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MONETA Money Bank

MONETA's mortgage loans fell 4.05% yoy to CZK 127,565 mil in 4Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank's mortgage loans reached CZK 127,565 mil in 4Q2023, down 1.29% compared to the previous year. Czech banking s...

MONETA's net interest margin fell 13.3% yoy to 1.92% in 4Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank's net interest margin amounted to 1.92% in the fourth quarter of 2023, down from 2.01% when compared to the pr...

MONETA's customer loans rose 0.082% yoy to CZK 268,987 mil in 3Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank's customer loans reached CZK 268,987 mil in 2023-09-30, up 0.358% compared to the previous year. Czech bankin...

Profit Statement 2021 2022 2023
Net Interest Income CZK mil 8,609 9,311 8,577
Net Fee Income CZK mil 2,050 2,298 2,624
Other Income CZK mil 509 507 946
Total Revenues CZK mil 11,168 12,116 12,147
Staff Cost CZK mil 2,562 2,528 2,504
Operating Profit CZK mil 5,630 6,522 6,417
Provisions CZK mil 695 90.0 305
Net Profit CZK mil 3,984 5,187 5,200
Balance Sheet 2021 2022 2023
Interbank Loans CZK mil 15,602 37,886 69,632
Customer Loans CZK mil 255,612 268,752 263,064
Investments CZK mil 49,200 57,951 104,353
Total Assets CZK mil 340,222 387,510 458,184
Shareholders' Equity CZK mil 29,481 31,091 32,203
Interbank Borrowing CZK mil 12,580 5,953 5,423
Customer Deposits CZK mil 285,145 334,251 399,497
Issued Debt Securities CZK mil 7,106 10,207 11,412
Ratios 2021 2022 2023
ROE % 14.1 17.1 16.4
ROA % 1.24 1.43 1.23
Costs (As % Of Assets) % 1.73 1.54 1.36
Costs (As % Of Income) % 49.6 46.2 47.2
Capital Adequacy Ratio % 17.1 18.0 20.1
Net Interest Margin % 2.69 2.56 2.03
Loans (As % Of Deposits) % 89.6 80.4 65.8
NPLs (As % Of Loans) % 2.20 1.40 1.40
Provisions (As % Of NPLs) % 101 135 122
Valuation 2021 2022 2023
Market Capitalisation USD mil 2,182 1,717 2,138
Number Of Shares mil 511 511 511
Share Price CZK 93.8 76.0 93.6
Price/Earnings (P/E) 12.0 7.49 9.20
Price/Book Value (P/BV) 1.62 1.25 1.49
Dividend Yield % 3.20 10.5 9.62
Earnings Per Share (EPS) CZK 7.80 10.2 10.2
Book Value Per Share CZK 57.7 60.8 63.0
Dividend Per Share CZK 3.00 8.00 9.00

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                                
Net Interest Income CZK mil                                   7,364 7,409 7,925 8,282 8,609    
Total Revenues CZK mil                                   10,241 10,162 10,519 12,098 11,168    
Operating Profit CZK mil                                   5,388 5,310 5,500 6,572 5,630    
Net Profit CZK mil                                   3,923 4,200 4,019 2,601 3,984    
balance sheet                                                
Interbank Loans CZK mil                                   53,380 33,436 23,485 22,872 15,602    
Customer Loans CZK mil                                   123,680 140,123 156,409 226,072 255,612    
Investments CZK mil                                   11,828 20,780 25,972 35,917 49,200    
Total Assets CZK mil                                   199,734 206,932 219,053 300,958 340,222    
                                                   
