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Moneta Money Bank as (MONET.PR)

MONET.PR on Prague Stock Exchange

77.80CZK
3:24pm GMT
Change (% chg)

-0.20Kč (-0.26%)
Prev Close
78.00Kč
Open
78.00Kč
Day's High
78.15Kč
Day's Low
77.80Kč
Volume
315,723
Avg. Vol
1,366,065
52-wk High
90.75Kč
52-wk Low
74.45Kč

Latest Key Developments (Source: Significant Developments)

Moneta CEO says to repeat NPL sales next year
Thursday, 9 Nov 2017 

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 

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 

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

GE Capital International sells 125 mln shares in Moneta
Thursday, 29 Sep 2016 

Ge Capital International Holdings Ltd - : GE Capital International Holdings Limited completes accelerated bookbuild offering of Moneta Money Bank, A.S. Shares . Sold 125.0m shares in Moneta Money Bank equal to approximately 24.5 percent of the share capital of Moneta . Offer price moneta shares was czk 75 per share, with gross proceeds to ge of approximately czk 9.4 billion . Following completion of equity offering, co will have remaining ownership interest of about 18 percent in Moneta ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Moneta Money Bank cost of risk will be "comfortably" up to 1 pct in 2016 -CEO
Thursday, 11 Aug 2016 

Moneta Money Bank As : Moneta Money Bank chief executive Tomas Spurny says the bank will "comfortably" keep its cost of risk within its guidance of up to 1 percent this year. . "We will very comfortably remain within the level of 100 basis points, at the moment, when we annualise, the cost of risk is at 80 basis points for this year and we can't see any reason, why this should change and we will comfortably remain within the guidance of 100 basis points," Spurny said. Further company coverage: [MONET.PR] (Reporting by Robert Muller) ((robert.muller@thomsonreuters.com;)).  Full Article

Moneta Money Bank reports drop in Q2 operating profit
Thursday, 11 Aug 2016 

: Moneta Money Bank says second-quarter total operating income dropped to 2.91 billion Czech crowns from 3.03 billion in the same period last year . Moneta Money Bank says second-quarter profit after tax rose slightly to 1.199 billion crowns from 1.187 billion . Moneta Money Bank says second-quarter net impairment of loans and receivables rose to 187 million crowns from 68 billion . Moneta Money Bank says it maintains its outlook for the total cost of risk for the 2016 financial year at 1 percent . Moneta Money Bank says it estimates that the dividend for 2016 will be in line with its dividend policy . Moneta Money Bank says it expects its loan book to grow at similar rate to the Czech gross domestic product expansion pace, seen at 2.2 percent Further company coverage: [MONET.PR] (Reporting by Robert Muller) ((robert.muller@thomsonreuters.com;)).  Full Article

Czech bank Moneta says share stabilisaton period after IPO has ended
Tuesday, 24 May 2016 

Moneta Money Bank As : says share stabilisaton period after IPO has ended . period was expected to end no later than June 4 . says stabilisation trades occurred on May 6 at a minimum and maximum price of CZK 68 per share . over-allotment option exercised [nL5N18H0FG] . shares were stuck to IPO price of CZK 68 in heavy trade on debut [nL5N18349Y] . shares down 0.4 percent at CZK 74.70 on Tuesday Further company coverage: [MONET.PR] ((prague.newsroom@thomsonreuters.com;)).  Full Article

GE Capital to cut stake in Moneta Bank to 42 pct through overallotment sale
Friday, 20 May 2016 

Moneta Money Bank : Moneta Money Bank says GE Capital will sell further 33,101,565 shares of Moneta common stock through an overallotment option on this month's listing on the Prague stock market at the offer price of 68 crowns per share . Including the partially used option, a total of 293,711,565 shares have been sold . GE Capital will retain a 42 percent stake in Moneta after the partial sale of the overallotment allocation, the bank said. Further company coverage: [MONET.PR] (Prague Newsroom; Editing by David Goodman) ((prague.newsroom@thomsonreuters.com)).  Full Article

Moneta money bank says covered full-year contributions to deposit, resolution funds in Q1
Thursday, 12 May 2016 

Moneta Money Bank - Says that as of 31 March 2016, bank had accrued the estimated full annual contributions to the deposit insurance fund and resolution funds (CZK 35.8 mln for the former and 38.9 mln for the latter) - Says consistent with the regulatory decision of the Czech National Bank received by the Bank in April and previous information made publicly available, including in the prospectus for initial public offering Further company coverage:.  Full Article

Czech bank Moneta shares up in Prague debut
Friday, 6 May 2016 

Czech lender Moneta Money Bank : Shares open at CZK 70, versus IPO price of CZK 68 per share, in Prague debut . Trade at CZK 68.50 at 0712 GMT . High of CZK 71.45, low of CZK 68.20 . IPO gives Moneta, formerly GE Money Bank, market capitalisation of 34.75 billion crowns ($1.47 billion) . For stories: [nL5N1830N3] [nL5N1821LF] Further company coverage: [MONET.PR] ((prague.newsroom@thomsonreuters.com;)).  Full Article

BRIEF-Moneta CEO says to repeat NPL sales next year

* Moneta CEO Tomas Spurny says selling CZK 4.9 billion in non-performing loans this year