(Source: Ceská sporitelna as) As of 30 September 2015, Ceska sporitelna reported an unaudited consolidated net profit of CZK 11.1 bn, according to International Financial Reporting Standards (IFRS). In the same period last year, profit amounted to CZK 11.2 bn. This means stable year-on-year development. The decline of operating income, which mirrored historically low market interest rates, was balanced by lower creation of credit risk provisions, reflecting strong growth of the Czech economy, employment, increasing real wages and, consequently, significant improvement in loan portfolio quality. The bank's results were supported, above all, by the year-on-year growth of loans to customers, by...
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