Shareholders' Equity CZK mil                                   25,763 25,237 24,411 27,050 29,481    
Interbank Borrowing CZK mil                                   29,643 10,716 7,091 1,977 12,580    
Customer Deposits CZK mil                                   141,469 168,792 181,523 258,906 285,145    
Issued Debt Securities CZK mil ... ...                               68.0 0 2,006 7,393 7,106    
ratios                                                
ROE % ...                                 14.8 16.5 16.2 10.1 14.1    
ROA % ...                                 2.25 2.07 1.89 1.00 1.24    
Costs (As % Of Assets) % ...                                 2.78 2.39 2.36 2.13 1.73    
Costs (As % Of Income) %                                   47.4 47.7 47.7 45.7 49.6    
Capital Adequacy Ratio %                                   17.4 16.4 18.0 18.2 17.1    
Net Interest Margin % ...                                 4.22 3.64 3.72 3.19 2.69    
Interest Income (As % Of Revenues) %                                   71.9 72.9 75.3 68.5 77.1    
Fee Income (As % Of Revenues) %                                   18.9 18.6 18.5 15.6 18.4    
Staff Cost (As % Of Total Cost) %                                   50.6 47.9 46.2 45.6 46.3    
Equity (As % Of Assets) %                                   12.9 12.2 11.1 8.99 8.67    
Loans (As % Of Deposits) %                                   87.4 83.0 86.2 87.3 89.6    
Loans (As % Assets) %                                   61.9 67.7 71.4 75.1 75.1    
NPLs (As % Of Loans) %                                   4.10 2.80 1.80 2.30 2.20    
Provisions (As % Of NPLs) %                                   76.8 99.9 109 110 101    
valuation                                                
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   1,978 1,649 1,920 1,625 2,182    
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     511 511 511 511 511    
Share Price CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   82.4 72.5 85.0 68.0 93.8    
Earnings Per Share (EPS) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     7.68 8.22 7.86 5.09 7.80    
Book Value Per Share CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     50.4 49.4 47.8 52.9 57.7    
Dividend Per Share CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     8.00 9.45 3.30 0 3.00    
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   10.7 8.82 10.8 13.4 12.0    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   1.63 1.47 1.78 1.28 1.62    
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   9.71 13.0 3.88 0 3.20    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   -3.23 7.06 -4.31 -35.3 53.2    
Book Value Per Share Growth % ...                                 -5.52 -2.04 -3.27 10.8 8.99    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
income statement                                                
Interest Income CZK mil                                   7,582 7,820 8,933 9,712 9,649    
Interest Cost CZK mil                                   218 411 1,008 1,430 1,040    
Net Interest Income CZK mil                                   7,364 7,409 7,925 8,282 8,609    
Net Fee Income CZK mil                                   1,933 1,892 1,950 1,891 2,050    
Fee Income CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2,528    
Fee Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 478    
Other Income CZK mil                                   944 861 644 1,925 509    
Total Revenues CZK mil                                   10,241 10,162 10,519 12,098 11,168    
Staff Cost CZK mil                                   2,456 2,324 2,318 2,519 2,562    
Depreciation CZK mil                                   414 610 967 1,129 1,196    
Other Cost CZK mil                                   1,983 1,918 1,734 1,878 1,780    
Operating Cost CZK mil                                   4,853 4,852 5,019 5,526 5,538    
Operating Profit CZK mil                                   5,388 5,310 5,500 6,572 5,630    
Provisions CZK mil                                   381 274 717 3,562 695    
Extra and Other Cost CZK mil                                   104 0 -200 0 0    
Pre-Tax Profit CZK mil                                   4,903 5,036 4,983 3,010 4,935    
Tax CZK mil                                   980 836 964 409 951    
Minorities CZK mil                                   0 0 0 0 0    
Net Profit CZK mil                                   3,923 4,200 4,019 2,601 3,984    
Net Profit Avail. to Common CZK mil                                   3,923 4,200 4,019 2,601 3,984    
Dividends CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     4,088 4,829 1,686 0 1,533    
growth rates                                                
Net Interest Income Growth % ...                                 -11.3 0.611 6.96 4.50 3.95    
Net Fee Income Growth % ...                                 -1.43 -2.12 3.07 -3.03 8.41    
Total Revenue Growth % ...                                 -7.39 -0.771 3.51 15.0 -7.69    
Operating Cost Growth % ...                                 -4.54 -0.021 3.44 10.1 0.217    
Operating Profit Growth % ...                                 -9.81 -1.45 3.58 19.5 -14.3    
Pre-Tax Profit Growth % ...                                 -2.85 2.71 -1.05 -39.6 64.0    
Net Profit Growth % ...                                 -3.23 7.06 -4.31 -35.3 53.2    
market share                                                
Market Share in Revenues %                                   5.72 5.34 5.20 6.71 6.06   ...
Market Share in Net Profit %                                   5.21 5.16 4.41 5.48 5.66    
Market Share in Employees %                                   7.91 7.47 7.11 7.39 7.51   ...
Market Share in Bank Cards %                     ... ...       ... ... ... ... ... ... ... ... ...
Market Share in Debit Cards %                     ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Credit Cards %                     ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Branches %                                   11.7 10.3 9.43 9.46 9.65   ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
balance sheet                                                
Cash & Cash Equivalents CZK mil                                   7,127 8,139 6,697 7,782 11,204    
Interbank Loans CZK mil                                   53,380 33,436 23,485 22,872 15,602    
Customer Loans CZK mil                                   123,680 140,123 156,409 226,072 255,612    
Retail Loans CZK mil                                   61,984 74,799 89,897 151,128 174,784    
Mortgage Loans CZK mil                                   20,338 31,615 43,737 97,629 122,634    
Consumer Loans CZK mil                                   41,646 43,184 46,160 53,499 52,150    
Corporate Loans CZK mil                                   61,696 65,319 66,774 75,498 80,896    
Investments CZK mil                                   11,828 20,780 25,972 35,917 49,200    
Property and Equipment CZK mil ... ... ...                             872 1,296 2,948 2,696 2,631    
Intangible Assets CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   1,301 1,789 2,283 2,957 3,184    
Goodwill CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   8.00 ... ... ... ... ... ...
Total Assets CZK mil                                   199,734 206,932 219,053 300,958 340,222    
                                                   
