 217 points of sale; approx. 1,000 sales agents
  • SGEF: 6 branches in CZ, 2 in Slovakia
  • Direct Channels
  • 1,326,000 clients (i.e. 81% of KB client base) using direct banking channels
  • Two call centres, internet and mobile banking

Number of bank clients (ths., CZ)

Number of clients – Direct Channels

(% share of bank's client base)

Consolidated income statement – reported and like-for-like

P
f
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O
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D
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O
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1.
8
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-
G
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3
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-		 2.
2
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-		 9.
2
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C
f
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%		 n.
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o
p
e
r
a
n
g
n
c
o
m
e		 4,
1
5
4		 4,
0
2
8		 3,
8
6
8		 3,
9
1
3		 5.
8
%
-		 2.
9
%
-		 1.
2
%
P
f
i
b
i
d
i
i
d
i
t
t
r
o
o
n
s
u
s
a
r
e
s
a
n
a
s
s
o
c
a
e
s		 4
8		 4
8		 4
7		 3
1		 -3
4
%
5.		 -3
4
%
5.		 -3
4.
0
%
S
h
f
f
i
f
i
h
b
f
i
i
i
t
a
r
e
o
p
r
o
o
p
e
n
s
o
n
s
c
e
m
e
e
n
e
c
a
r
e
s		 -1
1
5		 0 0 0 n.
a.		 n.
a.		 n.
a.
f
i
f
i
P
b
t
t
r
o
e
o
r
e
n
c
o
m
e
a
e
s
x		 4,
0
8
7		 4,
0
7
6		 3,
9
1
5		 3,
9
4
4		 3.
5
%
-		 3.
2
%
-		 0.
7
%
I
t
n
c
o
m
e
a
e
s
x		 -7
2
9		 -7
1
8		 -6
3
7		 -6
0
5		 -1
7.
0
%		 -1
5.
7
%		 -5
0
%
N
f
i
t
t
e
p
r
o		 3,
3
5
8		 3,
3
5
8		 3,
2
7
8		 3,
3
3
9		 0.
6
%
-		 0.
6
%
-		 1.
9
%
f
/
(
)
M
i
i
i
l
t
t
n
o
r
p
r
o
o
s
s
y		 9
0		 9
0		 9
4		 9
4		 4.
4
%		 4.
4
%		 0.
0
%
f
N
i
i
b
b
l
i
h
l
d
t
t
t
t
t
t
t
e
p
r
o
a
r
a
e
o
e
q
o
e
r
s
u
u
y		 3,
2
6
8		 3,
2
6
8		 3,
1
8
4		 3,
2
4
5		 0.
7
%
-		 0.
7
%
-		 1.
9
%

Consolidated income statement and balance sheet per quarters of 2014 in the format as reported and adjusted for the effects of deconsolidation of the Transformed Fund are available at www.kb.cz/en/about-the-bank/investor-relations

