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MONETA Money Bank

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MONETA Money Bank

MONETA Money Bank is the 8th largest bank in the Czech Republic. Since its acquisition of the troubled Agrobanka in 1997, the bank has developed a branch network and client base (now amounting to over 200 branches and 600 ATMs), though its focus has been shifting towards purely consumer finance in the last decade. Now, with over 1 million retail clients, the bank is primarily focused on consumer finance, ranging from instalment payments, leasing, credit cards and consumer lending to mortgage loans, although less so for the latter in recent years. The strategy is reflected in the bank's financials. its net interest margin is three times the market average (6.53% in 2012), while non-performing loans accounted for nearly 16% of total loans, reflecting the products and clients the bank has been focusing on

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Annual Quarterly

summary

Unit

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2001

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2017

income statement

Net Interest Income	CZK mil
Total Revenues	CZK mil
Operating Profit	CZK mil
Net Profit	CZK mil

...	...	8,944	9,075	9,828	9,385	9,310
...	...	12,617	12,775	13,574	12,631	12,102
...	...	7,184	7,385	7,995	7,183	6,569
...		3,899	3,817	4,259	4,180	4,506

balance sheet

Interbank Loans	CZK mil
Customer Loans	CZK mil
Debt Securities	CZK mil
Total Assets	CZK mil
Shareholders' Equity	CZK mil
Interbank Borrowing	CZK mil
Customer Deposits	CZK mil
Issued Debt Securities	CZK mil

...	...			2,555	3,838	1,114	533	139
...	...			97,180	96,328	97,493	107,197	108,437
...	...			17,151	8,856	22,835	20,401	13,277
...				141,708	137,034	134,622	143,403	140,037
...	...			29,810	33,839	38,047	42,583	27,839
...	...			267	378	123	247	289
...				108,661	98,612	93,641	97,006	108,698
...	...	...	...	0.000	0.000	5.00	16.0	8.00

ratios

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Capital Adequacy Ratio	%
Net Interest Margin	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%

...	...	14.0%	12.0%	11.8%	10.4%	12.8%
...		2.76%	2.74%	3.14%	3.01%	3.18%
...	...	3.85%	3.87%	4.11%	3.92%	3.90%
...	...	43.1%	42.2%	41.1%	43.1%	45.7%
		17.1%	20.0%	23.7%	27.8%	17.7%
...	...	6.34%	6.51%	7.24%	6.75%	6.57%
...	...	70.9%	71.0%	72.4%	74.3%	76.9%
...	...	26.7%	25.5%	23.3%	21.2%	19.3%
...	...	44.2%	44.0%	40.8%	36.5%	40.5%
...	...	21.0%	24.7%	28.3%	29.7%	19.9%
...	...	89.4%	97.7%	104%	111%	99.8%
...	...	68.6%	70.3%	72.4%	74.8%	77.4%
...	...	15.9%	16.2%	14.8%	12.9%	11.7%
...	...	76.9%	76.9%	83.8%	83.0%	84.0%

valuation

Market Capitalisation (End Of Period)	USD mil
Number Of Shares (Average)	mil
Share Price (End Of Period)
Earnings Per Share (EPS)
Book Value Per Share
Dividend Per Share
Price/Earnings (P/E)
Price/Book Value (P/BV)
Dividend Yield	%
Earnings Per Share Growth	%
Book Value Per Share Growth	%

...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	510
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	242
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	1,475
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	242
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...

Download Data

income statement

Unit

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2017

income statement

Interest Income	CZK mil
Interest Cost	CZK mil
Net Interest Income	CZK mil
Net Fee Income	CZK mil
Other Income	CZK mil
Total Revenues	CZK mil
Staff Cost	CZK mil
Depreciation	CZK mil
Other Cost	CZK mil
Operating Cost	CZK mil
Operating Profit	CZK mil
Provisions	CZK mil
Extra and Other Cost	CZK mil
Pre-Tax Profit	CZK mil
Tax	CZK mil
Minorities	CZK mil
Net Profit	CZK mil
Dividends	CZK mil

