Moneta Money Bank Approves Dividend Payment and Elects New Supervisory Board Members

Strategic Insights -

The annual general meeting of Moneta Money Bank was held on April 24, where shareholders approved the payment of a dividend of Kc10 per share before tax, representing 88 percent of the bank's consolidated net profit for last year. The dividend will be granted to shareholders registered in the Central Securities Depository on April 30, 2025, with cashless payments to be made on May 21, 2025. The shareholders also re-elected former Czech National Bank governor Miroslav Singer to the supervisory board and approved other items on the agenda.

Key Takeaways:

  • Moneta Money Bank will pay a dividend of Kc10 per share before tax, representing 88 percent of the bank's consolidated net profit for last year.
  • The dividend will be granted to shareholders registered in the Central Securities Depository on April 30, 2025, with cashless payments to be made on May 21, 2025.
  • The largest shareholder of Moneta is financial group PPF, which previously sought to merge Moneta with its Air Bank group.
  • Moneta's consolidated net profit was Kc5.8bn last year, up 11.7 percent year-on-year.
  • Total assets of the Moneta group increased by 8 percent to Kc495bn.
  • Moneta's shareholders approved the payment of a gross dividend of Kc9 per share last spring and an extraordinary gross dividend of Kc3 per share in the autumn.

Statistics:

  • Consolidated net profit: Kc5.8bn (up 11.7% year-on-year)
  • Total assets: Kc495bn (up 8% year-on-year)
  • Dividend yield: over 7 percent
  • Record date: April 30, 2025
  • Payment date: May 21, 2025

Sources:

  • CTK, April 24 (2023)
  • Tomas Pfeiler, Cyrrus portfolio manager (no date)