Brief: Moneta Money Bank Lifts Profit Outlook, Opts Against Extraordinary Dividend

MONETA Money Bank

Yesterday 06:08

Oct 23 (Reuters) - MONETA Money Bank, a.s. MONET.PR:
MONETA MONEY BANK: 9M NET PROFIT CZK 5.5 BILLION
MONETA MONEY BANK: EXPECTS 2026 NET PROFIT TO REACH CZK 7.1 BILLION (PREVIOUS OUTLOOK CZK 6.8 BILLION)
MONETA MONEY BANK: Q3 NET PROFIT CZK 2.176 BILLION VERSUS CZK 1.95 BILLION EXPECTED IN REUTERS POLL
MONETA MONEY BANK: Q3 NET INTEREST INCOME CZK 2.789 BILLION VERSUS CZK 2.73 BILLION EXPECTED IN REUTERS POLL
MONETA MONEY BANK: Q3 NET BANKING INCOME CZK 3.941 BILLION VERSUS CZK 3.83 BILLION EXPECTED IN REUTERS POLL
MONETA MONEY BANK: Q3 PROVISIONS CZK -78 MILLION VERSUS CZK -175 MILLION EXPECTED IN REUTERS POLL
MONETA MONEY BANK: DECIDED NOT TO PURSUE AN EXTRAORDINARY DIVIDEND AS WE DID IN THE PREVIOUS TWO YEARS
MONETA MONEY BANK:DECISION REFLECTS THE CURRENT OPERATING ENVIRONMENT, WHICH REMAINS INFLUENCED BY GEOPOLITICAL UNCERTAINTY AND RENEWED INFLATIONARY PRESSURES
MONETA MONEY BANK:  AIM TO PRESERVE STRONG CAPITAL AND LIQUIDITY POSITIONS
MONETA MONEY BANK:CONTINUE TO OBSERVE ELEVATED COMPETITION FOR DEPOSIT BALANCES ACROSS THE MARKET; ADDITIONALLY, OUR DEPOSIT BALANCES ARE BEING CONVERTED INTO WEALTH MANAGEMENT PRODUCTS
MONETA MONEY BANK:GROWING LOAN BOOK IMPROVED OUR ABILITY TO GENERATE STRONGER INTEREST INCOME
MONETA MONEY BANK:LEVEL OF HIGH-QUALITY LIQUID ASSETS DECREASED TO 31% OF OVERALL BALANCE SHEET; ALTHOUGH THIS LEVEL REMAINS SATISFACTORY, INTEND TO FOCUS ON LIQUIDITY AND FUNDING DURING UPCOMING QUARTER AND INTO 2027
Source text: [ID:]
Further company coverage: MONET.PR

 (Reporting By Jason Hovet)
 ((jason.hovet@thomsonreuters.com;))