Komerční Banka ’s Ratings Affirmed

Ref: CZ00 4 2 2 CRA00- 0 1 3 November 202 3

Komerční Banka ’s Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong-Term Foreign Currency Rating (L T FCR ) and S hort-Term Foreign Currency Rating (S T FCR ) of Komerční Banka (KB) at ‘A’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed KB’s Bank Standalone Rating (B SR ) of ‘a-’ and C ore F inancial Strength (CF S ) rating of ‘a-’. The Outlook for the LT FCR and BSR remains Stable. The Extraordinary Support Level (ESL) has been changed to High from Moderate.

The affirmation of the ratings is supported by KB’s sound capital ratios with a high Tier 1 component, good asset quality , and a solid liquidity profile. Also supporting the ratings is the Bank’s long-term focused and supportive ownership by Société Générale (SocGen).

The BSR is…