Bloomberg News

Komercni Banka Gains 4th Day on Europe Bailout, Goldman Report

March 02, 2012

Komercni Banka AS (KOMB), the Czech unit of Societe Generale SA, rose for a fourth day as European leaders agreed to accelerate payments to a bailout fund and Goldman Sachs Group Inc. raised the region’s banks to “overweight.”

The stock increased 0.9 percent to 3,727 koruna as of 9:49 a.m. in Prague, extending this week’s rally to 2.4 percent. The 14-member PX (PX) index, where Komercni has a 17 percent weighting, rose 0.3 percent today and 2 percent so far this week.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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