MONETA money bank : clients prefer to refinance mortgages online

MONETA Money Bank Clients Prefer to Refinance Mortgages Online. Only Every Fourth Person Comes to a Branch to Sign a Contract

Prague, 27 July 2021

MONETA Money Bank has seen a significant increase in interest among its clients in refinancing mortgages online via the Refinanso.cz service. Three out of four clients already prefer to refinance their mortgage from the comfort of their home using the free online property valuation and automatic generation of loan agreements.

"We see the growing popularity of mortgage refinancing in the online world as a clear signal that our clients are fully prepared for the digitalization of the banking sector, even in more complex processes such as arranging home loans or refinancing them. We now record that around 75% of new clients conclude a mortgage refinancing agreement fully online without being physically present in a branch. The increase is logical - who would want to go to a branch when they can refinance their mortgage from the comfort of their home, and at an attractive interest rate," says Matěj Novák, Senior Manager of Mortgages and External Distribution at MONETA Money Bank, adding that 2,820 contracts have been signed through Refinanso so far, with a total volume of almost CZK 7 billion..

Refinanso emerged as a start-up project that entered the Czech mortgage market in spring 2019 with the support of MONETA Money Bank. In December of the same year, it became a fully integrated part of the bank. Clients can find a mortgage calculator and also a comparison of interest rates of other banks at https://refinanso.cz/. If the client is interested in the offered rate, they can get the refinancing pre-approved within 2 minutes, the offer is then valid for the following 30 days. Refinanso can afford a low interest rate due to the fact that it is an advanced digital platform, which also minimises personnel costs. The current interest rate is 1.89% p.a.

MONETA Money Bank is a leader in digitalisation on the Czech banking market, so the area of housing finance is no exception. In addition to online refinancing of mortgages, the bank launched online origination of new home loans with a few clicks in November last year. Online property valuation, scoring and digital signature are expected to be added in the near future. Another planned new feature is the authentication of clients via bank ID, which MONETA plans to launch in October.

For more information, please contact:

Zuzana Filipová, mob.: [phone], [e-mail]

Beaufort PR

Jan Cihlář, [phone], [e-mail] or Media Service [e-mail] and www.moneta.cz

MONETA Money Bank, a.s., which is the controlling person of MONETA holding, is a leading independent Czech bank, servicing clients through its nationwide branch network. The bank has been traded on the Prime Market of Prague Stock Exchange since 2016. The bank has focused on retail and SME oriented business model with a strong position in the consumer and agriculture segments. In addition, the bank provides customers with insurance products and investment funds. MONETA serves more than 13% of the Czech population via an omni-channel distribution strategy which includes 154 branches and 555 ATMs, a market-leading digital banking platform, a call centre, auto dealers, building society and mortgage bank, brokers and leasing partners.

For more information, please contact:

Zuzana Filipová, mob.: [phone], [e-mail]

Beaufort PR

Jan Cihlář, [phone], [e-mail] or Media Service [e-mail] and www.moneta.cz

MONETA Money Bank, a.s., which is the controlling person of MONETA holding, is a leading independent Czech bank, servicing clients through its nationwide branch network. The bank has been traded on the Prime Market of Prague Stock Exchange since 2016. The bank has focused on retail and SME oriented business model with a strong position in the consumer and agriculture segments. In addition, the bank provides customers with insurance products and investment funds. MONETA serves more than 13% of the Czech population via an omni-channel distribution strategy which includes 154 branches and 555 ATMs, a market-leading digital banking platform, a call centre, auto dealers, building society and mortgage bank, brokers and leasing partners.