Q1 2020 Moneta Money Bank as Earnings Call Transcript
Dear ladies and gentlemen, welcome to the conference call of MONETA Money Bank. At our customers' request, this conference will be recorded. (Operator Instructions)
I now hand you over to Tomáš Spurný, CEO. Please go ahead.
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Good morning, ladies and gentlemen. It's a pleasure to start today's quarterly presentation. I have -- or we have the senior management team of MONETA, namely Carl Normann Vökt, our Chief Risk Officer; Jan Fricek, our Chief Financial Officer; also Jan Novotny, the Head of Commercial Banking in the bank; and Andrew Gerber, for Product and Marketing.
So if you allow me, I will start on Page 4 with the highlights. In the first quarter of 2020, MONETA delivered net profit of CZK 731 million. Apart from that, we posted a very solid growth of the pre-impairment profit at 31% on a basis of strong operating income growth and a flat cost base. We also generated lending growth of 13.1% year-on-year, and we will
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