Head of PR & Internal Communications
Equa bank’s profit up by 195% at the end of 1H 2017. Equa bank ended 1H 2017 with a profit of CZK 115 million, up by 195% year-on-year. The number of Equa bank’s clients rose by 30% year-on-year to 280,000; its total assets increased by 8%, the total volume of loans by 15% and the total volume of deposits by 7%. Equa bank also expects to be in the black for FY 2017.
“The significant increase in profit is attributable to the growing volume of the loans provided, primarily consumer loans that rose by 38% year-on-year. We are also successful in keeping operating costs under control on a long-term basis, despite the rapid development of our commercial activities across all areas of our business,” said Petr Řehák, Equa bank Chairman and CEO.