REGULATORY ANNOUNCEMENT: Presentation of 1H 2023 financial results
July 27, 2023 at 01:02 am EDT
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1H 2023 Results
Published on 27 July 2023 at 07:00 CET
According to IFRS, Consolidated, Unaudited
MANDATORY DISCLOSURE / PUBLIC DISCLOSURE OF MANDATORY INFORMATION
2Q'23 vs 1Q'23
HIGHLIGHTS
(in CZK)
Operating income up by 6.5% due to growth
in net interest income in 2Q'23 (declining trend reversed), strong performance on fees and stable other income.
Net interest income
2.17bn
+6.7%
Net fee & commission income
0.66bn
+7.6%
Other income
0.20bn
+0.5%
Decrease in operating expenses by 11.2%,
in line with the operating plan and absorption of regulatory charges during 1Q'23.
Cost of risk up by CZK 262 million
representing 22bps on an annualised basis due to the absence of material NPL disposals in 2Q'23.
Operating expenses
(1.37)bn
(11.2)%
Cost of risk
(0.15)bn
N/A
Net profit
1.26bn
+4.0%
Note: Percentage change represents movement compared to 1Q'23.
2
1H'23 vs 1H'22
HIGHLIGHTS
(in CZK)
Operating income down by 3.6% due to NII
erosion caused by higher funding costs, partially mitigated by strong growth in net fees and commission income and other income.
Operating expenses up by 4.4% due to
higher regulatory contribution, which constitutes 64% of this increase, and the absence of significant M&A cost recovery in the amount of CZK 113 million received in 2Q'22.
Net profit of CZK 2.5 billion, above operating
plan due to better-than-expected performance on operating income, cost of risk and effective tax rate.
Operating income
5.9bn
(3.6)%
Cost of risk
(0.03)bn
net creation
Operating Operating
expensesprofit
(2.9)bn 3.0bn
+4.4%(10.3)%
Income
Net
tax
profit
(0.4)bn
2.5bn
(33.6)%
(13.7)%
Note: Percentage represents year-on-year change.
3
accompanied by the lowest
1H'23 vs 1H'22
HIGHLIGHTS
(in CZK)
Deposit base up by 24%, representing an
additional CZK 71 billion year-on-year, mainly from retail customers.
285% LCR and 145% NSFR historically at
the highest level,
loan to deposit ratio at 73%.
Strong liquidity position, represented by high-
quality liquid assets of CZK 120 billion.
Stable lending base reflecting still low demand for loans, predominantly on the mortgage market.
accompanied by 12.8% lower employment contributed to broadly stable costs year-on-year when adjusted for reimbursement of M&A costs.
Well-distributednetwork of 2,058 own
& shared ATMs1 was further enhanced by signing an agreement to extend sharing of deposit functionality at 957 ATMs in the shared network.
Mobile banking platform attracted
355 thousand
1H'23.
Branch
Own &
network
shared ATMs1
140
2,058
(9.1)%
+44.8%
Total
Internet
clients
Banking users
1.5m
1.3m
+4.0%
+11.5%
Total employees2
2,511
(12.8)%
Mobile banking users 3
1.0m
+56.2%
Note: Percentage represents year-on-year change. (1) ATM network including 579 MONETA ATMs, 847 KB ATMs, 369 Air Bank ATMs and 263
5
UniCredit Bank ATMs as of 30 June 2023; (2) FTEs in June 2023, excluding members of the Supervisory Board and the Audit Committee; (3) Smart
Banka application.
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Disclaimer
Moneta Money Bank a.s. published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 05:01:07 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, 
