Financial assets at fair value through profit or loss
0
0
0
0
0
0
0
0
0
Derivative financial instruments with positive value*
21
27
762
381
349
218
126
103
260
Financial assets - available for sale
0
0
0
0
0
0
0
0
0
Financial assets - held to maturity
0
0
0
0
0
0
0
0
0
Hedging derivatives with positive fair values
156
651
739
538
466
472
832
757
1,637
Change in fair value of items hedged on portfolio basis
50
(239)
1,080
1,283
1,117
560
75
(219)
(907)
Loans and receivables to banks
38,926
23,485
44,339
65,447
54,189
22,872
25,662
10,473
13,181
Loans and receivables to customers
152,370
156,409
160,596
217,501
220,576
226,072
232,325
239,330
247,572
Investment securities
25,394
25,972
23,575
24,097
27,140
35,917
43,389
51,271
50,494
Intangible assets
2,144
2,283
2,383
2,843
2,871
2,957
2,980
3,016
3,095
Property and equipment
3,172
2,948
2,881
2,881
2,749
2,696
2,620
2,552
2,472
Investments in subsidaries and associates
2
2
2
3
2
2
2
3
2
Current tax assets
18
7
30
240
323
268
445
372
45
Deferred tax assets
0
0
0
71
61
48
2
5
0
Other assets
766
811
1,195
1,037
1,200
1,094
972
962
916
TOTAL ASSETS
229,703
219,053
247,575
324,015
321,060
300,958
317,392
316,449
327,527
Liabilities
Derivative financial instruments with negative value*
9
40
365
336
386
134
88
85
209
Due to banks
5,549
7,091
11,610
5,834
3,260
1,977
8,662
7,413
17,549
Due to customers
192,273
181,523
198,754
274,920
275,033
258,906
268,250
268,613
268,151
Hedging derivatives with negative fair values
513
148
2,050
2,860
2,569
1,343
675
489
363
Change in fair value of items hedged on portfolio basis
0
(22)
304
275
191
98
35
(64)
(297)
Mortgage backed bonds
0
0
0
5,120
4,224
2,712
2,716
2,713
2,720
Subordinated liabilities
1,989
2,006
4,622
4,664
4,640
4,681
4,625
4,667
4,642
Provisions
227
209
199
273
311
289
262
239
214
Current tax liability
133
179
173
39
52
53
69
70
44
Deferred tax liability
258
244
354
429
370
199
236
91
298
Other liabilities
3,588
3,224
3,684
3,582
3,640
3,516
4,138
3,670
3,708
Total liabilities
204,539
194,642
222,115
298,332
294,676
273,908
289,756
287,986
297,601
Equity
Share capital
511
10,220
10,220
10,220
10,220
10,220
10,220
10,220
10,220
Share premium
5,028
0
0
0
0
0
0
0
0
Statutory reserve
102
102
102
102
102
102
102
102
102
Share based payment reserve
(2)
0
0
0
0
0
0
0
0
Other reserves
0
(17)
302
56
38
21
9
3
1
Retained earnings
19,525
14,106
14,836
15,305
16,024
16,707
17,305
18,138
19,603
Total equity
25,164
24,411
25,460
25,683
26,384
27,050
27,636
28,463
29,926
TOTAL LIABILITIES AND EQUITY
229,703
219,053
247,575
324,015
321,060
300,958
317,392
316,449
327,527
* These lines have been renamed from Financial assets, resp. liabilities, at fair value through profit or loss to "Derivative financial instruments".
PL
Consolidated statement of profit or loss and other comprehensive income
MONETA Money bank, a.s.
