Daily Economic Summary in the Czech Republic: Mortgages, PX Stock Index, VIG, Colt CZ (June 12, 2026)

The Prague Stock Exchange slightly increased on Thursday, with the PX index gaining 0.33 percent. The mortgage market experienced a year-on-year boom in May, with the volume of new loans increasing by 54 percent, while the average interest rate rose to 4.67 percent. Shares of VIG were traded on the Prague Stock Exchange today after the release of the company's results for the first quarter of 2026. The insurance company confirmed its full-year outlook and solid growth in insurance premiums. Colt CZ reported record revenues and net profit for the first quarter, with the acquisition of Synthesia Nitrocellulose being a key driver. The Kofola shareholders' meeting is approaching, and a dividend of 21 crowns per share is awaiting approval on June 17.

The Prague Stock Exchange slightly increased. The PX index gained 0.33 percent to 2529.45 points. Austrian stocks performed well, with VIG and Erste Bank both rising, while Komerční banka also showed slight gains. On the other hand, ČEZ and Moneta Money Bank weakened. Trading volume was below average.

Banks and building societies provided mortgage loans totaling 52.6 billion crowns in May. This represents a year-on-year increase of 54 percent, but a month-on-month decrease of 14.5 percent. New loans without refinancing decreased month-on-month by 14 percent to 38.1 billion crowns. The average interest rate rose to 4.67 percent from 4.52 percent in April. This information comes from the Czech Banking Association's (ČBA) Hypomonitor statistics.

Colt CZ Group reported revenues of 7.3 billion crowns for the first quarter of 2026, meeting market expectations. Colt confirmed its full-year revenue outlook of 30 to 33 billion crowns and its operating profit (EBITDA) outlook of 7.4 to 8.2 billion crowns. The key driver of growth is the new energy materials segment, created after the acquisition of Synthesia Nitrocellulose last year, which brings significantly higher margins. The group's net profit increased year-on-year by 37 percent to 717.9 million crowns.

VIG Insurance Company is trading in positive territory on Thursday. The group confirmed its full-year pre-tax profit outlook of 1.25 to 1.3 billion euros and solid growth in written premiums in the first quarter. The largest acquisition in VIG's history, the takeover of the German insurance company Nürnberger for 1.38 billion euros, was completed in mid-May after the group received all regulatory approvals. VIG now holds 99.2 percent of the share capital and voting rights of Nürnberger.

The Kofola shareholders' meeting will be held on June 17 and will approve the dividend for the year 2025, which amounts to 21 crowns per share, corresponding to approximately a four percent gross dividend yield. The ex-date for the Prague Stock Exchange is June 25, and the dividend will be paid out starting August 6, 2026.

gnews.cz - GH

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