KB prezent. angl - Komerční banka
KB prezent. angl - Komerční banka
KB prezent. angl - Komerční banka
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5. Net interest income<br />
Net interest income comprises:<br />
CZK million 2003 2002<br />
Interest income<br />
– Loans and advances to financial institutions 8,754 10,225<br />
– Loans and advances to customers * 9,792 13,321<br />
– Bonds and treasury bills 1,816 2,049<br />
Total interest income 20,362 25,595<br />
Interest expense<br />
– Amounts owed to financial institutions (1,706) (2,896)<br />
– Amounts owed to customers (4,928) (7,825)<br />
– Certificated debts (1,562) (2,183)<br />
Total interest expense (8,196) (12,904)<br />
Net interest income 12,166 12,691<br />
Note: * Interest income from loans and advances to customers also includes interest received from Česká konsolidační agentura.<br />
Interest income and expense also includes accrued interest income from hedging financial derivatives of CZK 3,363 million (2002:<br />
CZK 3,197 million) and accrued interest expense from hedging financial derivatives of CZK 1,615 million (2002: CZK 2,198 million).<br />
Net interest income from these derivatives amounts to CZK 1,748 million (2002: CZK 999 million).<br />
6. Net fees and commissions<br />
Net fees and commissions comprise:<br />
CZK million 2003 2002<br />
Net fees and commission income from services and transactions 7,129 6,484<br />
Net gain/(losses) from foreign exchange commissions from clean and documentary payments 1,232 1,309<br />
Net gain/(losses) from commissions from foreign exchange transactions 714 802<br />
Total net fees and commissions 9,075 8,595<br />
Net fees and commissions comprise foreign exchange commissions from clean and documentary payments and client cash<br />
exchange and conversion transactions as equal to the difference between the purchase/sale rate of foreign currencies determined by<br />
the Group and the official exchange rates as promulgated by the Czech National Bank used under the requirements of the Accounting<br />
Act in re-translating transactions denominated in foreign currencies. The Group includes foreign exchange commissions in Net fees<br />
and commissions because these revenues represent significant recurring income from payment and exchange transactions effected<br />
with the Group’s customers.
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