Commercial banks generated operating profit before provisioning of CZK 33,967 mil in the third quarter of 2022, up 45.0% when compared to last year. Provisions have "eaten" some 8.81% of operating profit in the third quarter of 2022 as cost of risk reached 0.298% of average loans.
The volume of non-performing loans decreased by 17.0% qoq to CZK 81.2 bil and represented 1.43% of total loans at the end of September. Provisions covered 85.9% of NPLs, up from 75.2% a year ago.
Within the sector, PPF Banka had to create the most provisions in the third quarter of 2022 relative to its loans (1.60%) and Moneta Stavebni Sporitelna the least (-0.783%). In terms of overall asset quality, Fio banka was operating with the highest share of non-performing loans, some 8.98% of customer loans at the end of September.
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