Consolidated balance sheet – reported and like-for-like

S
B
l
h
t
a
a
n
c
e
e
e		 3
0
S
e
p
2
0
1
4		 3
0
S
e
p
2
0
1
4		 3
1
D
e
c
2
0
1
4		 3
1
D
e
c
2
0
1
4		 3
0
S
e
p
2
0
1
5		 C
h
a
n
g
e
Y
Y
o		 C
h
a
n
g
e
Y
d
t		 C
h
a
n
g
e
Y
Y
o		 C
h
a
n
g
e
Y
d
t
(
C
Z
K
i
l
l
i
d
i
d
)
t
m
o
n,
u
n
a
u
e		 R
d
t
e
p
o
r
e		 P
f
r
o
o
r
m
a		 R
d
t
e
p
o
r
e		 P
f
r
o
o
r
m
a		 R
d
t
e
p
o
r
e		 R
e
p		 d
t
o
r
e		 L
i
k
f
e-		 l
i
k
o
r-
e
A
t
s
s
e
s		 9
1
4,
6
2
4		 8
7
4,
9
6
7		 5
9
3,
2
6
1		 9
1
1,
8
2
9		 9
1
1,
3
0
2		 0.
4
%
-		 4.
4
%
-		 4.
2
%		 0.
1
%
-
C
h
d
b
l
i
h
l
b
k
t
t
a
s
a
n
a
a
n
c
e
s
c
e
n
r
a
a
n
w		 6
7,
6
5
3		 6
7,
6
5
3		 1
5
2,
9
0
3		 1
5
2,
9
0
4		 1
4
1,
4
8
7		 1
0
9.
1
%		 -7
5
%		 1
0
9.
1
%		 -7
5
%
A
d
f
b
k
t
m
o
u
n
s
u
e
r
o
m
a
n
s		 1
3
3,
8
2
0		 1
3
3,
1
4
4		 9,
6
9
9
5		 9,
2
9
5
7		 8,
6
6
5
7		 6.
2
%
-5		 -1
%
7		 9
%
-5
5.		 -1
0
%
(
)
L
d
d
t
t
t
o
a
n
s
a
n
a
a
n
c
e
s
o
c
s
o
m
e
r
s
n
e
v
u		 4
7
5,
5
2
2		 4
7
5,
5
2
2		 4
9
4,
7
0
6		 4
9
4,
7
0
6		 5
1
7,
6
6
6		 8.
9
%		 4.
6
%		 8.
9
%		 4.
6
%
S
i
i
d
d
i
d
i
i
t
t
t
e
c
u
r
e
s
a
n
r
a
n
g
e
r
v
a
v
e
s		 1
9
1,
5
0
9		 1
5
2,
2
8
1		 1
9
5,
9
2
7		 1
5
4,
5
8
3		 1
4
6,
0
6
8		 -2
3.
7
%		 -2
5.
4
%		 -4
1
%		 -5
5
%
O
h
t
t
e
r
a
s
s
e
s		 4
6,
1
2
0		 4
6,
3
6
7		 0,
0
2
6
5		 0,
3
5
5
7		 4
4
0
7,
5		 2.
8
%		 2
%
-5		 2.
2
%		 9
%
-5
L
i
b
i
l
i
i
d
h
h
l
d
'
i
t
t
a
e
s
a
n
s
a
r
e
o
e
r
s
e
q
u
y		 9
1
4,
6
2
4		 8
7
4,
9
6
7		 5
9
3,
2
6
1		 9
1
1,
8
2
9		 9
1
1,
3
0
2		 0.
4
%
-		 4.
4
%
-		 4.
2
%		 0.
1
%
-
A
d
b
k
t
t
m
o
n
s
e
o
a
n
s
u
u		 5
0,
1
0
3		 5
0,
1
0
3		 6
1,
3
6
1		 6
1,
3
6
0		 5
3,
3
1
4		 6.
4
%		 -1
3.
1
%		 6.
4
%		 -1
3.
1
%
A
d
t
t
t
m
o
u
n
s
u
e
o
c
u
s
o
m
e
r
s		 6
9,
0
0
2
7		 6
4
0,
6
2
5		 0
1,
8
6
7
7		 6
6
1,
0
3
7		 6
6
9,
2
6
1		 -1
4
%		 -4
6
%		 4.
%
5		 1.
1
%
S
i
i
i
d
t
e
c
r
e
s
s
s
e
u
u		 2
1,
5
9
3		 2
1,
5
9
3		 2
2,
5
8
4		 2
2,
5
8
4		 2
3,
0
7
9		 6.
9
%		 2.
2
%		 6.
9
%		 2.
2
%
O
h
l
i
b
i
l
i
i
t
t
e
r
a
e
s		 5
9,
7
7
6		 5
9,
8
4
8		 5
7,
9
5
6		 5
8,
1
7
6		 6
1,
6
5
6		 3.
1
%		 6.
4
%		 3.
0
%		 6.
0
%
S
h
h
l
d
'
i
t
a
r
e
o
e
r
s
e
q
u
y		 1
0
4,
1
0
5		 1
0
2,
1
7
7		 1
0
9,
4
9
4		 1
0
8,
0
0
6		 1
0
3,
9
9
4		 -0
1
%		 0
%
-5		 1.
2
%		 -3
%
7

