Brief: Moneta Money Bank Raises FY2024 Profit Outlook

Moneta Money Bank, A.s

24/10/2024 06:10

Oct 24 (Reuters) - Moneta Money Bank as  MONET.PR :
    * MONETA MONEY BANK: 9M NET PROFIT CZK 4.2 BILLION
    * MONETA MONEY BANK: EXPECTS FY2024 NET PROFIT AT LEAST CZK
5.6
BILLION (PREVIOUS CZK 5.2 BILLION)
    * INCREASED PROFIT TARGET DUE TO COMBINATION OF BETTER
OPERATING
INCOME, STABLE OPERATING EXPENSES AND LOWER COST OF RISK
    * MONETA MONEY BANK: Q3 NET PROFIT CZK 1.53 BILLION VERSUS
CZK
1.52 BILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: Q3 NET INTEREST INCOME CZK 2.31 BILLION
VERSUS CZK 2.24 BILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: Q3 NET BANKING INCOME CZK 3.25 BILLION
VERSUS
CZK 3.23 BILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK: Q3 COST OF RISK CZK -114 MILLION VERSUS
CZK
-129 MILLION EXPECTED IN REUTERS POLL
    * MONETA MONEY BANK:WE REMAIN COMMITTED TO MINIMUM GUIDANCE
TARGETS FOR 2025 AND BEYOND, IRRESPECTIVE OF CNB’S DECISION TO
DOUBLE THE MINIMUM REQUIRED RESERVES

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

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