Bloomberg News

Komercni Banka, Erste Lead Czech Shares Higher on Stimulus Bets

July 19, 2012

Komercni Banka AS, a unit of Societe Generale SA, and Austria’s Erste Group Bank AG (RBAG) led Czech shares higher as speculation that central banks around the world will ease monetary conditions boosted demand for riskier assets.

Komercni Banka rallied 2.8 percent to 3,550 koruna by 1:32 p.m. in Prague, a third day of gains. Erste added 1.6 percent to 384.2 koruna. The PX (PX) equity index, in which the two lenders have a combined 38 percent weighting, increased 0.8 percent.

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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