KB consolidated group

P
i
e
n
s
o
n
i
n
s
u
r
a
n
c
e		 í
K
B
P
i
j
e
n
n
z
l
č
t
s
p
o
e
n
o
s
(
1
0
0
%
)		 f
f
(
f
)
f
M
T
d
F
d
i
d
i
h
5
4
7,
0
0
0
l
i
d
t
t
t
a
n
a
g
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m
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n
c
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m
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a
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u
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C
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2
d
d
3
d
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p
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u
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n
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s
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m
B
i
l
d
i
u
n
g
i
t
s
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c
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y		 M
d
á
i
d
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p
y
r
a
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a
b
í
ř
i
l
t
t
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a
v
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n
s
p
o
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n
a
(
)
1
0
0
%		 l
b
i
l
d
i
i
b
k
d
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l
l
i
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l
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d
#
3
5
2
5,
0
0
0
t
t
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t
a
r
g
e
s
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s
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v
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a
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c
c
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r
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a
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c
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a
n
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d
i
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b
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k
1,
0
0
0
t
t
t
t
t
t
a
p
p
r
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x
m
a
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s
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w
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C
o
n
s
u
m
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d
i
t
c
r
e		 S
S
O
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X
(
0.
9
3
%
)
5		 C
d
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d
f
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3
b
k
l
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#
o
n
s
u
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c
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a
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C
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R
b
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a
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K
č
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(
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4
9
%
p
o
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a
v		 f
f
U
i
l
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s
a
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c
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c
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p
a
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c
s
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e
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s
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a
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c
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v
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u
u
C
t
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r
p
o
r
a
e
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s
e
r
v
c
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s		 K
B,
b
h
i
r
a
n
c
n
S
l
k
i
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v
a
a		 K
B
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b
h
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S
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F
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(
)
1
0
0
%		 C
2
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#
t
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(
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R
b
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5
0.
1
%
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p
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u		 L
d
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f
b
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d
f
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C
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R
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Business performance of subsidiaries 1/2

