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MONETA Money Bank raises 2023 profit outlook

PRAGUE, Oct 26 -
Czech lender MONETA Money Bank boosted its full
year outlook on Thursday, after reporting higher-than-expected
quarterly earnings as fee. ....

Czech Republic , Sherry Jacob Phillips , John Stonestreet , Tomas Spurny , Jason Hovet , Money Bank , Executive Tomas Spurny ,

PPF, MONETA agree $1.2 billion deal to challenge top Czech banks


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. ....

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