Report
Research Team

WOOD Daily: MONET CP; YKBNK TI; TOASO TI; EU Macro; CZ Macro; SNP RO; TRP RO; FP RO

HEADLINES:
• MONETA Money Bank: strong 2022 results and DPS recommendation (10% yield), neutral guidance POSITIVE
• Yapi Kredi: 4Q22 highlights - spreads seem to have held up better, familiar targets for 2023E
• Tofas: strong beat in 4Q22 results POSITIVE
• Europe macro: no surprises from the ECB
• Czech Republic macro: CNB outlook
• OMV Petrom: takeaways from the 4Q22 earnings call
• TeraPlast: takeaways from the 4Q22 earnings call
• Fondul Proprietatea: tender offer approved by FSA; tender price RON 2.19
• Short News (SNP, SNG, SR)
Underlyings
Fondul Proprietatea S.A. GDR (Reg S)

MONETA Money Bank AS

Moneta Money Bank as is a Czech Republic-based retail and expanding small and medium enterprises (SME) bank. The Company holds an universal banking licence and provides a range of retail and SME-focused financial products and services. The Company operates through a national distribution network of 229 branches and through alternative distribution channels, such as the internet, its call centre, auto dealers, brokers and approximately 4,700 leasing partners. The Company together with its controlled subsidiaries offers current accounts, savings accounts, term deposits and transactional banking products including payment services and debit cards, consumer loans, credit cards, overdrafts, mortgages and auto loans, auto leases and other complementary products such as bancassurance and sales of investment funds.

Petrom S.A.

Teraplast

Tofas Turk Otomobil Fabrikasi A.S.

Yapi ve Kredi Bankasi A.S.

Yapi Ve Kredi Bankasi is a financial services group. Co. serves its customers through its retail banking segment comprising of individual banking, Small and Medium Size Enterprises banking and card payment systems, corporate and commercial banking as well as private banking and wealth management segments. Co.'s operations are supported by domestic subsidiaries in asset management, brokerage, leasing and factoring as well as international banking subsidiaries in the Netherlands, Russia and Azerbaijan. As of Dec 31 2014, Co. had total assets of TL194.96 billion and total deposits of TL107.63 billion.

Provider
Wood and Company
Wood and Company

WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.

A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.

Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.

We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.

Analysts
Research Team

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