The two largest domestic banks have announced that mortgage loans are becoming more expensive. The reason is rising resource prices on the interbank market. The availability of housing will thus worsen even more, people will be able to repay the loan all their working lives. On the other hand, overheated housing prices could gradually cool … Read more
Brávek left Česká spořitelna at the end of June and will continue to advise the bank’s management by the end of the year. “Leaving the board of directors was not a difficult decision. I am celebrating my sixties this year and I think it is time to slow down a bit, “said Brávek about his … Read more
At the Extraordinary General Meeting, Moneta’s shareholders did not approve the proposed financing of the merger with the banking part of PPF, which includes Air Bank, Czech and Slovak Home Credit and Benxy, which was needed to complete the transaction. Earlier, they agreed on the intention of the merger, said Moneta spokeswoman Zuzana Filipová 61.9 … Read more
On Monday, the Ministry of Finance launched the 12th issue of bonds, which can be ordered until Friday, September 17. In the previous issue, people ordered government bonds intended only for individuals for 4.54 billion crowns. The number of orders was 5,871. During 11 subscription periods, interest in savings bonds amounted to approximately CZK 33.2 … Read more
“The sale price is lower than the value of the cost of removing the assets in question from the consolidation of the CEZ Group,” says CEZ spokeswoman Alice Horakova, adding that it is therefore necessary to create a provision. The CEZ’s financial report for the first nine months then states: “A provision will be recognized … Read more
The average mortgage rate fell to 2.02 percent in October from 2.07 percent in September. The rate decreased for the seventh month in a row, so low for the last time in March 2017. October, with a mortgage volume of 25.214 billion crowns, became the second strongest month in the history of the hypoindex compiled … Read more
“We have reduced labor costs by fifty percent,” he said pandemic coronavirus head of the Kara branch network, Pietro Filipi, Etam Ladislav Pštros. “We had a hundred people at headquarters, now there are fifty, and in retail we have reduced labor costs by twenty percent,” he said. About two hundred people have left the company … Read more
Despite the second wave of the pandemic and the partially subdued economy, interest in mortgages is extreme, banks say. According to the hypoindex, which has been monitoring the housing loan market for a long time, this year may break a historical record. At a time of coronavirus crisis, this is something no one expected. Unlike … Read more
Almost a quarter of a million Czechs enjoy the last two weeks of apparent well-being. But from November, they will have to start repaying their mortgages and consumer loans again. The pandemic in the Czech Republic, meanwhile, is writing its second and much wilder act than spring. The economy is still less closed than last … Read more
According to analysts, the slowdown in interest-bearing financing of uncertain business contributed to the fact that the average interest rate on corporate loans fell from a maximum of 3.37 percent in February this year to 1.5 percent at the end of the February holidays. This is the lowest interest rate at least in the last … Read more