A safe way to multiply money


NEWFINANCES s.r.o. was established on 22 May 2002. Its main goal is to continue the applied economic research initiated in the 20th Century by Ing. Pavel Ševčík. The results of this research, which mainly focused on the creation, distribution, circulation and extinction of finances (i.e. today’s “electronic money”), were the discovery of the new, unwritten financial laws of today’s credit society and the creation of a new economic discipline, namely Creditology. The aforementioned research results were first presented in Finance Magazine, this magazine being published by NEWFINANCES s.r.o. between 2003 and 2006. The research results were also subsequently presented in the book Theory of Credit Society or Why We Play Credit Games (Prague, 2012). Since 2022, NEWFINANCES s. r. o. has offered the general and professional public the opportunity to become credit literate by purchasing the book Creditology or How We Create Our Finances. What NEWFINANCES s. r. o. offers you is not just theory. In fact, NEWFINANCES s. r. o. has been practically verifying new scientific knowledge alongside its research for twenty years. How? By providing financial advice to individuals and companies interested in generating credit income in addition to their professional and capital income. When doing so, it did not stop at just consultancy for the financing of business and family ventures. Based on agreements with several banks, NEWFINANCES s. r. o. also arranged bank loans for its clients and family members. Today, twenty years later, the people who practically applied Creditology knowledge are dollar and euro millionaires.



The founder and long-time managing director of NEWFINANCES s.r.o.  and the main creator of the  Creditology  project was originally a forest worker by profession (1975 to 1978).  Yet Ing. Pavel Ševčík  has a wealth of practical experience. Among other things, over the past fifty years, he  has been:

A member of the team of economic advisors to the Government of the Czech Republic during the preparation of the Program of Transition to a Market Economy (1990 to 1991)

  • The managing director of the first Hypoteční banka mortgage bank in Central and Eastern Europe after the fall of the Iron Curtain (1995 to 1999)
  • He has been publishing for 40 years, mainly in economics and finance (1982 to present) 
  • Chairman of the Housing Association (1998 to 1999)
  • A member of the supervisory boards of several companies, including the Českomoravská záruční a rozvojová banka, a. s. development bank (1992 to 1999) 
  • An external lecturer specializing in financial management and Creditology (2000 to present)
  • A member of the European Board of Advisors to the Board of Directors of Aareal Bank, Wiesbaden, Germany (2000 to 2005)
  • A consultant to ministers and parliamentarians on fiscal policy and mortgage market development (1995 to 2000)
  • A consultant to chairmen and presidents of selected chambers and associations when addressing the economic crisis in the Czech Republic (1997 to 1999)
  • Vice president for finance of the Czech Committee for UNICEF (1992 to 2002)