IFRS
CZK m
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Interest and similar income
2,312
2,359
2,388
2,596
2,380
2,348
2,284
2,267
2,378
Interest expense and similar charges
(303)
(345)
(345)
(513)
(337)
(235)
(210)
(211)
(217)
Net interest income
2,009
2,014
2,043
2,083
2,043
2,113
2,074
2,056
2,161
Fee and commission income
570
595
556
523
614
603
589
615
625
Fee and commission expense*
(71)
(94)
(70)
(100)
(114)
(121)
(90)
(120)
(152)
Net fee and commission income*
499
501
486
423
500
482
499
495
473
Dividend income
0
1
1
0
1
0
0
1
1
Net income from financial operations
109
147
374
8
161
129
96
113
133
Other operating income
28
22
20
1,155
56
20
13
39
13
Total operating income*
2,645
2,685
2,924
3,669
2,761
2,744
2,682
2,704
2,781
Personnel expenses
(567)
(626)
(536)
(664)
(634)
(685)
(601)
(600)
(628)
Administrative expenses*
(303)
(343)
(297)
(314)
(358)
(403)
(387)
(419)
(333)
Depreciation and amortisation
(239)
(248)
(257)
(292)
(292)
(288)
(314)
(300)
(289)
Regulatory charges
0
0
(152)
1
0
0
(207)
(3)
0
Other operating expenses
(53)
(84)
(90)
(81)
(99)
(85)
(8)
(11)
(12)
Total operating expenses*
(1,162)
(1,301)
(1,332)
(1,350)
(1,383)
(1,461)
(1,517)
(1,333)
(1,262)
Profit for the period before tax and net impairment of financial assets*
1,483
1,384
1,592
2,319
1,378
1,283
1,165
1,371
1,519
Net impairment of financial assets
(168)
(216)
(684)
(1,849)
(554)
(475)
(418)
(334)
299
Profit for the period before tax
1,315
1,168
908
470
824
808
747
1,037
1,818
Taxes on income
(257)
(219)
(177)
(1)
(108)
(123)
(149)
(204)
(352)
Profit for the period after tax
1,058
949
731
469
716
685
598
833
1,466
Items that are or might be reclassified to profit or loss
- Change in fair value of investment securities recognised in OCI
0
1
0
0
0
0
0
0
0
- Cash flow hedges - effective portion of changes in fair value
0
(22)
394
(304)
(22)
(21)
(15)
(7)
(3)
- Deferred tax
0
4
(75)
58
4
4
3
1
1
Other comprehensive income, net of tax
0
(17)
319
(246)
(18)
(17)
(12)
(6)
(2)
Total comprehensive income attributable to the equity holders
1,058
932
1,050
223
698
668
586
827
1,464
Profit for the period after tax attributable to the equity holders
1,058
949
731
469
716
685
598
833
1,466
Weighted average of ordinary shares (in millions of shares)
511
511
511
511
511
511
511
511
511
Earnings per share (CZK)
2.07
1.86
1.43
0.92
1.40
1.34
1.17
1.63
2.87
* Data restated in Q2 2020
KPI restated
Key Performance Indicators
MONETA Money bank, a.s.
Profitability
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Yield (% Avg Net Customer Loans)
5.3%
5.2%
5.1%
4.4%
4.3%
4.2%
4.0%
3.8%
3.8%
Cost of Funds (% Avg Deposits and Received Loans)
0.47%
0.60%
0.59%
0.78%
0.59%
0.45%
0.39%
0.37%
0.37%
Cost of Funds on Core Customer Deposits (% Avg Deposits)
0.44%
0.53%
0.49%
0.67%
0.50%
0.37%
0.31%
0.30%
0.29%
NIM (% Avg Int Earning Assets)*
3.7%
3.7%
3.6%
2.7%
2.6%
2.7%
2.8%
2.7%
2.7%
Cost of Risk (% Avg Net Customer Loans)
0.45%
0.56%
1.73%
3.39%
1.01%
0.85%
0.73%
0.57%
(0.49)%
Risk-adj. Yield (% Avg Net Customer Loans)
4.9%
4.7%
3.4%
1.0%
3.3%
3.3%
3.2%
3.2%
4.2%
Net Fee & Commission Income / Operating Income (%)*
18.9%
18.7%
16.6%
11.5%
18.1%
17.6%
18.6%
18.3%
