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Article: Czech GE Money bank's profit up by 20% y/y to CZK 1.6 bln in H1.
- Article from:
- Czech Business News
- Article date:
- August 11, 2006
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Czech GE Money bank's profit up by 20% y/y to CZK 1.6 bln in H1
PRAGUE. AUGUST 11. INTERFAX CENTRAL EUROPE - US' GE Money Bank's Czech unit generated a profit of CZK 1.6 bln, which means 20% growth year-on-year in the first half of 2006, according the Czech accounting standards, the bank stated Friday.
"The net profit of GE Money Bank increased, year-on-year by nearly 20%, amounting to CZK 1.6 bln as of June 30, 2006," GE Money bank spokesperson Eva Chaloupkova said.
At the end of H1 GE Money Bank's capital adequacy reached 26.35%, which is a y/y increase of 0.02 pp, Chaloupkova added. The bank's total assets increased by almost 11.8 % to about ...