...	...												10,223	10,019	10,385	9,670	9,522
...	...												1,278	944	557	285	212
...	...												8,944	9,075	9,828	9,385	9,310
...	...												3,363	3,260	3,158	2,674	2,336
...	...												310	440	588	572	456
...	...												12,617	12,775	13,574	12,631	12,102
...	...												2,402	2,373	2,275	1,991	2,243
...	...												601	753	531	479	520
...	...												2,429	2,265	2,773	2,978	2,770
...	...												5,433	5,390	5,579	5,448	5,533
...	...												7,184	7,385	7,995	7,183	6,569
...	...												2,187	2,617	2,554	1,742	849
...	...												0.000	9.61	0.000	0.000	0.000
...	...												4,997	4,758	5,441	5,441	5,720
...	...												1,098	941	1,182	1,261	1,214
...	...												0.000	0.000	0.000	0.000	0.000
...													3,899	3,817	4,259	4,180	4,506
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	19,700	4,506

growth rates

Net Interest Income Growth	%
Net Fee Income Growth	%
Total Revenue Growth	%
Operating Cost Growth	%
Operating Profit Growth	%
Pre-Tax Profit Growth	%
Net Profit Growth	%

...	...	...	15.2%	1.46%	8.30%	-4.51%	-0.799%
...	...	...	6.11%	-3.06%	-3.13%	-15.3%	-12.6%
...	...	...	16.2%	1.25%	6.25%	-6.95%	-4.19%
...	...	...	14.7%	-0.784%	3.51%	-2.35%	1.56%
...	...	...	17.4%	2.79%	8.26%	-10.2%	-8.55%
...	...	...	29.8%	-4.78%	14.3%	0.000%	5.13%
...	...		21.2%	-2.11%	11.6%	-1.85%	7.80%

market share

Market Share in Revenues	%
Market Share in Net Profit	%
Market Share in Employees	%
Market Share in Bank Cards	%
Market Share in Debit Cards	%
Market Share in Credit Cards	%
Market Share in Branches	%

...	...											7.78%	7.64%	8.07%	7.52%	6.95%
...	...											7.31%	5.94%	6.98%	6.63%	6.79%
												8.83%	8.33%	7.62%	7.79%	7.47%
...	...	...							...	...	...	...	9.96%	9.91%	9.33%	...	...	...
...	...	...									...	...	...	...	...	...	...	...
...	...	...	...	...	...	...	...	...	...	...		...	...	...	...	...	...	...
												12.3%	12.4%	11.8%	11.4%	10.9%

Download Data

balance sheet

Unit

1998

1999

2000

2001

2002

2003

2004

2005

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2011

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2016

2017

balance sheet

Cash	CZK mil
Interbank Loans	CZK mil
Customer Loans	CZK mil
Retail Loans	CZK mil
Mortgage Loans	CZK mil
Consumer Loans	CZK mil
Corporate Loans	CZK mil
Debt Securities	CZK mil
Fixed Assets	CZK mil
Total Assets	CZK mil
Shareholders' Equity	CZK mil
Of Which Minority Interest	CZK mil
Liabilities	CZK mil
Interbank Borrowing	CZK mil
Customer Deposits	CZK mil
Retail Deposits	CZK mil
Corporate Deposits	CZK mil
Sight Deposits	CZK mil
Term Deposits	CZK mil
Issued Debt Securities	CZK mil
Other Liabilities	CZK mil

...	...												12,945	15,610	9,372	11,746	15,475
...	...												2,555	3,838	1,114	533	139
...	...												97,180	96,328	97,493	107,197	108,437
...	...												72,959	69,019	67,563	66,491	63,882
...	...												21,363	19,789	17,640	16,850	15,387
...	...												51,596	49,230	39,168	36,806	35,933
...	...												24,221	27,309	29,930	40,706	44,555
...	...												17,151	8,856	22,835	20,401	13,277
...	...	...	...	...									802	761	889	646	914
...													141,708	137,034	134,622	143,403	140,037
...	...												29,810	33,839	38,047	42,583	27,839
...	...												0.000	0.000	0.000	0.000	0.000
...	...												111,899	103,195	96,575	100,820	112,198
...	...												267	378	123	247	289
...													108,661	98,612	93,641	97,006	108,698
...	...												78,565	71,457	68,555	69,182	73,465
...	...												22,879	19,904	18,664	19,720	24,001
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	87,413	93,730	102,515
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	5,528	2,658	5,639
...	...	...	...										0.000	0.000	5.00	16.0	8.00
...	...	...	...										2,971	4,205	2,806	3,551	3,203

asset quality

Non-Performing Loans	CZK mil
Gross Loans	CZK mil
Total Provisions	CZK mil

...	...	17,432	17,779	16,513	15,547	14,023
...	...	109,709	110,001	111,329	120,097	120,215
...	...	13,407	13,673	13,836	12,900	11,778

growth rates

Customer Loan Growth	%
Retail Loan Growth	%
Mortgage Loan Growth	%
Consumer Loan Growth	%
Corporate Loan Growth	%
Total Asset Growth	%
Shareholders' Equity Growth	%
Customer Deposit Growth	%
Retail Deposit Growth	%
Corporate Deposit Growth	%