17.0%
Net Non-Interest Income / Operating Income (%)*
24.0%
25.0%
30.1%
43.2%
26.0%
23.0%
22.7%
24.0%
22.3%
RoTE
18.4%
17.2%
12.7%
8.2%
12.2%
11.4%
9.7%
13.1%
21.9%
RoE
16.8%
15.6%
11.5%
7.3%
10.9%
10.1%
8.7%
11.7%
19.6%
RoAA
1.9%
1.7%
1.3%
0.6%
0.9%
0.9%
0.8%
1.1%
1.8%
Liquidity / Leverage
Net Loan to Deposit Ratio
79.2%
86.2%
80.8%
79.1%
80.2%
87.3%
86.6%
89.1%
92.3%
Total Equity / Total Assets
11.0%
11.1%
10.3%
7.9%
8.2%
9.0%
8.7%
9.0%
9.1%
Liquid Assets / Total Assets
30.9%
25.6%
31.5%
30.0%
28.5%
22.1%
24.3%
22.0%
22.1%
Liquidity Coverage Ratio
195.1%
172.3%
155.6%
216.8%
195.3%
190.2%
183.7%
156.8%
137.8%
Equity
Total Equity
25,164
24,411
25,460
25,683
26,384
27,050
27,636
28,463
29,926
Tangible Equity
23,020
22,128
23,077
22,840
23,513
24,093
24,656
25,447
26,831
Capital Adequacy
RWA Density*
48.4%
52.9%
45.9%
43.7%
44.3%
49.5%
47.1%
46.4%
45.6%
Regulatory leverage
8.0%
8.7%
8.0%
6.3%
6.4%
7.5%
7.3%
7.5%
7.2%
Total CAR (%)
18.1%
18.0%
21.0%
17.4%
17.4%
18.2%
18.5%
19.2%
18.7%
Tier 1 Ratio (%)
16.5%
16.4%
17.4%
14.4%
14.4%
15.2%
15.5%
16.3%
15.9%
Asset Quality
Non-Performing Loan Ratio (%)
1.9%
1.8%
1.9%
1.6%
1.5%
2.3%
2.8%
2.5%
2.4%
NPL Ratio Retail (%)
2.0%
1.9%
2.1%
1.7%
1.7%
2.7%
3.2%
2.9%
2.7%
NPL Ratio Commercial (%)
1.8%
1.6%
1.5%
1.4%
1.2%
1.5%
1.9%
1.7%
1.7%
Core NPL Coverage (%)*
54.6%
55.9%
55.8%
53.4%
53.8%
46.9%
45.8%
52.9%
55.1%
Core NPL Coverage Retail (%)
53.1%
52.2%
53.5%
49.4%
50.6%
43.5%
42.9%
51.4%
53.3%
Core NPL Coverage Commercial (%)
56.8%
62.0%
60.6%
62.9%
62.7%
59.5%
56.2%
58.7%
61.8%
Total NPL Coverage (%)
103.3%
109.2%
118.9%
144.7%
166.3%
110.2%
94.4%
98.9%
96.1%
Efficiency
Cost to Income Ratio*
43.9%
48.5%
45.6%
36.8%
50.1%
53.2%
56.6%
49.3%
45.4%
FTE's (in relevant month)*
3,026
2,959
2,908
3,096
2,972
3,009
3,032
3,055
3,025
Branches
180
179
161
160
160
159
154
154
154
ATM's
650
632
631
600
554
555
558
555
559
All ratios annualized.
*Restated
Portfolio_Net loans
Balances of Net loans to customers by product
MONETA Money bank, a.s.
IFRS
CZK m
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Consumer Loans
39,855
40,131
40,017
49,489
48,945
48,041
47,414
47,025
47,181
Mortgages
40,793
43,709
47,051
88,015
90,706
98,530
106,325
112,548
119,021
Credit Card & Overdraft
3,214
3,247
2,952
2,821
2,771
2,664
2,389
2,335
2,356
Auto Loans and Finance Leases
2,645
2,554
2,429
2,264
2,209
2,118
2,070
2,188
2,349
Total Retail
86,507
89,641
92,449
142,589
144,631
151,353
158,198
164,096
170,907
Investment Loans
35,950
36,359
36,674
44,374
44,775
44,574
43,905
44,393
44,861
Working Capital
9,337
9,475
10,517
10,357
11,106
10,243
10,633
11,158
11,861
Auto & Equipment Loans and Finance Leases
13,142
13,101
12,748
12,201
11,629
11,077
10,446
10,276
10,049
Unsecured Instalment Loans and Overdraft
6,391
6,802
7,142
7,018
7,532
7,844
8,153
8,439
8,931
Inventory Financing and Other
1,043
1,031
1,066
962
903
981
990
968
963
Total Commercial
65,863
66,768
68,147
74,912
75,945
74,719
74,127
75,234
76,665
Total Net loans to customers
152,370
156,409
160,596
217,501
220,576
226,072
232,325
239,330
247,572
Portfolio_GrossPerforming
Balances of Gross performing loans to customers by product
MONETA Money bank, a.s.
