Komercni Banka Q3 profit above estimates, loan provisioning up

Nov 4 (Reuters) - Komercni Banka as:

* KOMERCNI BANKA Q3 NET INTEREST INCOME CZK 7.35 BILLION VERSUS CZK 7.40 BILLION SEEN IN REUTERS POLL

* KOMERCNI BANKA Q3 NET PROFIT CZK 4.61 BILLION VERSUS CZK 4.56 BILLION SEEN IN REUTERS POLL

* KOMERCNI BANKA Q3 NET BANKING INCOME CZK 9.84 BILLION VERSUS CZK 9.72 BILLION SEEN IN REUTERS POLL

* KOMERCNI BANKA Q3 COST OF RISK CZK -669 MILLION VERSUS CZK -425 MILLION SEEN IN REUTERS POLL

* KOMERCNI BANKA: TOTAL VOLUME OF LENDING TO CUSTOMERS EXPANDED BY 8.6% YEAR ON YEAR IN 9M 2022

* KOMERCNI BANKA: EXPECTS LOAN PORTFOLIO WILL RECORD AN UPPER MID-SINGLE-DIGIT GROWTH RATE FOR 2022

* KOMERCNI BANKA: TOTAL NET OPERATING INCOME FOR 2022 SHOULD EXPAND BY MORE THAN 20% IN COMPARISON WITH THE LOW BASE OF 2021

* KOMERCNI BANKA: COST OF RISK IN 2022 SHOULD REMAIN BELOW THE ESTIMATED NORMALISED LEVEL OF AROUND 30 BASIS POINTS ACROSS THE WHOLE BUSINESS CYCLE

* KOMERCNI BANKA: MANAGEMENT EXPECTS THAT KB’S OPERATIONS WILL GENERATE SUFFICIENT PROFIT IN 2022 TO COVER THE GROUP’S CAPITAL NEEDS ENSUING FROM ITSGROWING VOLUME OF ASSETS AS WELL AS TO PAY OUT DIVIDENDS

* KOMERCNI BANKA CEO: CREDIT PROFILE OF THE LOAN PORTFOLIO IS RESILIENT, ALTHOUGH WE HAVE NOTED WORSENING CONFIDENCE INDICATORS AMONG BUSINESSES AND CONSUMERS Source text for Eikon: Further company coverage: (Reporting by Jason Hovet)