Sunday , October 24 2021

Spurny: Moneta's planned merger with Air Bank's dividends will not be affected



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Planned dividend this year, the bank raised to 5.6 kronas per share after the publication of the results for three quarters, so far it was less. In the long run, the Bank agreed to pay out to shareholders at least 70 percent. Profit. He also promised them that they will pay at least CZK 11.5 billion in 2017, 2018, 2019 and 2020.

The coin, based on the results obtained, increased the estimate of this year's net profit to 4.1 billion kroner, or 100 million more than in the previous estimate in September. In 2017, he made 3.9 billion CZK. Next year, according to Spurn, profit will fall to CZK 3.6 billion due to one-off effects that have positively impacted the economy this year.

The Money Bank coin operates under its current name from 2016, the name of the former GE Money Bank has changed since it entered the stock exchange in May this year. A financial institution is one of the largest companies listed on the Prague Stock Exchange for a long time.

The Money Bank coin has recently launched a process of taking over shares in AirBank as well as Czech and Slovak home loans from an entrepreneur of PPF Group, Petry Kellner. The planned bank is to be called Air Bank, the transaction is expected to close in the middle of next year and is conditioned, among other things, by approval at the General Meeting of Currency Regulators and the Monetary Regulation.

The created bank will operate the third largest distribution network in the Czech Republic with 237 branches supplemented by 1005 ATMs. Over one million of Monet's customers would have added approximately 637,000 Air Bank customers and around 469,000 Home Credit customers. According to the number of customers, the new company will be the third largest bank for Česká spořitelna and ČSOB.

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