Komercni Banka posts rise in net group profits

One of the country's four leading banks Komercni Banka has announced a 2.3 percent rise in 2006 net group profits to 9.12 billion crowns (424.7 million dollars). A spokesman for the bank said the group performance was supported by the rapid growth of the Czech economy. French-based Societe Generale has a 60.35 percent stake in the bank. A dividend payment of 5.7 billion crowns, or 150 crowns per share, will be recommended.