PPF is in trouble in Kazakhstan. The loan business and gold mining are at stake

“The priority is to ensure the safety and health of Bank Home Credit employees, which the PPF Group owns in Kazakhstan. We have news that everyone is fine. We continue to monitor the situation on a regular basis, “said Leoš Rousek, PPF Group Communications Director. The group, through its Kazakh bank, has been operating in […]

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 […]

Will infonavit credits rise after the 22% rise in the minimum wage?

After knowing that the minimum wage will increase 22% from next year, there is uncertainty about whether this will harm Mexican workers who pay an Infonavit credit, but fortunately it will not. According to the Institute of the National Housing Fund for Workers (Infonavit), a proportional increase will not be applied in the credits denominated […]

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 […]

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 […]

The ex-manager wants to buy part of Home Credit. He offered a billion dollars

PPF Group has been testing the sale of some of its assets for a long time. In addition to the infrastructure holding Cetin Group, it is looking for investors primarily for the Home Credit installment group. This is related to the overall transformation of the PPF Group, which wants to shift the focus of its […]