Advertising News: Air Bank, Budweiser, and Super Bowl Break Record

Advertising News: Air Bank, Budweiser, and Super Bowl Break Record

The fat banks disappeared from the Air Bank spot After twelve long years, in August, a pair of struggling banks disappeared from television screens, both of which represented a diametrically different approach to banking. Instead of them, Air Bank bet on the password, this can also happen, and shows people how quality banking services can … Read more

Exploring Alternative Methods of Payment: The Impact of High Transaction Fees on Cash and Card Transactions

Exploring Alternative Methods of Payment: The Impact of High Transaction Fees on Cash and Card Transactions

The use of cash is certainly not experiencing a massive comeback, but it turns out that the fees for terminals and card transactions are so high that companies do not want to “subsidize” banks or payment card issuers. At the same time, the effort to create alternative ways for mobile payment is also growing. When … Read more

Shared ATM Network: Deposit Money at Komerční banka, Moneta Money Bank, Air Bank, and UniCredit Bank

Shared ATM Network: Deposit Money at Komerční banka, Moneta Money Bank, Air Bank, and UniCredit Bank

From the beginning of 2024, clients of Komerční banka, Moneta Money Bank, Air Bank and UniCredit Bank will gradually be able to deposit money in the shared ATM network under the same conditions as at their own bank’s facilities. The banks announced this in a joint statement on Thursday. This is the next step in … Read more

Czech National Bank Eases Mortgage Rules, Abolishing DSTI Limit for Applicants

On Thursday, the Banking Council of the Czech National Bank (ČNB) eased the rules for granting mortgages. From July, it will no longer require applicants to meet the limit of debt repayments to net monthly income (DSTI). Other rules remain in effect. Experts agree that the move will revive the mortgage market only slightly. According … Read more

Moneta will lay off hundreds of people by the summer. Other banks are moving employees

The tax on extraordinary profits, or the war tax, applies to the largest banks and energy companies. The government of Petr Fiala (ODS) promises up to 120 billion kroner in addition to this year’s budget. However, Moneta complains that because of the tax, he will have to radically limit investment plans and also get rid … Read more

Air Bank will make mortgages and consumer loans more expensive from May

For new mortgages, Air Bank will offer an annual interest rate of 4.79 percent; for mortgages transferred from another bank, the client can get the rate as low as 4.59 percent. At the same time, the bank will increase the minimum rates on consumer loans in May. On Tuesday, May 3, 2022, Air Bank increases … Read more

After merging with Air Bank, Moneta can benefit investors

According to Wall Street’s optimistic voices, the group’s growing emphasis on the Czech market and consumer business could earn tens of percent within a year and a day, also thanks to the impending increase in the shares of some major shareholders. “The success of the transaction may symbolize the gradual potential departure of PPF from … Read more

A new banking giant PPF is created. Moneta joins Air Bank, despite protests

On Monday, Moneta Money Bank shareholders agreed to merge with PPF’s banking division, which includes Air Bank, Czech and Slovak Home Credit and Benxy (Zonky). At the same time, the General Meeting approved the financing of the transaction, ie an increase in the bank’s share capital for the subscription of new shares. This was stated … Read more

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 … Read more

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 … Read more