1Q 2025 Results
Published on 25 April 2025 at 07:00 CET
According to IFRS, Consolidated, Unaudited
MANDATORY DISCLOSURE / PUBLIC DISCLOSURE OF MANDATORY INFORMATION
Key highlights
(in CZK)
• Operating income of CZK 3.4 billion (+8.4%)
• Operating expenses kept stable at
CZK 1.5 billion despite persisting inflationary pressure in the labour market
• Net profit of CZK 1.5 billion (+14.0%) in line with market guidance
• Loan portfolio growth at CZK 278 billion (+4.0%) in line with expectations
• Total assets reached CZK 501 billion (+7.0%), supported by continued expansion of the funding base (+7.8%)
278bn 456bn
Note: Percentage change represents movement compared to 1Q 2024. (1) Gross performing portfolio.
Key highlights
(in CZK)
• Risk weighted assets decreased by CZK 10 billion due to the implementation of capital requirements regulation (CRR 3)
• Capital adequacy ratio at 19.1%, which is 3.9% above the management target and corresponds to excess capital of
CZK 6.4 billion1
• Return on Tangible Equity at 19.5% (+2.4pp)
164bn 19.1%
28.7% 19.5%
Note: The percentage and percentage points represent the year-on-year change. (1) Excess capital above the capital management target of 15.25% as at 31 March 2025 and after an approved dividend of CZK 5.1 billion.
ANNUAL GENERAL MEETING SUMMARY
Shareholders approved all proposals at the Annual General Meeting held on 24 April 2025
01 Approval of Mr. Miroslav Singer as a member of the Supervisory Board
02 Annual Consolidated Financial Statements of MONETA Money Bank, a.s. as of 31 December 2024
03 Annual Separate Financial Statements of MONETA Money Bank, a.s. as of 31 December 2024
04 Dividend distribution of CZK 10 per share (record date 30 April 2025 and due date 21 May 2025)
05 Appointment of Deloitte Audit s.r.o as the external auditor for 2025, 2026 and 2027
06 2024 Remuneration Report
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Content
01 Macroeconomic Environment
02 Operating Platform
03 Profit and Loss Development
04 Balance Sheet Development
05 Risk Metrics & Asset Quality
06 Liquidity Development
07 Capital Management
08 2025 - 2029 Market Guidance
09 Appendix
Branch office: Vsetín
Czech economy grew by 1.8%; unemployment remains low and stable; state budget deficit forecasted at CZK 241 billion
Note: (1) Source: GDP at constant prices of 2020 based on the Czech Statistical Office (CZSO); GDP at current prices - 4Q 2023: CZK 1,927bn, 1Q 2024: CZK 1,963bn, 2Q 2024: CZK 1,994bn, 3Q 2024: CZK 2,016bn, 4Q 2024: CZK 2,035bn; GDP Y/Y % change: 4Q 2023-4Q 2024 actuals based on the CZSO seasonally adjusted,
FY 2024 based on the CZSO and 2025 based on the CNB forecast; (2) Euro area data:www.ec.europa.eu/eurostatas at 22 January 2025; (3) ILO methodology, 2025F based on the CNB forecast issued in winter 2025; (4) Source:www.mfcr.cz.
Inflation on a descending trajectory towards the CNB inflation target of 2%; the key rate decreased to 3.75%
Inflation and consumer price index1 (year-over-year % change)
2W repo rate (average over period)
End of period change2
2.3%
6.6%
15.8% 15.1%
6.9%
3.0% 2.7%
15.0 10.0
5.0 0.0
2020
2021
2022
2023
2024
03/2025
2020
2021
2022
2023
2024
1Q 2025
Contribution to inflation by item1
Market yield curve3
Food and beverages Clothing and footwear Housing, energy Health
Transport, telecommunicationRecreation, culture, educationRestaurants and hotels
Other
Total
Dec'2024 % contribution Mar'2025 % contribution | Mar'2025 Y/Y price change % |
0.7 1.6 | 5.8 |
0.0 (0.1) | (2.2) |
1.1 0.5 | 1.5 |
0.1 0.1 | 3.5 |
0.1 (0.2) | (1.4) |
0.4 0.3 | 3.7 |
0.4 0.3 | 5.1 |
0.2 0.2 | 3.2 |
3.0 2.7 | 2.7 |
'2025 Y/Y price 6.0% 5.0% 4.0% 3.0%
31/03/202531/12/202431/03/2024
1D
1W
2W
1M
2M
3M
6M
9M
12M
2Y
3Y
4Y
5Y
6Y
7Y
8Y
9Y
10Y
12Y
15Y
20Y
30Y
Source: CZSO, Bloomberg. Note: (1) Inflation rate as an increase in the average annual Consumer price index; (2) Consumer price index calculated as an increase in the CPI compared with the corresponding month of the preceding year; (3) Composed of short-term PRIBOR and swap market indication from 1 year and longer maturity.
Content
01 Macroeconomic Environment
02 Operating Platform
03 Profit and Loss Development
04 Balance Sheet Development
05 Risk Metrics & Asset Quality
06 Liquidity Development
07 Capital Management
08 2025 - 2029 Market Guidance
09
Appendix
Overall business platform
consists of three service and sales distribution pillars:
• Digital platform
• Branch network
• Contact centre
supported by own and shared ATM network, enabling deposits, withdrawals and service operations
2,453 1,323 1,130
Note: Numbers as at 31 March 2025. The percentage represents the year-on-year change. (1) Out of which 778 ATMs have a deposit function (40%); (2) Average FTEs in 1Q 2025; (3) Includes control and enabling functions.
Digital
is a critical distribution and service channel consisting of four key pillars:
• Web:www.moneta.cz
• Web:www.hypoteka.cz
• Mobile: Smart Banka
713ths 18.7m
• Internet: Internet Banka
Mobile application - Smart Banka is the key component, enabling access to 52 products and more than 220 service functions
Note: Payment transactions, servicing transactions and sales transactions during 1Q 2025. All numbers in units. The percentage represents the year-on-year change. (1) Combination of Smart Banka and Internet Banka.
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