...	...	...		-0.978%	-0.877%	1.21%	9.95%	1.16%
...	...	...		-4.05%	-5.40%	-2.11%	-1.59%	-3.92%
...	...	...	...	-4.29%	-7.37%	-10.9%	-4.48%	-8.68%
...	...	...	...	-3.95%	-4.59%	-20.4%	-6.03%	-2.37%
...	...	...		9.60%	12.7%	9.60%	36.0%	9.46%
...	...			0.912%	-3.30%	-1.76%	6.52%	-2.35%
...	...	...		14.7%	13.5%	12.4%	11.9%	-34.6%
...	...			-2.13%	-9.25%	-5.04%	3.59%	12.1%
...	...	...		0.223%	-9.05%	-4.06%	0.915%	6.19%
...	...	...		-0.824%	-13.0%	-6.23%	5.66%	21.7%

market share

Market Share in Customer Loans	%
Market Share in Corporate Loans	%
Market Share in Retail Loans	%
Market Share in Consumer Loans	%
Market Share in Mortgage Loans	%
Market Share in Total Assets	%
Market Share in Customer Deposits	%
Market Share in Retail Deposits	%
Market Share in Corporate Deposits	%

...	...	4.43%	4.28%	3.92%	4.12%	3.90%
...	...	2.93%	3.27%	3.45%	4.65%	4.84%
...	...	16.0%	15.3%	11.9%	11.2%	10.3%
...	...	6.66%	6.10%	5.72%	5.41%	4.83%
...	...	2.76%	2.44%	2.07%	1.87%	1.58%
...		3.17%	2.96%	2.62%	2.70%	2.52%
...		4.04%	3.49%	3.06%	2.82%	3.09%
...	...	4.59%	4.04%	3.78%	3.60%	3.61%
...	...	3.40%	2.78%	2.40%	2.35%	2.60%

Download Data

ratios

Unit

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

ratios

ROE	%
ROA	%
Costs (As % Of Assets)	%
Costs (As % Of Income)	%
Capital Adequacy Ratio	%
Tier 1 Ratio	%
Net Interest Margin	%
Interest Spread	%
Asset Yield	%
Cost Of Liabilities	%
Payout Ratio	%
Interest Income (As % Of Revenues)	%
Fee Income (As % Of Revenues)	%
Other Income (As % Of Revenues)	%
Cost Per Employee	USD per month
Cost Per Employee (Local Currency)	CZK per month
Staff Cost (As % Of Total Cost)	%
Equity (As % Of Assets)	%
Loans (As % Of Deposits)	%
Loans (As % Assets)	%
NPLs (As % Of Loans)	%
Provisions (As % Of NPLs)	%
Provisions (As % Of Loans)	%
Cost of Provisions (As % Of Loans)	%

...	...												14.0%	12.0%	11.8%	10.4%	12.8%
...													2.76%	2.74%	3.14%	3.01%	3.18%
...	...												3.85%	3.87%	4.11%	3.92%	3.90%
...	...												43.1%	42.2%	41.1%	43.1%	45.7%
													17.1%	20.0%	23.7%	27.8%	17.7%
...	...	...	...	...	...	...	...						17.1%	20.0%	23.7%	27.8%	17.7%
...	...												6.34%	6.51%	7.24%	6.75%	6.57%
...	...	...											6.12%	6.31%	7.09%	6.67%	6.52%
...	...												7.25%	7.19%	7.65%	6.96%	6.72%
...	...	...											1.13%	0.877%	0.558%	0.289%	0.199%
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	471%	100%
...	...												70.9%	71.0%	72.4%	74.3%	76.9%
...	...												26.7%	25.5%	23.3%	21.2%	19.3%
...	...												2.45%	3.44%	4.33%	4.53%	3.77%
...	...												3,247	3,021	3,198	2,471	2,543
...	...												57,427	59,091	62,569	52,806	60,707
...	...												44.2%	44.0%	40.8%	36.5%	40.5%
...	...												21.0%	24.7%	28.3%	29.7%	19.9%
...	...												89.4%	97.7%	104%	111%	99.8%
...	...												68.6%	70.3%	72.4%	74.8%	77.4%
...	...												15.9%	16.2%	14.8%	12.9%	11.7%
...	...												76.9%	76.9%	83.8%	83.0%	84.0%
...	...												13.8%	14.2%	14.2%	12.0%	10.9%
...	...												2.24%	2.70%	2.64%	1.70%	0.787%

Download Data

other data

Unit

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

other data

Branches
Employees
ATMs
Clients	mil
Payment Cards	'000
Debit Cards	'000
Credit Cards	'000
Sight (As % Of Customer Deposits)	%

													253	260	252	243	236
													3,486	3,346	3,030	3,142	3,079
...	...	...											690	706	708	700	686
...	...												1.06	1.06	1.05	1.03	1.00
...	...	...							...	...		...	...	1,013	1,016	1,028	...	...	...
...	...	...										...	...	...	...	...	...	...	...
...	...	...	...	...	...	...	...	...	...	...			...	...	...	...	...	...	...
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...

