Q1 2022 Moneta Money Bank as Earnings Call Transcript
Welcome to the conference call of MONETA Money Bank regarding First Quarter of 2022 results. Please note that this conference call will be recorded. (Operator Instructions)
May I now hand over to Mr. Tomas Spurny, CEO and Chairman of the Management Board, who will lead you through the conference call. Sir, please go ahead.
Good afternoon, ladies and gentlemen. We will cover our presentation, which we published this morning, on the bank's website. So if I can have your attention on Page 4. We highlight our quarterly performance. First and foremost, the bank generated net profit of CZK 1.3 billion, it's a considerable year-on-year improvement as we increased profitability of the bank by 116% compared to Q1 '21 and 19% compared to fourth quarter of 2021.
The composition of key lines on the P&L, we've generated operating income of CZK 3 billion. This represents growth of nearly 13%. We've also accomplished to keep the cost base flat at CZK 1.5 billion. Please
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