Brief: Moneta Money Bank 2023 profit above outlook, lifts dividend

Moneta Money Bank, A.s

02/02/2024 06:07

Feb 2 (Reuters) - Moneta Money Bank as  MONET.PR :
    * MONETA MONEY BANK: FY2023 NET PROFIT CZK 5.2 BILLION
(VERSUS
COMPANY OUTLOOK CZK 5 BILLION)
    * MONETA MONEY BANK: PROPOSES CZK 9.0/SHARE DIVIDEND FOR
2023
(VERSUS CZK 8/SHARE FOR 2022)
    * MONETA MONEY BANK: EXPECTS A CUMULATIVE NET PROFIT OF CZK
27.7
BILLION IN THE NEXT FIVE YEARS
    * MONETA MONEY BANK: EXPECTS 2024 NET PROFIT OF AT LEAST CZK
5.2
BILLION
    * MONETA MONEY BANK: EXPECTS 2024 TOTAL OPERATING INCOME OF
AT
LEAST CZK 12.4 BILLION
    * MONETA MONEY BANK: EXPECTS 2024 COST OF RISK 10-30 BPS
    * MONETA MONEY BANK: EXPECTS 2025 NET PROFIT OF AT LEAST CZK
5.3
BILLION
    * MONETA MONEY BANK: Q4 NET PROFIT CZK 1.23 BILLION VERSUS
CZK
1.18 BILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: Q4 NET BANKING INCOME CZK 3.095 BILLION
VERSUS CZK 3.11 BILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: Q4 NET INTEREST INCOME CZK 2.18 BILLION
VERSUS CZK 2.18 BILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: Q4 NET IMPAIRMENT OF FINANCIAL ASSETS
CZK
-133 MILLION VERSUS CZK -215 MILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: IN 2023 NEW LENDING VOLUMES WERE DOWN
ACROSS
ALL SEGMENTS DUE TO SUBDUED DEMAND, HIGHER INTEREST RATES AND
TIGHTENED UNDERWRITING MEASURES
    * MONETA MONEY BANK: GIVEN TENTATIVE SIGNS OF AN IMPROVING
ECONOMIC ENVIRONMENT, AND OUR HEALTHY CAPITAL POSITION, MONETA
IS WELL PREPARED TO NAVIGATE 2024 -CEO STATEMENT

Source text for Eikon:  ID: 
Further company coverage:  MONET.PR 

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