Download Data

Comparison of 22 Banks in Czech Republic

January 24, 2019

This Quarterly Statistical Dossier offers a comparison of 22 Czech banks from Dec 96 to Sep 18 on an quarterly basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the

This Quarterly Statistical Dossier offers a comparison of 22 Czech banks from Dec 96 to Sep 18 on an quarterly basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking business such as asset quality, number and cost of employees or details on banking infrastructure.

The file contains data of following banks:

If you are only interested in particular areas of a bank's business, you can find and download specific indicators from the bank's Corporate Profile, or specific charts from the bank's Chart Section, where you can find a comparison of the bank with its peers.

Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.

If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier. Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.

Comparison of 24 Banks in Czech Republic

January 24, 2019

This Annual Statistical Dossier offers a comparison of 24 Czech banks from 1990 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking

This Annual Statistical Dossier offers a comparison of 24 Czech banks from 1990 to 2017 on an annual basis. The report can be downloaded as an Excel file.

The file contains data of following banks:

Alternatively, you can find similar data for the Czech banking sector in the banking Sector Profile.

Comparison of 12 Companies within PX Index

November 18, 2018

This Annual Statistical Dossier offers a comparison of 12 banks from PX Index from 1900 to 2017 on an annual basis. The report can be downloaded as an Excel file.

You will find here the key numbers from the banks' balance sheets such as loan and deposit breakdown, or capitalization, income statements for the sector and the main ratios related to the banking

This Annual Statistical Dossier offers a comparison of 12 banks from PX Index from 1900 to 2017 on an annual basis. The report can be downloaded as an Excel file.

The file contains data of following banks:

If you are interested in the banking quarterly figures, please refer to the banking Quarterly Statistical Dossier.

Download a sample excel file attached to see more details. On purchase, the hidden cells will be unlocked and all available data wll be visible.

MONETA Money Bank in Quarterly Numbers

November 13, 2018

This Quarterly statistical dossier offers a summary of MONETA Money Bank's performance between Dec 00 and Sep 18 on an quarterly basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset

This Quarterly statistical dossier offers a summary of MONETA Money Bank's performance between Dec 00 and Sep 18 on an quarterly basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios, number and cost of employees or a detailed breakdown of some of the bank's business such as its loan portfolio.

In addition, the excel file provides a detailed overview of the bank's market position in comparison with the overall banking sector. You can, for example, track MONETA's market position in mortgage or consumer lending.

If you are only interested in particular areas of the bank's business, you can find and download specific indicators from the bank's corporate profile, or specific charts from the bank's charts section, where you can find a comparison of the bank with its peers.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

MONETA Money Bank in Numbers

September 26, 2018

This Annual statistical dossier offers a summary of MONETA Money Bank's performance between 1998 and 2017 on an annual basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital

This Annual statistical dossier offers a summary of MONETA Money Bank's performance between 1998 and 2017 on an annual basis. The report can be downloaded as an excel file.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

Czech Banking - Analysis of 3Q2014

January 11, 2015

This report analyses the main trends in the Czech banking with a special focus on the 3Q2014's performance. In the 108-page report, you will find all the necessary details regarding profitability of the sector, breakdown and trends of the volume growth, market share, margin and asset quality development in the sector and within the particular segments of the market.

In addition, you will find here financials and market share of the 20 banks we cover in the Czech Republic including all key ratios describing their business. The report includes 446 charts and 40 tables.