9
M
2
0
1
4		 9
M
2
0
1
5		 C
h
a
n
g
e
Y
Y
o
M
P
S
S		 (
C
)
V
l
f
l
Z
K
i
l
l
i
o
m
e
o
n
e
o
a
n
s
m
o
n
u
w		 2,
3
8
5		 4,
3
0
9		 8
1
%
V
l
f
l
l
(
C
Z
K
i
l
l
i
)
t
t
o
u
m
e
o
o
a
o
a
n
s
g
r
o
s
s,
m
o
n		 3
9,
5
5
3		 3
6,
7
4
9		 7
%
-
(
C
)
V
l
f
d
i
Z
K
i
l
l
i
t
o
u
m
e
o
e
p
o
s
s
m
o
n		 1,
8
7
7
5		 6
9,
3
1
9		 3
%
-
N
b
f
l
i
t
m
e
r
o
c
e
n
s
u		 1
9
5
5
7,
5		 2
4,
8
5
5
7		 6
%
-
A
b
f
F
T
E
v
e
r
a
g
e
n
u
m
e
r
o
s		 3
4
1		 3
3
2		 3
%
-
N
b
f
i
f
l
t
m
e
r
o
p
o
n
s
o
s
a
e
u		 2
0
9		 2
1
7		 4
%
S
K
B
P		 N
b
f
t
t
u
m
e
r
o
n
e
w
c
o
n
r
a
c
s		 2
0,
4
1
8		 1
8,
6
7
1		 9
%
-
f
N
b
l
i
t
u
m
e
r
o
c
e
n
s		 6
6
5
5
7,
5		 4
4
0
0
5
7,		 2
%
-
(
C
)
A
d
Z
K
i
l
l
i
t
t
s
s
e
s
n
e
r
m
a
n
a
g
e
m
e
n
m
o
n
u		 3
9,
3
0
5		 4
3,
9
8
9		 1
1.
3
%
f
h
i
h
i
T
f
d
f
d
o
w
c
n
r
a
n
s
o
r
m
e
u
n		 3
8,
7
8
2		 4
2,
3
1
2		 9.
1
%
A
b
f
F
T
E
e
r
a
g
e
n
m
e
r
o
s
v
u		 4
9		 4
7		 4
%
-
S
S
E
O
X		 V
l
f
(
C
Z
K
i
l
l
i
)
t
t
o
m
e
o
n
e
c
o
n
r
a
c
s
m
o
n
u
w		 3,
2
5
4		 3,
1
6
6		 3
%
-
f
(
C
)
V
l
l
l
Z
K
i
l
l
i
t
t
o
u
m
e
o
o
a
o
a
n
s
g
r
o
s
s,
m
o
n		 9,
6
6
4		 9,
1
0
8		 6
%
-
N
b
f
i
l
i
t
t
m
e
r
o
a
c
e
c
e
n
s
u
v		 2
6,
6
7
7
5		 2
3
3,
6
0
2		 1
6
%
-
A
b
f
F
T
E
v
e
r
a
g
e
n
u
m
e
r
o
s		 3
4
6		 3
3
9		 2
%
-

Business performance of subsidiaries 2/2

9
M
2
0
1
4		 9
M
2
0
1
5		 C
h
a
n
g
e
Y
Y
o
F
i
t
a
c
o
r
n
g
K
B		 F
i
(
C
Z
K
i
l
l
i
)
t
t
a
c
o
r
n
g
u
r
n
o
v
e
r
m
o
n
f
f
(
C
)
V
l
l
i
i
Z
K
i
l
l
i
t
t
o
u
m
e
o
o
a
n
a
n
c
n
g
g
r
o
s
s,
m
o
n
A
b
f
F
T
E
e
r
a
g
e
n
m
e
r
o
s
v
u		 2
4,
7
7
4
9
9
3
5,
4
2		 2
6,
1
9
1
8
5,
5
5
4
3		 6
%
2
%
-
2
%
K
P		 f
(
C
)
V
l
h
i
l
Z
K
i
l
l
i
t
o
u
m
e
o
e
c
n
c
a
r
e
s
e
r
v
e
s
m
o
n
(
C
)
P
i
i
Z
K
i
l
l
i
t
t
r
e
m
m
r
e
n
m
o
n
u
w
f
h
i
h
i
l
i
f
i
o
c
n
e
n
s
r
a
n
c
e
w
u
f
h
i
h
i
l
i
f
i
o
c
n
n
o
n-
e
n
s
r
a
n
c
e
w
u
A
b
f
F
T
E
v
e
r
a
g
e
n
u
m
e
r
o
s		 4
1,
2
6
7
8,
1
4
7
8,
4
2
5
2
8
9
1
5
8		 4
4,
0
8
7
3
2
1
5,
0
2
4
5,
2
9
7
1
6
8		 6
%
3
9
%
-
4
0
%
-
3
%
6
%
S
G
E
F		 f
f
(
C
)
V
l
i
i
Z
K
i
l
l
i
o
u
m
e
o
n
e
w
n
a
n
c
n
g
m
o
n
f
f
(
C
)
V
l
l
i
i
Z
K
i
l
l
i
t
t
o
u
m
e
o
o
a
n
a
n
c
n
g
g
r
o
s
s,
m
o
n
A
b
f
F
T
E
e
r
a
g
e
n
m
e
r
o
s
v
u		 6,
3
2
2
2
1,
8
7
7
1
1
8		 7,
9
3
7
2
3,
6
2
3
1
2
1		 2
6
%
8
%
3
%

