MONETA Money Bank: Half-year presentation for H1 2022, consolidated (PDF, 0.54 MB)







Published on July 28, 2022 at 07:00 CET

According to IFRS, Consolidated, Unaudited

MANDATORY DISCLOSURE / PUBLIC DISCLOSURE OF INITIAL INFORMATION

H1 2022 HIGHLIGHTS

(in CZK)

Operating

Operating

Operating

Cost of

Report

Income

expenses

profit1

Risk

profit

6.1 billion (2.8) billion 3.3 billion 0.3 billion 2.9 billion

+13.1%

(1.9)%

+29.9%

net release +100.7%

Note: Numbers may not add due to rounding differences. The percentage represents the variation from one year to the next. (1) Profit for the period before tax and cost

2

of risk.

H1 2022 HIGHLIGHTS

(in CZK)

Balance

Ready

To pay

Posted

Accounting

sheet

base1

base2

obligations

equity

367.1 billion

267.1 billion

296.5 billion

9.4 billion

28.8 billion

+16.0%

+11.7%

+11.4%

+27.3%

+1.1%

Note: Percentage represents year-over-year change. (1) Gross portfolio of performing loans; (2) Core customer deposits.

3

H1 2022 HIGHLIGHTS

Report

Cost for

Go back

Capital

Liquidity

Interest

Revenue

Tangible

Adequacy

Cover

Margin

Report

Equity

Report

Report

2.8%

45.9%

22.6%

16.8%

149.3%

+0.1pp

(7.0)pp

+11.4pp

(2.4)pp

(7.5)pp

Note: Percentage points (pp) represent year-over-year change.

4

REDUCTION IN NEW BUSINESS VOLUME

INCREASING COST

FUNDING

INFLATION

INCREASING

UNDER PRESSURE

CAPITAL CITY

BASIC COST

REQUIREMENT

New loan volumes CZK

35.4 billion, down 20.6% from year to year,mainly due to the slowdown in new mortgage loans, which decreased by 44.0% year- over a year

Growing pressure on the cost of funds which has increased to 1.10% compared to 0.38% in 1H 2021 (from 0.96% in 1Q 2022 to 1.23% in 2Q 2022)

The persistent pressure on wages supplemented by the increase in the cost of rents, raw materials, energy, professional and other services resulting in 2.0% recurring increase1

The capital requirement will gradually increase by 150bps by April 2023 who will consume 2.7 billion Czech crowns excess capital and future earnings (assuming CZK 180 billion RWA and 2.6% Pillar II requirement)

Note: (1) Charges adjusted for costs and reimbursements related to the completed acquisition of Air Bank Group.

5

Disclaimer

Moneta Money Bank as published this content on July 28, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on July 28, 2022 08:37:03 UTC.

Public now 2022

All news about MONETA MONEY BANK, AS
03/08 MONETA MONEY BANK : Recording of the conference call for the first half of 2022 (PDF, 0.19 MB)

COULD

07/28 TRANSCRIPTION : MONETA Money Bank, as, H1 2022 Results Call, 28 Jul 2022

CI

07/28 MONETA MONEY BANK : Základní finanční data 1H 2022, konsolidované (anglčtina) (..

COULD

07/28 MONETA MONEY BANK : Half-yearly presentation for H1 2022, consolidated (PDF, 0.54 MB)

COULD

07/28 MONETA MONEY BANK : H1 2022 press release (PDF, 0.37 MB)

COULD

07/28 MONETA MONEY BANK : achieves a net profit of CZK 2.9 billion in the first half, up 100.7% year on year.

COULD

07/28 REGULATORY ANNOUNCEMENT : Half-yearly presentation for H1 2022, consolidated

COULD

07/28 MONETA MONEY BANK : H1 2022 half-year report, consolidated (PDF, 1.11 MB)

COULD

07/28 MONETA MONEY BANK, AS : Half-year report

CO

07/28 MONETA MONEY BANK, AS : Half-year results

CO

2022 sales 12,229 million
499M
499M
2022 net income 4,451 million
181M
181M
Net debt 2022

PER 2022 ratio 10.2x
2022 return 7.68%
Capitalization 42,055 million
1,715 million
1,715 million
capi. / Sales 2022 3.44x
capi. / Sales 2023 3.21x
# of employees 2,880
Floating 60.5%

Chart MONETA MONEY BANK, AS


Duration :

Period :




MONETA Money Bank, as a technical analysis chart |  MarketScreener



Evolution of the income statement

Sale

To buy

Medium consensus SURPASS
Number of analysts ten
Last closing price CZK82.30
Average target price CZK101.66
Average Spread / Target 23.5%


About the author