A dissolved bank in Prague
Article Abstract:
Prvni mestska banka (PMB) (Prague, Czech Republic), municipal bank, increased its stock by 238.3 mil Kc in February 1999 compared to the original 612 mil Kc. About 214.4 mil Kc of the stock increase was ensured by the capital of Prague, which increased its stake in PMB from 67% to 73%. About 23.9 mil Kc of the stock increase was ensured by Investicni a Postovni banka (IPB) (Prague, Czech Republic). IPB holds a 21% stake in PMB currently compared to the former 25%. The remaining 6% stake in PMB is held by small-scale shareholders. PMB saw a loss of 504.3 mil Kc after the formation of reserves and rectifying items worth 545.3 mil Kc in 1998. The bank saw a loss of 80 mil Kc in 1997 compared to a net profit of 5.5 mil Kc in 1996. The company's balance sum was 8.04 bil Kc in 1996.
Comment:
Prvni mestska banka (PMB) (Prague, Czech Republic), municipal bank, increased its stock by 238.3 mil Kc in February 1999 compared to the original 612 mil Kc.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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Zivnobanka will pay 10% dividends
Article Abstract:
Zivnostenska banka (ZB) (Czech Republic), financial institution, saw a net profit of 339 mil Kc in 1997. The bank will pay 10% dividends from the profit. The bank's balance sum was 40.5 bil Kc at the end of 1997. The bank plans to invest 450 mil Kc in the development of private and personal banking in 1998-2002. ZB wants to increase its share on the inhabitant deposit market to 5% and the number of its clients to 500,000 shortly compared to the current 50,000.
Comment:
Financial institution posts net profit of 339 mil Kc in 1997
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1998
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IPB expects a net profit of 1.5 bil Kc
Article Abstract:
Investicni a Postovni banka (IPB) (Czech Republic), bank, expects a gross profit of about 6 bil Kc and a net profit of nearly 2 bil Kc in 1998. The volume of IPB's primary deposits should increase by 20% by the end of 1998 compared to 1997. The volume of the firm's primary Czech crown deposits increased by nearly 25 bil Kc to a total of 175.4 bil Kc for the first three quarters of 1998. IBP's balance sum increased by 38.4 bil Kc (16.2%) for the first three quarters of 1998.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1998
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