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PPF Financial Holdings

Air Bank

Air Bank is a new-generation retail bank. In pursuit of its vision to be the first bank people feel a true affinity with, it has been competing with traditional banks by offering simple, innovative services and maintaining a friendly approach to clients since forming in 2011. This approach has led to many awards.

Over its time on the Czech market, Air Bank has grown into its role as an innovator and leader in customer friendliness and meeting customers needs', routinely bringing new services and solutions to market. Air Bank has steadfastly acquired new business, increased its lending volume, and recorded all-around growth in its revenue from ordinary retail banking.

Air Bank

It was the first domestic bank to launch instant payments. It was also among the first to make the popular Apple Pay service available in the Czech Republic, subsequently going on to add Google Pay, Garmin Pay, and Fitbit Pay. It launched multi-banking and linked this system with all other major banks (from which many clients make their way to Air Bank). 

One major innovation was the option of opening an account in the My Air mobile app. Air Bank also introduced the domestic market’s first Czech-speaking voice assistant for its banking app and actively participated in the introduction of the banking identity system (BankID) in the Czech Republic.

Air Bank's Values
Simplicity
Truthfulness
Courage
Friendliness

At the end of 2020, eight years after its inception, Air Bank had more than 861,000 clients served by 795 employees at 34 branches in the Czech Republic’s largest towns and cities.

In 2020, Air Bank made a net profit of EUR 51 million on operating costs of EUR 60 million and net income less loan losses of EUR 123.7 million. Total assets increased by 15% year on year to EUR 5.2 billion. The bank’s equity rose by 14% to EUR 424 million. Total profit shrank by 12% year on year. Current account and savings account deposits went up 15% to EUR 4.7 billion in 2020. Lending expanded by 6% to EUR 2.2 billion

PPF Group holds 91.12% in Air Bank through PPF Financial Holdings B.V. and Home Credit B.V.

Zonky

Zonky, operated by Benxy (a subsidiary of Air Bank), is a P2P fintech platform. Zonky offers to lend money via a simple digital platform and application. Using a computer or smartphone, customers can handle the whole borrowing process from submitting an application to signing a contract within minutes. Zonky typically charges lower interest than traditional lenders.

Zonky also offers services for all types of investors, both experienced and newcomers based on sharing economy principles. At Zonky, clients themselves can make money by acting as a “bank” and investing into loans without an institutional intermediary, either through our in-house portfolio management or through a Zonky Rentiér.

Air Bank

Multiple Awards

Air Bank regularly wins awards from industry professionals and the general public. In industry competitions, Air Bank is noted as a top bank for the services it offers and chiefly for how friendly it is to customers.

Půjčka od Air Bank (Air Bank Loan) has been rated time and again as the fairest loan product in the Responsible Lending Index compiled by People in Need. The bank also consistently takes the top spot in delivering the best customer experience among companies active anywhere in the Czech Republic.

Key Financials (EUR millions)

2020

2019

Net profit 51 58
Total assets 5,208 4,671

Equity 

424

386

“We are keen to remain a friendly bank that can help people understand their money in as many areas as possible with simple and friendly services.”

Michal Strcula

Air Bank CEO

Air Bank's Growth

2020

2019

Number of clients 

861 000

788 602

Branches

34

35

Employees

795

798

Air Bank Clients

Key figures

Customer focus

Air Bank's growth

Air Bank's clients

Contacts

Air Bank

Evropská 2690/17
160 00 Praha 6
Czech Republic

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