Q3 2024 Moneta Money Bank as Earnings Call Transcript

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Oct 24, 2024

Oct 24, 2024 / 08:00AM GMT
Operator

Dear ladies and gentlemen, welcome to the conference call of Moneta Money Bank regarding third-quarter 2024 financial results. Please note that this conference call will be recorded. This event will have a live presentation followed by a Q&A session. (Operator Instructions)

Today's speakers are Mr. Tomas Spurny; Mr. Carl Normann Vokt; Mr. Jan Fricek; and Mr. Jan Novotny. May I now hand over to Mr. Spurny, who will lead you through the conference call. Sir, please go ahead.

Tomas Spurny - Moneta Money Bank as - Chairman of the Management, Chief Executive Officer

Good morning, ladies and gentlemen. I have the pleasure of presenting yet another quarter. So, if I can ask you to turn attention to page 2, where we summarize key highlights of our performance. At the end of the third quarter, we generated year-to-date profit of CZK4.2 billion. The profit increased 6.6% on year-on-year basis.

The net profit so far translates to return on tangible equity, which is nearly 20%. It's 19.8%, so we have a slight increase in the return ratio. Majority of

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