Variable Credits on the Rise: Entities Shift Strategy as Era of Cheap Money Ends

Variable Credits on the Rise: Entities Shift Strategy as Era of Cheap Money Ends

The entities change their strategy and bet on variable credits at the end of the era of cheap money Loans that vary their rate conditions reached record numbers in the first quarter, with increases of 20% compared to 2022 The escalation of the Euribor causes increases in mortgage payments that reach 37% in the youngest … Read more

Břeh Festival: Bringing Diversity and Alternative Music to Ostrava

Břeh Festival: Bringing Diversity and Alternative Music to Ostrava

At the first year of the Břeh festival, for example, Slovak post-punk band 52 Hertz Whale, Prague alternative singer-songwriter Amelie Siba, but also rapper Anki and representatives of the noise scene, such as local Tilikum, Prague-Silesian Patole and Czech-Canadian Alpha Strategy will perform at the first year of the Břeh festival. “Of course, Ostrava has … Read more

Financial Services Commission considers allowing big tech companies to handle banking work

Financial Services Commission considers allowing big tech companies to handle banking work

[뉴스토마토 김보연 기자] The Financial Services Commission has decided to consider introducing a ‘banking agency’ so that big tech companies, post offices, telecommunications and distribution agencies can do banking work. It is also a policy to look into ways to expand the scope of business that financial companies can entrust to non-banks. However, it is … Read more

NFL announces two American football games in Frankfurt in November: Pre-registration required for tickets

NFL announces two American football games in Frankfurt in November: Pre-registration required for tickets

Two American football games will take place in Frankfurt in November. The first game goes on sale on June 27th. However, NFL fans need to keep one thing in mind. The American football league NFL has announced the launch of tickets for the two upcoming games at Deutsche Bank Park in Frankfurt. Interested parties can … Read more

Czech National Bank Purchases Record Amounts of Gold, Aim to Concentrate 100 Tons in Safes

Czech National Bank Purchases Record Amounts of Gold, Aim to Concentrate 100 Tons in Safes

CNB Governor Aleš Michl is fulfilling his long-term goal of concentrating one hundred tons of gold in the Czech National Bank. Only during his tenure at the head of the bank, approximately five and a half tons of gold were added to its safes, while the purchases of the precious metal are still increasing. From … Read more

Rural Banks in China Lower Deposit Rates: What Investors Need to Know

“From June 1, our bank’s five-year deposit rate will be lowered from 4% to 3.9%, and the three-year deposit rate will be lowered from 3.5% to 3.4%. It is not sure whether it will continue to be adjusted.” Dujiangyan Jindu Village Town Bank staff told China Securities Journal reporters. Recently, a number of rural banks … Read more

Monetary Policy Committee Raises Policy Rate to Support Economy and Boosts Commercial Bank Profits for 2023

Monetary Policy Committee Raises Policy Rate to Support Economy and Boosts Commercial Bank Profits for 2023

The MPC raised the policy rate by 0.25% to 2.00% supporting the economy. and travel The broker assesses a positive effect on the profits of the commercial banking group. Ready to reveal the projection for the year 2023 Rising interest rates are not over yet, pushing the MPC to 2.25% at the end of the … Read more

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

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