MONETA Money Bank, a.s. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 29, 2021 at 04:24 am EDT
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MONETA Money Bank, a.s. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net interest income was CZK 2,162 million compared to CZK 2,044 million a year ago. Net income was CZK 1,466 million compared to CZK 716 million a year ago. Basic earnings per share from continuing operations was CZK 2.9 compared to CZK 1.4 a year ago.
For the nine months, net interest income was CZK 6,293 million compared to CZK 6,171 million a year ago. Net income was CZK 2,897 million compared to CZK 1,916 million a year ago. Basic earnings per share from continuing operations was CZK 5.7 compared to CZK 3.7 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.