Disclaimer

Disclaimer This document is intended for information purposes only and does not replace any statutory or regulatory reporting. The data in this document have been extracted from published regulatory information of MONETA Money Bank, a.s., including its consolidated financial statements and notes thereto and its half-year report and are being presented herein to facilitate easier analysis of financial trends. Special care has been applied to the extracting this information, however MONETA Money Bank, a.s. does not accept any liability for any potential errors or inaccuracy of any information herein. This is not an offer to sell or a solicitation of offers to purchase or subscribe for shares of MONETA Money Bank, a.s., other securities or other financial instruments. Copyright © 2021 MONETA Money Bank, a.s.

Information

Information to results preceding 3Q 2019 Results of MONETA Money Bank, a.s. achieved in periods preceding 3Q 2019 and presented in this document can be found on investors.moneta.cz in document Basic financial data 3Q 2019. Copyright © 2021 MONETA Money Bank, a.s.

BS
Consolidated statement of financial position
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
Assets
Cash and balances with the central bank 6,684 6,697 9,993 7,693 10,017 7,782 7,962 7,824 8,760
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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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.