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GE Money Bank (formerly GE Capital Bank) was a significant institution in the Czech Republic. It was founded in 1997, after the acquisition of Agrobanka bank as GE Capital Bank. In the year 2000, it changed the name to GE Money Bank. It went through an IPO in 2016 and operates under the new name of Moneta Money Bank.
In 2018 Home Credit Group initiated sale of its Czech operation consisting of Home Credit Czech and Slovak and Air Bank to Moneta Money Bank. [15] The deal was criticized as one-sided deal that gives Home Credit's subsidiaries unusually high valuation with unusual terms of the deal that would lead to renaming of Moneta Bank to Air Bank. [16]
Monetary policy is generally presumed to be the policy preserve of reserve banks, who target an interest rate. If control of the amount of base money in the economy is lost due failure by the reserve bank to meet the reserve requirements of the banking system, banks who are short of reserves will bid up the interest rate.
Other large issues on the Prague Stock Exchange's Prime Market include banking houses - Komerční banka, [70] MONETA Money Bank [71] and the dual listing of the Austrian company Erste Group Bank, [72] under which the local bank Česká spořitelna [73] falls; as well as Colt CZ Group [74] focusing mainly on the production of firearms (traded ...
The Temple of Juno Moneta (Latin: Templum Iunonis Monetæ) was an ancient Roman temple that stood on the Arx or the citadel on the Capitoline Hill overlooking the Roman Forum. [2]
Moneta Money Bank MONETA Stavební spořitelna National Development Bank; PPF Banka; Raiffeisen stavební spořitelna Raiffeisenbank (Czech Republic) Stavební spořitelna České spořitelny Trinity Bank UniCredit Bank Czech Republic and Slovakia
In Ancient Greece and the Roman Empire, copper coins were used for small transactions and were issued a monetary value greater than the value of the metal itself. [3] This established the principle of token money, which is the nature of coinage in contemporary society. [3]
Monetary economics is the branch of economics that studies the different theories of money: it provides a framework for analyzing money and considers its functions ( as medium of exchange, store of value, and unit of account), and it considers how money can gain acceptance purely because of its convenience as a public good. [1]