The key points are:

Czech commercial banks announced a net profit of CZK 14,387 mil in the third quarter of the year, up 3.5% compared to the same period last year. In the first nine months of the year, however, the banks' profit dropped 0.8% yoy to CZK 50,258 mil. This implies an annualised ROE of 11.6% for the last 12 months.
Loans grew 0.6% qoq (or 5.2% yoy) in the third quarter. Mortgages still drive the volume growth (creating 90% of the loan growth in the 3rd quarter and 57% ytd) while corporate loans and consumer lending stagnate.
The weak momentum is especially disappointing as the economy picks up. Banks are overcapitalized (CAR at 18%) and have plenty of cheap deposits to play with (with loans accounting for 76% of deposits only).
In addition, asset quality remains of little concern. Non-performing loans account for 6.2% of total loans while half of them are covered by loan provisions.
The trio of the largest banks (Sporitelna, CSOB and Komercni Banka) created 70% of the quarterly profit and 66% of loan growth in the third quarter of the year. Despite losing market share in revenue or overall assets, their market dominance continues. On the other hand, small players finally seem to be challenging the "boring" status quo.

You might also find all banks' financials in the Company section at www.helgilibrary.com/companies, and key charts for each bank at www.helgilibrary.com/charts.

The report is free to download, just register at our webpage.

GE Money Bank CR - Analysis of 3Q2014 Performance

January 10, 2015

This report analyses the performance of the Bank for the 3Q2014. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the Bank.

The key highlights are:

GE Money's net rises 11.4% in 3Q14...

GE Money Bank reported a net profit of CZK 1,083 mil. in 3Q14,

This report analyses the performance of the Bank for the 3Q2014. You will find all the necessary details regarding volume growth, market share, margin and asset quality development in the Bank.

The key highlights are:

GE Money's net rises 11.4% in 3Q14...

GE Money Bank reported a net profit of CZK 1,083 mil. in 3Q14, up 11.4% compared to the same period last year. As revenue fell a further 10.3% yoy and operating profit was down 5.2%, the whole bottom line improvement came from the lower cost of provisioning.

The overall profitability looks good in spite of the weak momentum and low-quality profit drivers. GE Money's capital adequacy rose to nearly 28% at the end of September, which means the "true" bank's ROE is closer to the 20% level (instead of 10.5% reported in 3Q14). This is very impressive by any standards.

...thanks to lower provisions

Loan provisions have, on average, eaten more than a third of the bank's operating profit in 2011-2013. The fall to 18% at the end of the third quarter of 2014 therefore serves as an important booster to the bank's bottom line:

In addition, the lower cost of risk is not at the expense of declining provision coverage. The share of non-performing loans dropped to below 16% of total loans in September (down from 17.7% three years ago) while provision coverage remains stable at an impressive 75-80% of NPLs.

Balance sheet momentum gets worse...

Negative momentum in the bank's balance sheet therefore remains the single biggest worry in our view. Total loans dropped a further 2.7% yoy while deposits fell more than 1.0% yoy.

This is the result of the bank's strategy and market trends rather than weak sales in our view. GE Money Bank's business model is heavily focused on consumer lending. The bank continues to lose market share in mortgage lending (the fastest-growing business for a decade now) while it remains on the sidelines in the corporate segment. So, when Czechs don't spend and lever up, GE Money's business suffers.

...and the bank remains overcapitalized

A mixture of superior profitability, weak loan growth and no dividend policy resulted in a hefty overcapitalisation of the bank. At the end of September, GE Money's capital adequacy reached a "horrific" 27.6%. That is too much even for the generally over-capitalised Czech market with the average CAR at 18%:

Nor is funding an issue. Loans accounted for 96% of deposits only at the end of the third quarter. While lower than the market average, this is well below the 133% seen at GE Money in the middle of 2007.

You will find more details about the bank at www.helgilibrary.com/companies

GE Money Czech Rep. at a Glance

January 28, 2014

GE Money Bank, a part of the worldwide General Electric concern, is the 8th largest bank in the Czech Republic. Since its acquisition of the troubled Agrobanka in 1997, the bank has developed a branch network and client base (now amounting to over 200 branches and 600 ATMs), though its focus has been shifting towards purely consumer finance in the last decade. Now, with over 1 million retail clients, the bank is primarily focused on consumer finance, ranging from instalment payments, leasing, credit cards and consumer lending to mortgage loans, although less so for the latter in recent years. The strategy is reflected in the bank's financials. its net interest margin is three times the market average (6.53% in 2012), while non-performing loans accounted for nearly 16% of total loans, reflecting the products and clients the bank has been focusing on.

This report offers a summary of the company's performance in 1999-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business.

In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector

GE Money Czech Republic at a Glance

July 24, 2013

GE Money Bank CR, a part of the worldwide General Electric concern, is the 8th largest bank in the Czech Republic. Since its acquisition of the troubled Agrobanka in 1997, the bank has developed a branch network and client base (now amounting to over 200 branches and 600 ATMs), though its focus has been shifting towards purely consumer finance in the last decade. Now, with over 1 million retail clients, the bank is primarily focused on consumer finance, ranging from instalment payments, leasing, credit cards and consumer lending to mortgage loans, although less so for the latter in recent years.

