25/05/2015 PPF banka announces Results for FY 2014

“Although the Czech banking market is tackling cuts in interest rates, growing competition and pressures on margins, last year PPF banka was able to increase its net interest income by 10% to more than CZK 2.1 billion”, Petr Jirásko, PPF banka’s CEO commented on the results, adding: “Because of its significant exposure to Russia, the economic crisis there was a real challenge for PPF banka. It is thanks to our conservative approach and quick response that we were able to keep the losses from our Russian exposure at acceptable levels and succeed in growing our total net profit by one fifth to CZK 700 million”.