Annual Reports Agreement

In accordance with the Terms of Use of these websites it is forbidden to use the photographs contained in the Annual Reports posted on the websites for any purposes other than for exclusively personal and non-commercial use and to duplicate, alter, modify, rearrange or otherwise tamper with the photographs contained in the Annual Reports and disseminate any such altered, modified, rearranged or otherwise affected photographs. You may retrieve and display the content of the Annual Reports including photographs on a computer or mobile telephone screen, print individual pages on paper (but not photocopy them) and store such pages in electronic form on disk or on your mobile telephone (but not on any server or other storage device connected to for your personal, non-commercial use only.)

Do you agree with the above stated terms of use of the Annual Reports?

Yes   No


    Air Bank reports a profit of CZK 683 million for the first half of 2018, with over 630,000 clients

    Unaudited results of Air Bank a.s. on a self-standing basis as at 30 June 2018 under IFRS:

    Air Bank reports a profit of CZK 683 million for the first half of 2018, with over 630,000 clients

    Air Bank has reported a net profit of CZK 683 million for the first six months of 2018, up 146% on the same period last year.  This was predominantly driven by the non-recurring income from the bank’s investments.  During the period, the company has continued to be successful in both acquiring new clients and in growing the volume of money lent to customers, which is up by almost one third year-on-year.

    “I am pleased with our strong performance in the first half of the year.  We have continued to improve our current account services, including mobile payments and rewards for shopping, which is helping us to attract new customers to the bank.  In addition, we are constantly evolving the products we offer to clients, including  authorised overdraft and  the ability to arrange loans via the mobile app, which helps us to provide a better service to our existing customers whilst also helping to attract new customers to Air Bank,” says Michal Strcula, Air Bank’s Chief Executive Officer.

    At the end of June, Air Bank’s services were being used by more than 637,000 clients, up 14% year-on-year. The number of client current accounts increased by 19% to 695,421 whilst the number of savings accounts rose by almost 50,000 to 410,710 clients.  The volume of deposits in clients’ current and savings accounts grew to CZK 98 billion.

    Air Bank was also successful in increasing the amount of outstandings significantly, with the volume of loans up by 32% year-on-year, an increase of almost CZK 11 billion. NBI net of credit losses surged by 48% year-on-year to CZK 1.5 billion.

    Air Bank’s total assets rose by 18% year-on-year to CZK 107.6 billion. The bank’s equity increased by 25% to CZK 7 billion.

      30 June 2017 31 June 2018 YoY change
    Net profit  CZK 277.3 m CZK 683 m 146%
    NBI net of credit losses CZK 979.9 m CZK 1,455 m 48%
    Administrative and overhead costs (CZK 627.9 m) (CZK 692.8 m) 10%
    Number of clients 557,261 637,087 14%
    Number of current accounts 584,877 695,421 19%
    Number of savings accounts 361,446 410,710 14%
    Volume of deposits CZK 83.8 bn CZK 98.0 bn 17%
    Volume of loans CZK 33.7 bn CZK 44.6 bn 32%
    Total assets CZK 91.5 bn CZK 107.6 bn 18%
    Equity CZK 5.6 bn CZK 7 bn 25%
    Number of employees 766 780 2%
    Number of branches 34 35 +1
    Number of ATMs 207 354 +147

    Back to Press Releases