The strategy is reflected in the bank's financials. its net interest margin is three times the market average (6.53% in 2012), while non-performing loans accounted for nearly 16% of total loans, reflecting the products and clients the bank has been focusing on.

This report offers a summary of the company's performance in 2003-2012. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business. In addition, the report provides a detailed overview of the bank's market position in the comparison with the overall banking sector.

GE Money Czech Republic in Numbers

July 23, 2013

This excel file offers a summary of the company's performance in between 1Q2003-1Q2013, both on the quarterly as well as the annual basis. You will find here all the key numbers from the bank's balance sheet, income statement and main ratios related to the bank's business. In addition, the file provides a detailed overview of the bank's market position in the comparison with the overall banking sector

GE Money Czech Rep. - Analysis of Mortgage Lending in 1Q13

June 16, 2013

This report analyses the housing lending in the Czech Republic for the 1Q2013. You will find all the necessary details regarding volume growth (for both, the mortgage as well as Building Society lending), market share, margin and asset quality development in the mortgage segment. Also, based on the example of Hypotecni Banka, we calculate profitability of the mortgage

This report focuses specifically on development in GE Money Bank CR in the 1Q2013. The key highlights are:

GE Money continues to retreat from mortgages

As part of its global strategy, the Czech Republic’s GE Money Bank continues to retreat from mortgage lending. In 1Q13, mortgage loans dropped a further 3.4% qoq, while the annual reduction deepened to 9.9% yoy. That is compared to a market which grew 1% qoq and 6.3% yoy

...as part of its global strategy

GE Money Bank remains one of the few banks on the Czech market which continues not only to lose market share, but also to reduce its mortgage loan portfolio. From having 5.7% of the mortgage market in March 2007, the bank was holding only 2.7% of the total at the end of March 2013. In addition, GE Money’s mortgage loan book has dropped nearly 25% since the end of 2008, while the market has grown 45% during the same period.

In terms of new production, the bank sold 1.6% of the new mortgages generated on the market in 2012. The momentum continues to deteriorate as 1Q13 sales imply a further reduction to only 1.0% of the total number of mortgage loans sold.

When compared to its nearest peers, Raiffeisenbank and UniCredit, GE Money Bank has been selling at less then 20% of their level in recent quarters.

Mortgages – 6% of GE Money Bank’s profit?

Residential mortgage loans represented still more than a fifth of GE Money’s total loans at the end of March 2013. Although this is 7% lower than five years ago, it is still a third higher than at UniCredit Bank in relative terms, for example.

When Hypoteční banka’s financials are taken as a benchmark (for more details see page 9), we believe mortgage lending business generates around 6% of GE Money’s overall profitability now.

This is less than the 24% of Raiffeisenbank and 20% of ČSOB, the two universal banks most exposed to the mortgage business. This is also less than the 10-15% we calculated for UniCredit Bank

Analysis of Mortgage Lending in 1Q13

June 14, 2013

This report provides a summary of the development in the 1Q2013. The key highlights are:

Mortgage loans increased by less than 1% qoq in the seasonally weakest quarter of the year, but the overall momentum stabilized. The annual increase remained unchanged at 6.3% yoy and sales of new loans of CZK 27.8 bil were nearly as high as in the same quarter last year:

Mortgage loans reached 18.2% of GDP at the end of March 2013, or more than a third of bank loans when other housing loans are included. Nearly 15% of Czech households have a mortgage loan now, while more than 14% of residential dwellings were financed through a mortgage loan, according to our calculations.

The average interest rate on mortgage loans continues to decline in line with the overall market trends. It reached 3.17% in 1Q13 while the average interest rate on the total mortgage loan stock dropped below 4.5%. This would imply that new loans were sold still with a decent 220 bp margin over a 5-year swap in 1Q13.

The share of non-performing loans increased slightly in the 1Q13, from 3.16% to 3.30% of total mortgage loans at the end of March. This is a result of the overall low indebtedness of Czech households, strict lending procedures and only a mild fall in real estate prices. Czech housing affordability remains one of the best in Europe.

As mortgage loans have grown to a sizable amount, the business has become much more cost-efficient and profitable. We estimate mortgage business generates ROE of over 20% and contributes around 15% to the banking sector’s bottom line. LBBW and Raiffeisen seem to generate over 20% of their profits from mortgages when Hypoteční Banka’s results are taken as a guide.

