We are thriving, and we will continue investing in the Czech Republic, reports Česká spořitelna. The Bank posted a profit of CZK 26 billion last year

As of 31 December 2024, Česká spořitelna reported an unaudited consolidated net profit of CZK 26.2 bn, according to the International Financial Reporting Standards (IFRS). Operating result reached CZK 32.2 bn.

"Česká spořitelna proudly celebrates 200 years since its founding. The historically best result achieved in 2024 reaffirms our commitment to the mission we embraced in 1825 - fostering the prosperity of society while continuously investing in its future development.

Our outstanding financial performance in 2024 is built on the trust of individuals and businesses in Česká spořitelna and its services. Loan volumes grew by nearly 8%, while deposits increased by 9%. We reached record levels in both our housing loans portfolio (exceeding CZK 500 billion) and corporate loan portfolio (over CZK 400 billion). Additionally, we motivated more than 100,000 clients to start investing regularly, further strengthening their financial well-being. As a result, the investment assets we manage for clients surpassed CZK 400 billion - another milestone.

These strong results empower us to continue fulfilling our broader societal role. Through our subsidiary Dostupné bydlení (Affordable housing), we introduced the first 100 affordable rental apartments for employees in essential professions at the end of 2024, with plans to deliver another 1,000 in 2025. We also expand the Skoala educational platform, making it accessible to all schools as a foundation for financial education.

I am proud that Česká spořitelna’s success continues to benefit society as a whole. Through the CS Foundation, we will continue to expand our investments in impactful social initiatives," said Ivan Vondra, Česká spořitelna’s CFO in his reaction to the Bank´s FY 2024 financial results.

You will find more information in the attached press release and presentation.