IFRS
CZK m
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Consumer Loans
40,083
40,383
40,342
50,418
50,198
48,563
47,402
47,310
47,329
Mortgages
40,672
43,576
46,918
87,691
90,400
97,629
105,195
111,491
118,138
Credit Card & Overdraft
3,305
3,351
3,072
2,946
2,921
2,778
2,483
2,428
2,431
Auto Loans and Finance Leases
2,666
2,583
2,470
2,315
2,268
2,156
2,100
2,217
2,371
Other
4
4
4
4
3
2
2
2
2
Total Retail
86,730
89,897
92,806
143,374
145,790
151,128
157,182
163,448
170,271
Investment Loans
35,903
36,353
36,790
44,733
45,236
44,864
44,219
44,645
45,083
Working Capital
9,265
9,418
10,488
10,468
11,267
10,356
10,699
11,228
11,945
Auto & Equipment Loans and Finance Leases
13,098
13,101
12,806
12,350
11,796
11,153
10,481
10,294
10,028
Unsecured Instalment Loans and Overdraft
6,434
6,868
7,217
7,228
7,817
8,143
8,384
8,675
9,046
Inventory Financing and Other
1,036
1,034
1,069
966
906
982
991
969
965
Total Commercial
65,736
66,774
68,370
75,745
77,022
75,498
74,774
75,811
77,067
Total Gross performing loans to customers
152,466
156,671
161,176
219,119
222,812
226,626
231,956
239,259
247,338
New Business Volumes
New business volumes of non-revolving products*
MONETA Money bank, a.s.
IFRS
CZK m
Q3 2019
Q4 2019
Q1 2020
Q2 2020**
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Consumer Loans
5,191
4,746
4,273
2,042
4,017
4,280
4,399
4,806
4,807
Mortgages
4,296
4,031
4,416
5,607
5,853
12,108
12,876
12,511
11,550
Auto Loans and Leases
316
252
230
132
249
195
254
427
466
Retail New Business Volumes
9,803
9,029
8,919
7,781
10,119
16,583
17,529
17,744
16,823
Investment Loans
2,545
3,615
2,265
2,204
2,349
3,649
2,370
3,171
2,481
Auto & Equipment Loans and Leases
1,330
1,546
1,076
887
723
926
726
1,125
1,029
Small Business Instalment Loans
818
905
884
416
1,046
1,100
968
920
871
Commercial New Business Volumes
4,693
6,066
4,225
3,507
4,118
5,675
4,064
5,216
4,381
*New volumes exclude revolving loans and Other
Q3 2019
**Restated
Total deposits
Evolution of Breakdown of Deposits
MONETA Money bank, a.s.
IFRS
Evolution of Breakdown of Due to Customer by Segment
CZK m
Q3 2019
Q4 2019
1Q 2020
2Q 2020
3Q 2020
4Q 2020
1Q 2021
2Q 2021
3Q 2021
Retail Current Accounts
50,614
50,270
51,663
54,345
56,060
59,278
64,945
68,615
70,577
Retail Savings Accounts and Term Deposits
61,079
65,593
66,133
104,899
105,994
103,222
101,039
100,209
99,722
Commercial Current Accounts
36,384
37,585
38,883
41,055
43,875
45,011
49,370
50,465
51,248
Commercial Savings Accounts and Term Deposits
24,407
20,511
20,691
24,770
19,157
18,163
18,411
14,893
13,646
Building savings
0
0
0
30,463
30,061
30,852
31,129
31,378
30,777
Other due to customers
348
460
556
681
709
560
656
640
559
Core Customer deposits
0
172,832
174,419
177,926
256,213
255,856
257,086
265,550
266,200
266,529
Liabilities arising from repurchase agreement
19,441
7,104
20,828
18,707
19,177
1,820
2,700
2,413
1,466
Cash collateral received
0
0
0
0
0
0
0
0
156
Total Due to Customer
192,273
181,523
198,754
274,920
275,033
258,906
268,250
268,613
268,151
Evolution of Breakdown of Due to Banks
CZK m
Q3 2019
Q4 2019
1Q 2020
2Q 2020
3Q 2020
4Q 2020
1Q 2021
2Q 2021
3Q 2021
Deposits on demand
419
436
433
386
439
410
437
424
412
out of which Current Accounts
416
431
433
385
438
409
435
379
379
out of which Savings Accounts
3
5
0
1
1
1
2
45
33
Term Deposits
0
254
793
658
250
0
220
490
892
Liabilities arising from repurchase agreement
0
2,948
7,231
1,717
1,071
60
5,901
4,311
13,439
Other due to banks
5,066
3,000
3,000
3,000
1,500
1,500
1,830
1,784
1,785
Cash collateral received
64
453
153
73
0
7
274
404
1,021
Total Due to Banks
5,549
7,091
11,610
5,834
3,260
1,977
8,662
7,413
17,549
Fees and Commissions
Net Fee & Commission Income
MONETA Money bank, a.s.