The three largest banks (ČSOB, Česká Spořitelna and Komerční banka) further cemented their market position in 1Q13 taking their share to 65.4%. ČSOB remains the leader closely followed by Spořitelna. In 1Q13, Raiffeisen confirmed its turnaround while GE Money Bank continued losing its market position the most.

GE Money Czech Republic - Analysis of Mortgage Lending in 4Q12

April 28, 2013

This report analyses the housing lending in the Czech Republic for the 4Q2012. You will find all the necessary details regarding volume growth (for both, the mortgage as well as Building Society lending), market share, margin and asset quality development in the mortgage segment. Also, based on the example of Hypotecni Banka, we calculate profitability of the mortgage

This report focuses specifically on development in GE Money Bank Czech Republic in the 4Q2012. The key highlights are:

Mortgage loan growth slowed down to 6.3% yoy, while sales of new mortgages dropped to last year’s level in 4Q12.
The top 3 banks further cemented their market position to over 65% in 2012. They sold more than 70% of the new mortgages in 4Q12.
ČSOB is the clear winner for the year 2012, while GE Money Bank and Raiffeisenbank lost the most.

Mortgage loans represented nearly 30% of all bank loans in 4Q12. The mortgage business generates around 15% of banks’ profits.

GE Money continues to retreat from mortgages

As part of its global strategy, the Czech Republic’s GE Money Bank continues to retreat from mortgage lending. In 4Q, mortgage loans dropped a further 3.5% qoq, while the annual reduction deepened to 7.4% yoy in 2012. That is compared to a market which grew 2% qoq and 6.3% yoy.

...as part of its global strategy

GE Money Bank remains one of the few banks on the Czech market which continues not only to lose market share, but also to reduce its mortgage loan portfolio. From having 5.7% of the mortgage market in March 2007, the bank was holding only 2.8% of the total at the end of 2012. In addition, GE Money’s mortgage loan book has dropped 22% since the end of 2008, while the market has grown 43.5% during the same period.

In terms of new production, the bank sold 1.6% of the new mortgages generated on the market in 2012. The momentum continues to deteriorate as 4Q sales imply a further reduction to only 1.3% of the total number of mortgage loans sold.

When compared to its nearest peers, Raiffeisenbank and UniCredit, GE Money Bank has been selling at less then 20% of their level in recent quarters.

Mortgages – 6% of GE Money Bank’s profit?

Residential mortgage loans represented more than a fifth of GE Money’s total loans at the end of 2012. Although this is 7% lower than five years ago, it is still a third higher than at UniCredit Bank in relative terms, for example.

When Hypoteční banka’s financials are taken as a benchmark, we believe mortgage lending business generates around 6% of GE Money’s overall profitability now.

This is less than the 24% of Raiffeisenbank and 20% of ČSOB, the two universal banks most exposed to the mortgage business. This is also less than the 10-15% we calculated for UniCredit Bank

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What Banks in Czechia Had the Most Bad Loans in 2017?

March 12, 2019

Based on a comparison of 23 banks in the Czech Republic in 2017, Moravsky Penezni Ustav had the highest share of bad loans, followed by PPF Banka and Fio banka.

Moravsky Penezni Ustav's non-performing loans reached 26.4% of total loans at

Based on a comparison of 23 banks in the Czech Republic in 2017, Moravsky Penezni Ustav had the highest share of bad loans, followed by PPF Banka and Fio banka.

Moravsky Penezni Ustav's non-performing loans reached 26.4% of total loans at the end of 2017, up from 24.4% when compared to the previous year. Historically, the NPL ratio hit an all time high of 39.4% in 2015 and an all time low of 2.23% in 2008.

Provision coverage amounted to 13.8% at the end of 2017, up from 7.63% compared to a year earlier.

Comparing Moravsky Penezni Ustav with its closest peers, PPF Banka operated at the end of 2017 with NPL ratio of 13.8% and provision coverage of 22.6%, Fio banka with 11.8% and 32.7% and J&T Banka had 10.7% of bad loans covered with 39.3% by provisions at the end of 2017.

Non-performing loans of the whole Czechia’s banking sector amounted to 3.74% of total loans in 2017, down from 4.59% when compared to the last year.

You can see all the banks non-performing loans data on the NPLs (As % Of Loans) indicator page or you can download a report on the Czech banks in the report section.

What Banks in Czechia Generated the Most Fees in 3Q2016?

March 12, 2019

Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Ceska Sporitelna generated the largest fee income, followed by Komercni Banka and CSOB.

