MONETA Money Bank, a.s. (GMYYF) Q2 2026 Earnings Call July 24, 2026 4:00 AM EDT
Company Participants
Tomáš Spurný – CEO & Chairman of the Management Board
Jan Fricek – CFO & Member of the Management Board
Jan Novotný – Chief Commercial Banking Officer & Member of the Management Board
Carl-Norman Vokt – Chief Risk Officer & Vice-Chairman of the Management Board
Conference Call Participants
Thomas Unger – Erste Group Bank AG, Research Division
Presentation
Operator
Dear ladies and gentlemen, welcome to the conference call of MONETA Money Bank regarding 1H 2026 financial results. Please note that this conference call will be recorded. [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. Tomas Spurny, who will lead you through the conference call. Sir, please go ahead.
Tomáš Spurný
CEO & Chairman of the Management Board
Good morning, ladies and gentlemen. I have the pleasure of opening today’s conference call. So let me start with a summary of where MONETA stands. If I can ask you to turn to Page #2. During the first semester of 2026, we delivered net profit of CZK 3.3 billion whereas that constitutes an improvement of more than 8% against comparable period of previous year. The improved profitability comes on back of increasing operating income.
The operating income came in at CZK 7.2 billion, and we have improvement on net interest income coupled with improvement on net fee and commission income, which you will see throughout the presentation. Operating expenses, the cost base is stable, came in at CZK 2.9 billion as a very small increase of 0.2%. With respect to the balance sheet, we focused the bank on growth in lending activity. The portfolio grew by more than 9% and reached level of CZK 310 billion. At the same