MONETA Money Bank, a.s. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 10:42 pm EDT
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MONETA Money Bank, a.s. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was CZK 2,167 million compared to CZK 2,459 million a year ago. Net income was CZK 1,263 million compared to CZK 1,582 million a year ago. Basic earnings per share from continuing operations was CZK 2.5 compared to CZK 3.1 a year ago.
For the six months, net interest income was CZK 4,199 million compared to CZK 4,883 million a year ago. Net income was CZK 2,478 million compared to CZK 2,872 million a year ago. Basic earnings per share from continuing operations was CZK 4.8 compared to CZK 5.6 a year ago.
Moneta Money Bank a.s. is one of the leading financial services groups in the Czech Republic. Net sales break down by activity as follows:
- retail banking (64.2%): sales of conventional banking products and services to induviduals (current account management, consumer credit, sale of savings contracts, mortgages, car loans, home loans, leasing, credit card issuance, etc.);
- commercial banking (29.6%): sales of banking products and services to small and medium enterprises, financial and public institutions (asset funding, investments and projects, leasing, management of vehicle fleets, industrial equipment funding, etc.);
- other (6.2%): primarily investment banking and bancassurance.
At the end of 2021, the group managed CZK 285.1 billion in courrent deposits and CZK 255.6 billion in current loans.
The products and services are marketed through a network of 154 branches located in the Czech Republic.
MONETA MONEY BANK, 
