Bohemia Faktoring, a.s. acquired CZK 634 million Non-performing Loan Portfolio of MONETA Money Bank, a.s.
March 19, 2023
Share
Bohemia Faktoring, a.s. acquired CZK 634 million Non-performing Loan Portfolio of MONETA Money Bank, a.s. on March 20, 2023. The portfolio consists of 3,745 unsecured loans. From this sale, MONETA realizes a pre-tax profit of CZK 201 million.
Bohemia Faktoring, a.s. completed the acquisition of CZK 634 million Non-performing Loan Portfolio of MONETA Money Bank, a.s. on March 20, 2023.
Moneta Money Bank a.s. is one of the leading financial services groups in the Czech Republic. Net sales break down by activity as follows:
- retail banking (64.2%): sales of conventional banking products and services to induviduals (current account management, consumer credit, sale of savings contracts, mortgages, car loans, home loans, leasing, credit card issuance, etc.);
- commercial banking (29.6%): sales of banking products and services to small and medium enterprises, financial and public institutions (asset funding, investments and projects, leasing, management of vehicle fleets, industrial equipment funding, etc.);
- other (6.2%): primarily investment banking and bancassurance.
At the end of 2021, the group managed CZK 285.1 billion in courrent deposits and CZK 255.6 billion in current loans.
The products and services are marketed through a network of 154 branches located in the Czech Republic.
MONETA MONEY BANK, 
