MONETA Money Bank : received reaffirmed rating from S&P Global Ratings of “BBB/A-2” with a change of outlook to stable
April 20, 2020 at 02:41 am EDT
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20 April 2020
MONETA MONEY BANK, A.S. ("MONETA") ANNOUNCES THAT IT HAS RECEIVED FROM S&P GLOBAL RATINGS EUROPE LIMITED REAFFIRMED INVESTMENT GRADE RATING WITH CHANGED OUTLOOK FROM POSITIVE TO STABLE
MONETA announces that it has received from international rating agency S&P Global Ratings Europe Limited reaffirmed credit opinion with rating of "BBB/A-2" (long- and short-term rating) with a change of outlook from positive to stable.
S&P Global Ratings Europe Limited is established in the European Union and is registered under the Regulation (EC) No. 1060/2009 (as amended) ("CRA Regulation"). As such, it is included in the list of credit rating agencies published by the European Securities and Markets Authority on its website (https://www.esma.europa.eu/supervision/credit-rating-agencies/risk).
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Moneta Money Bank a.s. published this content on 20 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2020 06:40:11 UTC
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, 
