Joy in the castle town – the start of a modern, new bank

Joy in the castle town – the start of a modern, new bank

The best is saved for last: As the last step in a renovation program worth around four million euros in the Gmünd district, Raiffeisenbank Oberes Waldviertel built a completely new bank branch in Heidenreichstein. After the demolition of the former bank office in May and construction at a record pace, operations restarted before Christmas. The … Read more

Regional bank Raiffeisen – E15.cz will also offer Bitcoin

Regional bank Raiffeisen – E15.cz will also offer Bitcoin

Raiffeisenbank in the Czech Republic is canceling the accounts of entrepreneurs with cryptocurrencies, but its Austrian relative perceives digital currencies in a completely different light. In January, clients of the Viennese branch of one of the regional banks, Raiffeisenlandesbank, which jointly owns the Czech mother Raiffeisenbank, will see offers for trading bitcoin and crypto directly … Read more

For a cold and for inflation. Penta issues a giant bond package Dr. Max, they have to cover the price increase – E15.cz

For a cold and for inflation.  Penta issues a giant bond package Dr.  Max, they have to cover the price increase – E15.cz

The largest pharmacy chain in the Czech Republic Dr. Max came out with an offer for investors. It enters the market with a package of bonds in the amount of two and a half billion crowns, with a possible increase of up to five billion. The pharmaceutical giant, which is part of the Penta financial … Read more

KBC Bank definitively acquired Raiffeisenbank (Bulgaria)

The Belgian KBC Bank and Raiffeisen Bank International have finalized the transaction, which was announced on November 15, 2021, regarding the acquisition of 100% of the shares of Raiffeisenbank (Bulgaria) EAD, which represents Raiffeisen Bank International’s banking operations in Bulgaria. The transaction also includes 100% of Raiffeisenbank’s (Bulgaria) subsidiaries: Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management … Read more

After the merger of UBB and Raiffeisenbank: what customers will feel

The merger of United Bulgarian Bank and Raiffeisenbank Bulgaria will be the first of its kind in more than two years and most likely there will be others in the next 1-2 years. In other words – before Bulgaria’s entry into the eurozone, which at the earliest, but not so realistic, would happen in 2024, … Read more

Cold January shower for banks. Monthly profits fell to a 20-year low

The sector last showed worse numbers at the start of the year in 2000, when it was in a two billion loss. This is a warning signal for this year’s bank gains, even though January is a business-specific month, experts agree. “Nobody expected this year’s lockdown in the autumn, and its impact will delay the … Read more

The average wage rose to 38 and a half thousand. Women earn less, but their wages grew faster – ČT24 – Czech Television

Wage growth was the highest in the whole of 2020 Real wage growth of 3.8 percent in the fourth quarter was the highest in a full year last year. In the first quarter, after adjusting for inflation, wages rose by 1.5 percent, in the third by 1.8 percent, and in the second quarter they even … Read more

Equa Bank is ending, it has been on the market for 10 years. It will be swallowed up by Raiffeisenbank

Raiffeisenbank International (RBI) bought one hundred percent of Equa bank shares from AnaCap Financial Partners. The successful conclusion of a transaction is subject to regulatory approval. Raiffeisebank did not disclose the price of the transaction. “The acquisition of Equa bank is fully in line with our strategy. The Czech Republic is one of the key … Read more

The average mortgage rate fell in October for the seventh time in a row, interest in mortgages is not slowing down – ČT24 – Czech Television

However, this year will definitely not be a record for the number of pieces, said Vladimír Staňura, an advisor to the Czech Banking Association. So far, 73,000 of them have been sold so far, which is less than 90,000 for the whole year. For comparison, in the strongest year 2016, 115 thousand mortgages were sold. … Read more

The mortgage bubble continues to inflate. The overheated housing market is just ahead of the record

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