Moneta reported a net profit of CZK1.6bn for the second quarter of 2025, which is a 14.8% yoy increase mainly due to higher interest income and relatively stable costs. This figure exceeds the consensus by 1.7%. This corresponds to a high return on tangible equity of 23.4%. Loan portfolios increased in both the retail (+2.3% yoy) and commercial (+8.7% yoy) sectors. Moneta announced that it is on track to exceed its net profit target by CZK300-400m. This represents a +5.8% increase. This reflects the improved outlook for net interest income and cost discipline. We expect the consensus to increase.