Shareholders' Equity CZK mil                                   25,763 25,237 24,411 27,050 29,481    
Of Which Minority Interest CZK mil                                   0 0 0 0 0    
Liabilities CZK mil                                   173,971 181,695 194,642 273,908 310,741    
Interbank Borrowing CZK mil                                   29,643 10,716 7,091 1,977 12,580    
Customer Deposits CZK mil                                   141,469 168,792 181,523 258,906 285,145    
Retail Deposits CZK mil                                   83,021 94,448 115,863 193,352 216,915    
Corporate Deposits CZK mil                                   48,503 54,428 58,096 63,174 67,920    
Sight Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 116,907    
Term Deposits CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 168,238    
Issued Debt Securities CZK mil ... ...                               68.0 0 2,006 7,393 7,106    
Subordinated Debt CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2,006 4,681 4,684    
Other Liabilities CZK mil ... ...                               2,791 2,187 4,022 5,632 5,910    
asset quality                                                
Non-Performing Loans CZK mil                                   5,236 3,923 2,820 5,212 5,625    
Gross Loans CZK mil                                   127,700 140,118 156,671 226,626 255,680    
Risk-Weighted Assets CZK mil                                   118,547 122,202 125,629 154,131 169,241    
Total Provisions CZK mil                                   4,020 3,919 3,080 5,744 5,692    
growth rates                                                
Customer Loan Growth % ...                                 10.6 13.3 11.6 44.5 13.1    
Retail Loan Growth % ...                                 -4.91 20.7 20.2 68.1 15.7    
Mortgage Loan Growth % ...                                 30.6 55.4 38.3 123 25.6    
Consumer Loan Growth % ...                                 -16.1 3.69 6.89 15.9 -2.52    
Corporate Loan Growth % ...                                 32.2 5.87 2.23 13.1 7.15    
Total Asset Growth % ...                                 33.7 3.60 5.86 37.4 13.0    
Shareholders' Equity Growth % ...                                 -5.52 -2.04 -3.27 10.8 8.99    
Customer Deposit Growth % ...                                 21.7 19.3 7.54 42.6 10.1    
Retail Deposit Growth % ...                                 13.5 13.8 22.7 66.9 12.2    
Corporate Deposit Growth % ...                                 14.4 12.2 6.74 8.74 7.51    
market share                                                
Market Share in Customer Loans %                                   4.01 4.24 4.53 6.29 6.64   ...
Market Share in Corporate Loans %                                   6.04 6.05 5.96 6.72 6.81    
Market Share in Retail Loans %                                   4.06 4.55 5.15 8.13 8.55    
Market Share in Consumer Loans %                                   10.9 10.8 11.1 12.7 11.6   ...
Market Share in Mortgage Loans %                                   1.77 2.54 3.29 6.80 7.69    
Market Share in Total Assets %                                   2.85 2.84 2.90 3.78 3.99   ...
Market Share in Customer Deposits %                                   3.39 3.80 3.83 5.02 5.18    
Market Share in Retail Deposits %                                   3.50 3.69 4.25 6.33 6.64    
Market Share in Corporate Deposits %                                   4.87 5.23 5.31 5.19 5.19    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                                 
ROE % ...                                 14.8 16.5 16.2 10.1 14.1    
ROTE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 15.4 17.5 17.6 11.3 15.8    
ROE (@ 15% of RWA) % ...                                 23.0 23.3 21.6 12.4 16.4    
ROA % ...                                 2.25 2.07 1.89 1.00 1.24    
Return on Loans %                                   3.33 3.18 2.71 1.36 1.65    
Operating Profit (As % of RWA) % ...                                 4.73 4.41 4.44 4.70 3.48    
Costs (As % Of Assets) % ...                                 2.78 2.39 2.36 2.13 1.73    
Costs (As % Of Income) %                                   47.4 47.7 47.7 45.7 49.6    
Costs (As % Of Loans) % ...                                 4.12 3.68 3.39 2.89 2.30    
Costs (As % Of Loans & Deposits) % ...                                 1.97 1.69 1.55 1.34 1.08    
Capital Adequacy Ratio %                                   17.4 16.4 18.0 18.2 17.1    
Tier 1 Ratio %                                   17.4 16.4 16.4 15.2 14.4    
Net Interest Margin % ...                                 4.22 3.64 3.72 3.19 2.69    
Interest Spread % ...                                 4.20 3.61 3.66 3.12 2.65    
Asset Yield % ...                                 4.34 3.85 4.19 3.74 3.01    
Revenues (As % of RWA) % ...                                 8.99 8.44 8.49 8.65 6.91    
Cost Of Liabilities % ...                                 0.147 0.231 0.536 0.610 0.356    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     104 115 42.0 0 38.5    
Interest Income (As % Of Revenues) %                                   71.9 72.9 75.3 68.5 77.1    
Fee Income (As % Of Revenues) %                                   18.9 18.6 18.5 15.6 18.4    
Other Income (As % Of Revenues) %                                   9.22 8.47 6.12 15.9 4.56    
Staff Cost (As % Of Total Cost) %                                   50.6 47.9 46.2 45.6 46.3    
Equity (As % Of Assets) %                                   12.9 12.2 11.1 8.99 8.67    
Equity (As % Of Loans) %                                   20.8 18.0 15.6 12.0 11.5    
Loans (As % Of Deposits) %                                   87.4 83.0 86.2 87.3 89.6    
Loans (As % Assets) %                                   61.9 67.7 71.4 75.1 75.1    
NPLs (As % Of Loans) %                                   4.10 2.80 1.80 2.30 2.20    
Provisions (As % Of NPLs) %                                   76.8 99.9 109 110 101    
Provisions (As % Of Loans) %                                   3.25 2.80 1.97 2.54 2.23    
Cost of Provisions (As % Of Loans) % ...                                 0.324 0.208 0.484 1.86 0.289    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                                 
Branches                                   227 202 179 159 154    
ATMs                                   668 654 632 555 560    
ATMs (As % of Bank Branches) %                                   294 324 353 349 364    
Employees                                   3,312 3,129 2,959 3,009 2,981    
Employees Per Bank Branch                                   14.6 15.5 16.5 18.9 19.4    
Cost Per Employee USD per month                                   2,634 2,829 2,896 3,170 3,305    
Cost Per Employee (Local Currency) CZK per month                                   61,795 61,894 65,281 69,763 71,620    
customer breakdown Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
                                                 