Ceska Sporitelna reported total fee income of CZK 2,252 mil, down 4.74%

Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Ceska Sporitelna generated the largest fee income, followed by Komercni Banka and CSOB.

Ceska Sporitelna reported total fee income of CZK 2,252 mil, down 4.74% when compared to the previous quarter and down 6.71% when compared to the same period of last year. Historically, the bank’s fee income reached an all time high of CZK 3,220 mil in 4Q2011 and an all time low of CZK 1,384 mil in 1Q2001.

When compared to the nearest peers, Komercni Banka generated total fee income of CZK 1,629 mil, CSOB operated with CZK 1,508 mil fee income and UniCredit Czech Republic produced total fees worth CZK 837 mil.

You can see all the banks fee income data at Fee Income indicator page or you can download a report on the Czech banks in the report section.

What Banks in Czechia Generated the Most Revenues in 3Q2016?

March 12, 2019

Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.

Ceska Sporitelna reported total revenues of CZK 9,481 mil, down 0.667%

Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Ceska Sporitelna generated the largest revenues, followed by CSOB and Komercni Banka.

Ceska Sporitelna reported total revenues of CZK 9,481 mil, down 0.667% when compared to the previous quarter and down 4.26% when compared to the same period of last year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of CZK 12,013 mil in 2Q2009 and an all time low of CZK 4,937 mil in 1Q2001. The average revenue in the last five years amounted to CZK 10,284 mil.

Bank's total revenues accounted for 3.49% of total assets in 3Q2016, down from 4.13% a year earlier.

When compared to the nearest peers, CSOB generated total revenues of CZK 7,963 mil, or 2.98% of assets in 3Q2016, Komercni Banka operated with CZK 7,702 mil total income, or 3.20% revenue margin and UniCredit Czech Republic produced total income worth CZK 3,660 mil, or 2.40% of assets.

Czech banking sector generated total revenues of CZK 41,060 mil in 3Q2016, down 3.16% when compared to the last year. As a result, the top ranked company - Ceska Sporitelna accounted for 23.1% of the sector’s total income in 3Q2016. The top 3 companies held a 61.2% share while the five largest firms some 76.7% in 3Q2016.

You can see all the banks revenues data at Total Revenues indicator page or you can download a report on the Czech banks in the report section.

What Banks in Czechia Were the Most Cost Efficient in 3Q2016?

March 12, 2019

Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Hypotecni Banka was the most cost efficient bank, followed by Stavebni Sporitelna Ceske Sporitelny and PPF Banka.

Hypotecni Banka's cost to income ratio reached 17.4% in 3Q2016,

Based on a comparison of 21 banks in the Czech Republic in 3Q2016, Hypotecni Banka was the most cost efficient bank, followed by Stavebni Sporitelna Ceske Sporitelny and PPF Banka.

Hypotecni Banka's cost to income ratio reached 17.4% in 3Q2016, down from 18.1% when compared to the previous quarter and up from 16.9% when compared to the same period of last year. Historically, the bank’s costs reached an all time high of 77.0% in 4Q2002 and an all time low of -93.3% in 4Q2000.

When compared to total assets, bank's cost amounted to 1.39% in 3Q2016, down from 0.355% a year earlier.

When compared to the nearest peers, Stavebni Sporitelna Ceske Sporitelny operated in 3Q2016 with a cost to income ratio of 27.6%, PPF Banka reached 30.2% and Raiffeisen Stavebni Sporitelna some 34.7%.

The average cost to income ratio reached 47.3% in the Czech banking sector in 3Q2016.

You can see all the banks cost efficiency data at Costs (As % Of Income) indicator page or you can download a report on the Czech banks in the report section.

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MONETA's net interest margin rose 4.15% to 4.00% in 3Q2018

MONETA's net profit rose 31.0% to CZK 1,242 mil in 3Q2018

MONETA's price/earnings (P/E) fell 20.7% to 8.43 in 3Q2018

MONETA's corporate loans rose 0.014% to CZK 64,737 mil in 3Q2018

MONETA's costs (as % of assets) rose 1.69% to 2.36% in 3Q2018

MONETA's capital adequacy ratio rose 3.75% to 16.6% in 3Q2018

MONETA's share price (end of period) rose 3.86% to 82.0 in 3Q2018

MONETA's net interest income rose 4.32% to CZK 1,859 mil in 3Q2018

MONETA's npls (as % of loans) fell 31.3% to 4.10% in 2017

MONETA's customer deposits rose 21.7% to CZK 141,469 mil in 2017

MONETA's employees rose 6.36% to 3,312 in 2017