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Moneta Money Bank as (MONET.PR)

MONET.PR on Prague Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Moneta CEO says to repeat NPL sales next year
Thursday, 9 Nov 2017 02:29am EST 

Nov 9 (Reuters) - Moneta Money Bank As :Moneta CEO Tomas Spurny says selling CZK 4.9 billion in non-performing loans this year.Says we plan to at least repeat CZK 5 billion in sales of NPLs next year.NPL sales will have positive impact on cost of risk.Says we expect growth in NPLs due to interest rate growth ahead; but so far have cut NPLs to 4.4 percent from nearly 15 pct several years ago.Would not comment more on dividend plans until February; bank has been distributing excess capital.Says implementing IFRS 9 standards will raise cost of risk by 10-15 percent.Says delivering on our strategy to pay strong dividend while restructuring bank for growth.Says lending growth ate CZK 821 mln in capital this year.Says mortgage rates up; consumer lending rates still down, we hope this trend will stop with growing official interest rates.Says we bought about CZK 3 billion in state bonds in Q3, plan more as monetary policy changes market.Costs dropping, under control.Building digital platforms as source for growth .  Full Article

Moneta raises guidance after Q3 net profit of CZK 924 mln
Thursday, 9 Nov 2017 01:10am EST 

Nov 9 (Reuters) - Moneta Money Bank As :Moneta says Q3 net profit CZK 924 million versus 909 million year ago.Moneta says full-year net profit guidance CZK 3.9 billion CZK versus previous target 3.65 billion and original guidance of 3.4 bln.Moneta says plans to pay out significantly above 70 percent of net profit in dividend for 2017.Moneta says expecting full-year cost of risk 50-60 bps vs original guidance of 100-110 bps.  Full Article

Moneta Money Bank reaffirms CET1 ratio target of 15.5 pct
Wednesday, 8 Nov 2017 02:00am EST 

Nov 8 (Reuters) - Moneta Money Bank As :reaffirms its medium CET1 ratio target of 15.5 percent.says has received SREP capital requirement from Czech National Bank.required to maintain total SREP capital requirement of 11 percent from January 1, 2018.CET1 target consists of (a) new 11 per cent SREP capital requirement, (b) 1 per cent countercyclical buffer, (c) 2.5 per cent capital conservation buffer, and (d) 1 per cent management buffer.  Full Article

MONETA Money Bank's profitability helped by central bank's rate hike -CEO
Thursday, 10 Aug 2017 03:04am EDT 

Aug 10 (Reuters) - Moneta Money Bank As :Chief Executive Officer Tomas Spurny says the latest decision by Czech central bank to raise interest rates will improve Moneta's profitability.Spurny says Moneta is not concerned about central bank's recommendations on mortgages as it has conservative consumer base and it has cut the share of non-performing loans.  Full Article

MONETA Q2 profit beats expectations, bank raises 2017 outlook
Thursday, 10 Aug 2017 01:01am EDT 

Aug 10 (Reuters) - Moneta Money Bank As :says targeting to deliver consolidated profit after tax of 3.65 billion crowns ($163.74 million) in 2017, previously it aimed at 3.5 billion .reiterates it sees 2017 operating income above 10.3 billion crowns.reaffirms its dividend policy and its target to.distribute expected remaining excess capital to.shareholders through 2017 and 2018 dividends.second quarter after-tax profit drops to 1.155 billion crowns from 1.20 billion, analysts in a Reuters poll expected 0.9 billion.second quarter net interest income drops to 1.82 billion crowns from 2.11 billion a year ago, market expected 1.87 billion.  Full Article

Moody's: countercyclical buffer rise is credit positive for Czech banks
Monday, 19 Jun 2017 05:22am EDT 

June 19 (Reuters) - Komercni Banka As Moneta Money Bank :Moody's says rise in countercyclical capital buffer is credit positive for Czech banks because it ensures that they focus on capital retention to preserve their existing solid capital bases amid strong loan growth.says capital levels at rated Czech banks are strong, with banks such as MONETA Money Bank, a.s.; Ceska Sporitelna, a.s.; Raiffeisenbank, a.s. and Ceskoslovenska Obchodni Banka, a.s. easily able meet the new capital requirements.says increase in the buffer will challenge the cushion that Komercni Banka a.s. and UniCredit Bank Czech Republic and Slovakia, a.s. have over their minimum capital requirements, and these banks might have to address that challenge by limiting dividend payouts further, reducing risk-weighted assets or raising additional capital.  Full Article

Moneta confirms target of CET1 ratio at 15.5 percent
Thursday, 15 Jun 2017 04:41pm EDT 

June 15 (Reuters) - Moneta Money Bank As :says, based on the announcement made by the Czech National Bank to increase countercyclical capital buffer rate, confirms to keep current management target of cet1 ratio at 15.5 percent nL8N1JA1HH.says ith 19.9 percent CET1 ratio as at end of first quarter and given the amount of excess capital MONETA reaffirms its strong capital position nL8N1ID4AJ.says is expecting new SREP capital requirement from the Czech National Bank in second half of this year.says based on requirement will reassess its CET1 target by the end of 2017.  Full Article

Moneta Money Bank committed to high payout ratio -CEO
Thursday, 11 May 2017 02:46am EDT 

May 11 (Reuters) - Moneta Money Bank As :CEO Tomas Spurny says, in telephone interview after Q1 results, expects high-single digit lending growth in 2017, accelerating according to plan.says bank committed to organic growth strategy, would consider non-material acquisitions but nothing being considered at moment.says expects to hear new capital requirement levels from cnb regulator in q3.says extraordinary dividend not feasible this year, committed to high payout ratio from 2017, 2018 profits.  Full Article

Moneta Money Bank raises 2017 profit outlook
Thursday, 11 May 2017 01:40am EDT 

May 11 (Reuters) - Moneta Money Bank As :Q1 after-tax profit czk 1.04 billion, above average estimate in Reuters poll.Q1 total operating income czk 2.532 billion.Earnings poll: nL8N1IC4DK.Moneta says targeting to deliver consolidated profit after tax of at least czk 3.5 billion in fy 2017, up from previous target of at least czk 3.4 billion .reiterates sees fy 2017 operating income above czk 10.3 billion.expects the CET1 Capital Ratio to exceed 17% as at 31 December 2017, assuming no pay out of an extraordinary interim dividend .CET1 ratio in the first quarter 2017 was at 19.9% with excess capital of CZK 4.9 billion .dividend policy continues to be a distribution at minimum 70% of consolidated profit after tax.  Full Article

Moneta Money Bank AGM rejects shareholder request to cut capital ratio
Monday, 24 Apr 2017 11:57am EDT 

April 24 (Reuters) - Moneta Money Bank As :says AGM rejects shareholder request to optimise capital structure.request was to enable a decrease of Tier 1 capital ratio to 16.5% by the end of 2017 and to 15.5% or lower or to the level 1 percentage point above the minimum Tier 1 capital ratio set out by the Czech National Bank by the end of Q2 2018.Templeton Emerging Markets Group, representing 2.1 percent stake, had made request nL8N1HF23I.Moneta targets 15.5 percent ratio, CET1 was at 20.5 percent at end-2016.  Full Article