Securities portfolio in the banking book

As of 30 September 2015

CZK billion

Foreign sovereign exposure

Measurement at [1] fair value; [2] amortised cost

Macroeconomic environment – Czech Republic

i
i
M
I
d
t
a
c
r
o
e
c
o
n
o
m
c
n
c
a
o
r
s		 2
0
1
1		 2
0
1
2		 2
0
1
3		 2
0
1
4		 2
0
1
5
*		 2
0
1
6
*
G
(
)
R
l
D
P
%
e
a
a
v
e
r
a
g
e
,		 2
0		 0
8
-		 0
5
-		 2
0		 4
2		 2
8
I
f
l
i
(
)
%
t
n
a
o
n
a
e
r
a
g
e
v
,		 1
9		 3
3		 1
4		 0
4		 0
5		 1
6
H
h
l
d
i
(
)
%
t
o
s
e
o
c
o
n
s
m
p
o
n
a
e
r
a
g
e
u
u
v
,		 0
3		 1
5
-		 0
7		 1
5		 3
2		 2
9
(
S
)
U
l
%
M
L
A
h.
t
t
n
e
m
p
o
y
m
e
n
a
v.
m
e
,
,		 6
6		 6
8		 8
7		 6
7		 6
5		 6
0
(
)
M
2
%
a
v
e
r
a
g
e
,		 3
4		 6
0		 4
6		 4
3		 6
0		 6
1
O
(
)
3
M
P
R
I
B
R
%
a
e
r
a
g
e
v
,		 1
2		 1
0		 0
5		 0
4		 0
3		 0
3
P
i
l
f
h
k
**
t
t
t
t
o
e
n
a
o
e
m
a
r
e		 2
0
1
1		 2
0
1
2		 2
0
1
3		 2
0
1
4		 5
*
2
0
1		 *
2
0
1
6
L
/
G
D
P
(
d
)
o
a
n
s
e
a
r-
e
n
y		 5
7
3		 5
8
4		 6
1
7		 6
1
8		 6
2
9		 6
3
7
/
G
(
)
R
l
l
D
P
d
t
t
e
a
e
s
a
e
o
a
n
s
y
e
a
r-
e
n		 1
9
2		 2
0
0		 2
0
9		 2
1
1		 2
1
6		 2
2
4
/
G
(
)
D
i
D
P
d
t
e
p
o
s
s
e
a
r-
e
n
y		 2
7
5		 4
7
7		 8
1
9		 8
0
6		 9
2
7		 9
3
7
/
G
H
h
l
d
l
D
P
(
d
)
o
s
e
o
o
a
n
s
e
a
r-
e
n
u
y		 2
5
1		 2
5
9		 2
6
8		 2
6
8		 2
7
6		 2
8
4

* KB estimate

** Banking sector, year end

Interest rates evolution

(for the period 1 January 2005 – 29 October 2015)

Development of KB's share price and PX Index

(for the period 1 October 2001 – 29 October 2015)

KB shareholders

As of 30 September 2015

The number of shareholders comprised 42,990 corporate entities and private individuals.

Of the Bank's total share capital of CZK 19,004,926,000 divided into 38,009,852 shares with a nominal value of CZK 500 each, Société Générale S.A. holds 60.35%.

The Bank of New York Mellon ADR Department is, with the permission of the Czech National Bank, the holder of those shares for which Global Depository Receipts (GDRs) were issued and which are in the possession of a significant number of foreign investors.

KB held 238,672 own shares in treasury, representing 0.63% stake on registered capital.

Investor Relations

Jakub Černý, Robert Janeček, Renata Swaczynová, Kamila CorbetTel.: +420 955 532 156, 955 532 734, 955 532 155E-mail: [email protected] - Internet: www.kb.cz

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