Breakthrough year for workers: real wages fell by more than 7 percent due to inflation

Breakthrough year for workers: real wages fell by more than 7 percent due to inflation

The average wage in the Czech Republic increased by 7.9 percent year-on-year to 43,412 crowns in the fourth quarter of last year. However, after accounting for inflation, which reached 15.7 percent in the same period, wages decreased by 6.7 percent in real terms. It thus fell for the fifth quarter in a row, by 7.5 … Read more

Commercial bank loans in 2022 grew 2.1%, NPL decreased after gradual debt restructuring.

Commercial bank loans in 2022 grew 2.1%, NPL decreased after gradual debt restructuring.

Ms. Suwannee Jesadasak Assistant Governor Financial Institutions Supervision Division 1, Bank of Thailand (BOT) revealed an overview of the commercial banking system in 2022 that commercial banking system credit in 2022 grew by 2.1%, decelerating from the previous year. from debt repayment of large corporate, public sector and soft loan, as well as the transfer … Read more

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

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

Savings bank vs inbang… Interest rate competition to park passbooks on fire

Savings bank vs inbang… Interest rate competition to park passbooks on fire

As internet-only banks recently raised the interest rate for parking accounts, savings banks are also raising interest rates for parking accounts to attract short-term funds. As interest rates on commercial bank deposits rose, the attractiveness of parked passbooks seemed to diminish. ▷Related article: Getting out of the ‘parking account’… Competition in the bank and savings … Read more