Thursday , January 28 2021

Spurny: Planned Coin Currency with Air Bank's dividend will not affect

The planned dividend this year, the bank raised its share to 5.6 kronor after publishing the results for three quarters, so far it has been smaller. In the long run, the Bank undertook to pay to shareholders at least 70 percent of the profit. They are also promised to pay at least 11.5 billion CZK in 2017, 2018, 2019 and 2020.

As a result, the currency strengthened its estimate of this year's net profit to 4.1 billion crowns, or 100 million more than the previous estimate in September. In 2017, he earned 3.9 billion CZK. In the following year, according to Spurn, it will fall to CZK 3.6 billion due to the one-off effects that have positively impacted the economy this year.

Money Bank operates under its existing name since 2016, the name of the former GE Money Bank bank changed since it entered the Stock Exchange in May of that year. For a long time, the financial institution is one of the largest trading companies traded on the Prague Stock Exchange.

Money Bank recently launched the process of downloading AirBank and Czech and Slovak Home Credits from Petro Kellner's PPF Group. The planned bank should bear the name Air Bank, closing the transaction is expected mid-year later and is conditioned, inter alia, by approval at the General Assembly of Monetary and Monetary Regulators.

The bank that could be established would be the third biggest distribution network in the Czech Republic with 237 outlets supplemented with 1005 ATMs. More than a million users The coin would add 637,000 Air Bank customers and approximately 469,000 users of Home Credito. According to the number of customers, the new company will be the third largest bank for Česká spořitelna and ČSOB.

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