“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
“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 … Read more
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 … 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
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 … Read more
The PPF financial group is led by a four-member steering committee, which was established in April, less than a month after the tragic departure of PPF owner Petr Kellner. The members are both minority shareholders of the group Ladislav Bartoníček and Jean-Pascal Duvieusart, financial director Kateřina Jirásková and lawyer Tomáš Brzobohatý. The Message List server … Read more
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 … Read more
In February alone, people took out mortgage loans for almost 30 billion crowns, so the shortest month of the year, according to Fincentrum Hypoindex statistics, became the strongest measured month in domestic history this year. The influx of people into banks was helped by fears of future increases in mortgage rates. “February this year surpassed … Read more
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
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