IFRS
CZK m
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Lending servicing fees
54
53
51
50
56
59
68
67
62
Deposit servicing fees**
85
83
78
104
100
100
98
92
97
Investment fund fees
30
36
41
31
39
35
40
49
55
Insurance**
164
191
170
147
208
205
182
173
177
Penalty fees (incl. early termination fees)
58
63
60
47
52
61
81
76
72
Transactional and other fees**
179
169
156
144
159
143
120
158
162
Fee and commission income
570
595
556
523
614
603
589
615
625
Fee and commission expense*
(71)
(94)
(70)
(100)
(114)
(121)
(90)
(120)
(152)
Net fee and commission income*
499
501
486
423
500
482
499
495
473
* Data restated in Q2 2020
** Restated: 1Q 2020 - 3Q 2020 impacted by reclassification
Capital mngt
Capital management
MONETA Money bank, a.s.
CZK m
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Total CAR
18.1%
18.0%
21.0%
17.4%
17.4%
18.2%
18.5%
19.2%
18.7%
Tier 1 Ratio
16.5%
16.4%
17.4%
14.4%
14.4%
15.2%
15.5%
16.3%
15.9%
Regulatory Capital
22,453
22,652
27,013
26,657
26,780
27,999
28,813
30,419
30,635
RWA
123,829
125,629
128,621
153,511
153,638
154,131
155,952
158,825
163,655
out of which Credit Risk
110,486
112,286
115,451
137,934
138,061
138,554
140,375
143,447
148,163
out of which Operational Risk
13,343
13,343
13,170
15,577
15,577
15,577
15,577
15,378
15,492
Segment report
Segment Reporting
MONETA Money bank, a.s.
IFRS
CZK m
Commercial
Retail
Treasury / Other
Total
Nine-months ended 30 Sep 2021
Interest and similar income
2,033
4,750
146
6,929
Interest expense and similar charges
(75)
(512)
(51)
(638)
Net fee and commission income
440
1,035
(8)
1,467
Dividend income
0
0
2
2
Net income from financial operations
0
0
342
342
Other operating income
16
49
0
65
Total operating income
2,414
5,322
431
8,167
Net impairment of financial assets
162
(615)
0
(453)
Risk adjusted operating income
2,576
4,707
431
7,714
Total operating expenses
(4,112)
Profit for the period before tax
3,602
Taxes on income
(705)
Profit for the period after tax
2,897
Balance sheet by segment
CZK m
Commercial
Retail
Treasury / Other
Total
30 Sep 2021
Total assets of the segment
84,621
175,296
67,610
327,527
Net value of loans and receivables to customers
76,665
170,907
0
247,572
Total liabilities of the segment
69,261
202,835
25,505
297,601
NII
Net Interest Income
MONETA Money bank, a.s.
IFRS
Quarter ended
Nine-months ended
CZK m
30 Sep 21
30 Sep 20
30 Sep 21
30 Sep 20
Interest income from financial assets measured at amortised cost
2,489
2,491
7,303
7,401
Loans to customers
2,288
2,372
6,784
6,795
out of which interest income from impaired loans
70
32
214
99
out of which penalty interest
8
15
27
39
out of which EIR amortisation/modification and amortisation of acquisition of FV adjustments
(197)
(140)
(602)
(445)
Loans to banks
18
38
45
328
out of which arising from repurchase and reverse repurchase agreements
17
38
44
326
Cash and deposit with central bank and other banks
7
3
13
33
Interest income from investment securities at amortised cost
176
78
461
245
Interest income from hedging derivatives
(111)
(111)
(374)
(37)
Interest income and similar income
2,378
2,380
6,929
7,364
Interest expense from financial liabilities measured at amortised cost
(249)
(400)
(758)
(1,270)
Due to banks
(16)
(11)
(22)
(49)
Due to customers
(181)
(328)
(583)
(1,058)
out of which arising from repurchase agreements
(1)
(8)
(1)
(108)
out of which amortisations of acquisition FV adjustments
61
18
101
29
Subordinated debt securities issued
(42)
(42)
(126)
(118)
Mortgage-backed bonds issued
(10)
(19)
(27)
(45)
Interest expense from hedging derivatives
36
68
133
90
Interest expense on lease liabilities
(4)
(5)
(13)
(15)
Interest expense and similar expense
(217)
(337)
(638)
(1,195)
Net interest income
2,161
2,043
6,291
6,169
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Disclaimer
Moneta Money Bank a.s. published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 07:28:04 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.