REGULATORY ANNOUNCEMENT: 2024 capital requirement announcement
October 23, 2023 at 11:14 am EDT
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Mandatory Disclosure
PUBLIC DISCLOSURE OF INSIDE INFORMATION
23 October 2023, 5:00 PM
MONETA Money Bank, a.s. announces that, based on the Supervisory Review and Evaluation Process ("SREP"), the CNB has reduced its SREP capital requirement for 2024 by 30 basis points to 10.3 per cent
In its announcement, the CNB requires MONETA Money Bank, a.s. ("MONETA") to maintain the total SREP capital requirement at 10.3 percent effective from 1 January 2024, which is 30 basis points lower than in 2023.
The total SREP capital requirement consists of the regulatory capital requirement under Pillar I of 8 per cent and
a Pillar II regulatory capital requirement, which will be reduced by 30 basis point to 2.3 per cent from 1 January 2024.
Over and above the total SREP capital requirement, MONETA is required to maintain Tier 1 capital to cover the combined capital buffer, which is currently 4.5 per cent of risk-weighted assets. This buffer consists of capital conservation buffer of 2.5 per cent and capital countercyclical buffer of 2 per cent.
In addition to the overall regulatory requirement, management maintains a prudential buffer of 1 per cent of risk- weighted assets.
The management capital target on a consolidated basis is reduced by this decision from the current 16.1 per cent to 15.8 per cent from 1 January 2024.
PROJECTION OF THE MANAGEMENT CAPITAL TARGET ON A CONSOLIDATED BASIS
1 Jul
1 Oct
31 Dec
1 Jan
2023
2023
2023
2024
Pillar I - CRR requirement
8.0%
8.0%
8.0%
8.0%
Pilar II - SREP requirement
2.6%
2.6%
2.6%
2.3%
CRR capital conservation buffer
2.5%
2.5%
2.5%
2.5%
CRR countercyclical capital buffer
2.25%
2.0%
2.0%
2.0%
Total regulatory requirement for capital
15.35%
15.1%
15.1%
14.8%
Management capital buffer
1.0%
1.0%
1.0%
1.0%
MANAGEMENT CAPITAL TARGET ON A CONSOLIDATED BASIS
16.35%
16.1%
16.1%
15.8%
MONETA Money Bank, a.s. | Vyskočilova 1442/1b, 140 28 Praha 4 - Michle | Company ID 25672720 | Registered by the Municipal Court in Prague, Section B, Insert 5403 | tel.: +420 224 443 636 | www.moneta.cz
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Moneta Money Bank a.s. published this content on 23 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2023 15:13:04 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, 
