PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

Air Bank’s net profit for Q1 2015 at CZK 129m

Air Bank posted a net profit of CZK 129m for the first quarter of 2015. According to general director Michal Strcula, for the entire 2015 the bank expects a higher profit than in 2014. The number of the bank’s clients increased 42% on the year to 343,000. The volume of deposits is 22% higher at CZK 57.6bn, while the net credit portfolio increased by 10% to CZK 25.6bn. Air Bank’s assets and liabilities grew by 24% to CZK 65.1bn.

Source: www.cianews.cz