How does the Air Bank that PPF wants to merge with Moneta make? Net profit grew

The Air Bank Group, which consists of Air Bank, Benxy and the Czech and Slovak Home Credit, reported a net profit of CZK 1.47 billion in the first nine months of this year. Year-on-year growth was 16.9 percent. On the other hand, operating revenues fell slightly by 1.6 percent to 4.29 billion crowns compared to […]

PPF and Moneta have agreed on a new merger financing model

“The PPF Group continues to promote its vision of creating a strong domestic bank with Czech capital. The merger of the Air Bank Group with Moneta seems to be a very suitable, but not exclusive, platform for this purpose. In a situation where the financial and commercial results of the Air Bank Group significantly exceed […]

Banks are raising interest rates on savings accounts. The growth was announced by Česká spořitelna, Trinity Bank and Air Bank

“The CNB unexpectedly raised interest rates sharply and this is the most significant one-off increase in interest rates since June 1997, which opens up room for banks to significantly increase interest rates on client deposits,” comments Lukáš Kovanda, a member of the government’s National Economic Council and chief economist at Trinity Bank. Trinity Bank raises […]

Banks are raising interest rates on savings accounts. The growth was announced by Česká spořitelna, Trinity Bank and Air Bank

“The CNB unexpectedly raised interest rates sharply and this is the most significant one-off increase in interest rates since June 1997, which opens up room for banks to significantly increase interest rates on client deposits,” comments Lukáš Kovanda, a member of the government’s National Economic Council and chief economist at Trinity Bank. Trinity Bank raises […]

Another bank in trouble. Air Bank clients will not have access to internet banking

The novinky.cz server pointed this out. Bank spokeswoman Jana Pokorná said that the company is solving problems intensively, but it is not yet clear how long it will take. Problems from Saturday night are also being solved by another domestic bank, Equa Bank. “We are currently facing an outage of online banking. At the same […]

California teachers are rebelling against the merger of Moneta and PPF

The merger of Moneta Money Bank and the banking division of the PPF Group has another opponent. It is Monety’s minority shareholder, the California State Teachers’ Retirement System (CalSTRS), a fund of teacher retirement savings in California. He is Moneta’s first shareholder to hear the recommendation of respected overseas shareholder advisors to vote against the […]

The end of PPF founder Kellner can complicate giant projects

In addition, PPF is considering listing the telecommunications company Cetin. Due to recent transactions, the value of Cetin could according to Bloomberg range over 176 billion crowns. There has also been speculation in the market about the entry of the Mall Group internet group on the stock exchange. The PPF Group has a 40% stake […]