Customers mil                                   1.03 1.04 1.05 1.36 1.40    
Number of Primary Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.655 ... ... ...
Payment Cards mil                     ... ...       ... ... ... ... ... ... ... ... ...
Debit Cards mil                     ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Credit Cards mil                     ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Number of Mortgages mil ... ... ... ... ... ... ... ... ... ... ... ... ...         0.015 0.022 0.030 0.068 0.082   ...
Number of Consumer Loans mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.193 0.179 0.176 0.190 0.196   ...
Average Size of Mortgage Loan CZK ... ... ... ... ... ... ... ... ... ... ... ... ...         1,393,000 1,451,000 1,444,000 1,444,000 1,487,320   ...
Average Size of Consumer Loan CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 216,261 241,821 262,399 282,264 266,353   ...
Primary (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 48.3 ... ... ...
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ...         1.41 2.10 2.88 4.98 5.89   ...
Consumer Loans (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 18.6 17.2 16.8 14.0 14.0   ...
Payments Cards (As % of Total Clients) %                     ... ...       ... ... ... ... ... ... ... ... ...
Debit Cards (As % of Total Clients) %                     ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Credit Cards (As % of Total Clients) %                     ... ... ... ... ... ... ... ... ... ... ... ... ... ...
                                                   
Market Value per Customer (Local Currency) CZK ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   40,761 35,760 41,367 25,606 34,243    
Revenue per Customer (Local Currency) CZK                                   9,914 9,809 10,018 8,915 7,983    
Net Profit per Customer (Local Currency) CZK                                   3,798 4,054 3,828 1,917 2,848    
Loan per Customer (Local Currency) CZK                                   119,729 135,254 148,961 166,597 182,711    
Deposit per Customer (Local Currency) CZK                                   136,950 162,927 172,879 190,793 203,821    
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   1,914 1,592 1,829 1,197 1,560    
Revenue per Customer USD                                   422 448 444 405 368    
Net Profit per Customer USD                                   162 185 170 87.1 131    
Loan per Customer USD                                   5,623 6,020 6,585 7,790 8,324    
Deposit per Customer USD                                   6,432 7,252 7,642 8,921 9,285    

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MONETA Money Bank - Market Share in Bank Deposits

By Helgi Library - February 16, 2024

MONETA Money Bank's customer deposits reached CZK 393,012 mil in 2023-09-30, up 6.75% compared to the previous year. Czech banking sector accepted customer deposits of CZK 6,933 bil in 2023-09-30, up 1.49% when compared to the last year. MONETA Money Bank...

