RPT-EARNINGS POLL-Czech bank Komercni 2006 net seen up 2.3 pct

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* Komercni Banka 2006 earnings

* Wednesday Feb. 28, 10:00 a.m. (0900 GMT)

* Average forecast of eight analysts is for 9.17 billion crown consolidated net profit

PRAGUE (Reuters) - Komercni Banka , the biggest listed Czech lender, will see only a 2.3 percent gain in 2006 net income as higher provisioning eats into profits from increased lending, a Reuters poll of analysts showed on Monday.

Eight analysts predicted the Czech unit of France's Societe Generale would post a consolidated net profit of 9.17 billion crowns ($426.7 million) on average, up from 8.96 billion crowns a year ago. The results are due on Wednesday.

"The main drivers will remain mortgage loans and consumer loans, up some 30 percent year-on-year," said Guenter Hohberger, analyst at Erste Bank. "But we anticipate higher provisioning levels, due to the increasing retail lending portion."

Net interest income, a key gauge of operating profitability, was seen jumping 10.5 percent year-on-year to 16.20 billion.

But stiff competition was expected to have forced the bank to keep a lid on fees and provisions, which analysts predicted rose 0.5 percent to 8.78 billion crowns.

Komercni shares have jumped 18.4 percent so far this year and hit a record high of 3,675 crowns on Monday, beating a 7.4 percent gain in the Prague bourse's blue-chip index PX .

The stock trades at some 15 times forecast 2007 earnings, a discount to more than 20 times on regional peer PKO BP , Poland's biggest lender.

Societe Generale , which has about 60 percent of Komercni, trades at 10.5 times 2007 earnings, according to Reuters data.

Following is a summary of analyst forecasts (figures in billions of crowns):

2006 Average Median 2005 Range Net interest income 16.20 16.22 14.66 15.99-16.50 Net fees 8.78 8.76 8.74 8.67- 8.90 Revenue 26.24 26.20 24.52 25.96-26.50 Net profit 9.17 9.10 8.96 8.92- 9.62

NOTE - Revenue and net fees and provisions estimates are based on responses from six analysts, five analysts predicted revenues.

The following equity houses took part in the poll:

BH-Securities, Cyrrus, Erste Bank/Ceska Sporitelna, Fox-Pitt-Kelton, ING Securities, KBC Securities/Patria Finance, J.P. Morgan, UBS Investment Research.