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PRAGUE, Oct 26 - Czech lender MONETA Money Bank boosted its full
year outlook on Thursday, after reporting higher-than-expected
quarterly earnings as fee.
MONETA Money Bank 1Q 2023 Financial Results Conference Call Transcript of the conference call regarding MONETA Money Bank 1Q 2023 Financial. | May 3, 2023
By Reuters Staff
3 Min Read
PRAGUE (Reuters) -Czech financial group PPF and MONETA Money Bank agreed on terms to combine their Czech lending assets, creating a challenger to the country’s three biggest banks valued at 64.2 billion crowns ($3.01 billion), MONETA said on Thursday.
Under the signed deal, MONETA will buy smaller rival Air Bank and other assets from PPF, a group built by the richest Czech, Petr Kellner, who died in a helicopter crash in March.
PPF, already MONETA’s largest shareholder with just under a 30% share, will raise its stake to 55.4% if other stakeholders back the acquisition at a June general meeting.