MONETA's net profit rose 15.4% yoy to CZK 1,228 mil in 4Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank made a net profit of CZK 1,228 mil in the fourth quarter of 2023, up 15.4% when compared to the same period of last year. This implies a return on equity of 15.5%. Historically, the bank’s net profit reached an all time high of CZK 1,582 mil in ...

MONETA's net profit rose 15.4% yoy to CZK 1,228 mil in 4Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank made a net profit of CZK 1,228 mil under revenues of CZK 3,095 mil in the fourth quarter of 2023, up 15.4% and 3.03% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of CZK...

MONETA Money Bank - Market Share in Retail Deposits

By Helgi Library - February 16, 2024

MONETA Money Bank's retail deposits reached CZK 297,973 mil in 2023-09-30, up 5.60% compared to the previous year. Czech banking sector accepted retail deposits of CZK 3,578 bil in 2023-09-30, up 1.85% when compared to the last year. MONETA Money Bank acc...

MONETA's branches fell 12.4% yoy to 134 in 4Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank employed 2,518 persons in 2023-12-31, down 0.592% compared to the previous year. Historically, the bank's workforce hit an all time high of 3,486 persons in 2011-12-31 and an all time low of 1,877 in 2003-06-30. The bank operated a network of...

MONETA's npls (as % of loans) remain unchanged yoy at 1.40% in 4Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank's non-performing loans reached 1.40% of total loans at the end of 2023-12-31, down from 1.40% compared to the previous year. Historically, the NPL ratio hit an all time high of 18.6% in 2011-03-31 and an all time low of 1.30% in 2023-09-30. ...

MONETA's total revenues rose 5.23% yoy to CZK 3,180 mil in 3Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank generated total banking revenues of CZK 3,180 mil in 2023-09-30, up 5.02% compared to the previous year. Czech banking sector banking sector generated total revenues of CZK 57,158 mil in 2023-09-30, down 14.8% when compared to the la...

MONETA Money Bank - Market Share in Corporate Deposits

By Helgi Library - February 16, 2024

MONETA Money Bank's corporate deposits reached CZK 94,641 mil in 2023-09-30, up 10.5% compared to the previous year. Czech banking sector accepted corporate deposits of CZK 1,424 bil in 2023-09-30, down 5.28% when compared to the last year. MONETA Money B...

MONETA's corporate loans rose 1.10% yoy to CZK 84,362 mil in 4Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank's loans reached CZK 263,897 mil in the fourth quarter of 2023, down from CZK 270,073 mil when compared to the previous quarter and down from CZK 270,071 mil when compared to the same period of last year. Historically, the bank’s lo...

MONETA's costs (as % of assets) fell 10.9% yoy to 1.36% in 4Q2023

By Helgi Library - February 16, 2024

MONETA Money Bank's cost to income ratio reached 49.7% in the fourth quarter of 2023, up from 40.1% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 59.1% of income in 4Q2010 and an all time low of 32.2% in 4Q...

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MONETA Money Bank is a medium-sized bank based in Prague, the Czech Republic. Since its acquisition of the troubled Agrobanka in 1997, the Bank has developed a branch network of almost 200 branches and 600 ATMs (2019), 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.

MONETA Money Bank Logo

Finance

MONETA Money Bank has been growing its revenues and asset by -1.10% and 13.0% a year on average in the last 10 years. Its loans and deposits have grown by 10.4% and 15.6% a year during that time and loans to deposits ratio reached 65.8% at the end of 2023. The company achieved an average return on equity of 14.3% in the last decade with net profit growing 2.02% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.2% in 2023, compared to 46.6% average in the last decade.

Equity represented 7.03% of total assets or 12.2% of loans at the end of 2023. MONETA Money Bank's non-performing loans were 1.40% of total loans while provisions covered some 122% of NPLs at the end of 2023.

Valuation

MONETA Money Bank stock traded at per share at the end of 2023 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 15.9% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 9.20x and price to book value (PBV) of 1.49x in 2023.