Brief: Moneta Money Bank Q2 profit above estimates, raises FY outlook

Moneta Money Bank, A.s

27/07/2023 06:02

July 27 (Reuters) - Moneta Money Bank as  MONET.PR :
    * MONETA MONEY BANK: Q2 NET PROFIT CZK 1.26 BILLION VERSUS
CZK
1.17 BILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: Q2 NET INTEREST INCOME CZK 2.17 BILLION
VERSUS CZK 2.07 BILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: Q2 NET BANKING INCOME CZK 3.03 BILLION
VERSUS
CZK 2.90 BILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: Q2 NET IMPAIRMENT OF FINANCIAL ASSETS
CZK
-146 MILLION VERSUS CZK -138 MILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: EXPECTS FY2023 NET PROFIT AT LEAST CZK
4.7
BILLION (PREVIOUS OUTLOOK CZK 4.3 BILLION)
    * MONETA MONEY BANK: EXPECTS FY2023 TOTAL OPERATING INCOME
AT
LEAST CZK 12.0 BILLION (PREVIOUS OUTLOOK CZK 12.0 BILLION)
    * MONETA MONEY BANK: EXPECTS FY2023 COST OF RISK 15-35 BPS
(PREVIOUS OUTLOOK 25-45 BPS)
    * MONETA MONEY BANK: AIMS TO DELIVER A MINIMUM CUMULATIVE
NET
PROFIT OF CZK 25.4 BILLION IN 2023-2027,  OR BY CZK 1.8 BILLION
MORE THAN IN THE ORIGINAL GUIDANCE
    * MONETA MONEY BANK: DIVIDEND POLICY REMAINS UNCHANGED

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

 ((jason.hovet@thomsonreuters.com;))