KNF approves mBank’s bond issue program worth PLN 15 bln
The financial market regulator KNF has approved mBank’s bond issue program worth PLN 15 billion, the watchdog informed. “The KNF approved an issue prospectus prepared by Warsaw-based mBank Hipoteczny...
View ArticlePoland to domesticate foreign banks – Morawiecki
Poland will seek to domesticate (if it cannot buy them outright) any foreign-owned banks that could be put on sale, Deputy Prime Minister and Development Minister Mateusz Morawiecki announced on...
View ArticleFT: PZU negotiates with UniCredit on the price of 40.1% stake in Pekao
“Poland’s PZU is confident about reaching a deal to acquire UniCredit’s Polish lender Bank Pekao by the end of October after talks between the two companies’ managements,” the Financial Times reported,...
View ArticleBank BPH ceases mortgage loans acceptance
Polish commercial lender Bank BPH has announced it will stop an acceptance of mortgage loans for its retail customers as of September 1, 2016. “The decision is related to the planned sale transaction...
View ArticleGetin Noble to trade PLN 50 mln bonds on Catalyst
Getin Noble Bank will start trading of 50,000 PP5-IV series bonds on the alternative Catalyst market on September 2, 2016, the bank informed. The value of each bond stands at PLN 1,000, a statement...
View ArticleChinese Fosun offers to buy 16.7% stake in Bank Millennium
Fosun Group, China’s biggest private conglomerate, is interested in the purchase of a stake in Bank Millennium, a unit of Portuguese Millennium BCP, Reuters informed. According to the news agency,...
View ArticlePKO BP eyes €500 mln mortgage bond issue in H2 – CEO
State-controlled lender PKO Bank Polski (PKO BP) intends to implement at least a €500 million mortgage bond issue on international markets in H2, CEO Zbigniew Jagiełło announced. “We want mortgage...
View ArticleBanks’ net profit 15.3% y/y down in July
Poland’s banking sector recorded an aggregated net profit of PLN 1.24 billion in July, a decrease of 15.3 percent y/y, according to data from the central bank NBP. In Q2, it amounted to PLN 4.82...
View ArticleKNF: loans up by 5.9%, deposits by 10.8% y/y I-VII
The Polish Financial Supervision Authority (KNF) published data regarding banks’ loans and deposits from January to July 2016 on a year-on-year basis. The total value of loans in the banking sector in...
View ArticleFinMin: No rivals interested in Pekao takeover
“The Polish government favors a purchase of UniCredit’s Polish lender Bank Pekao by domestic insurer PZU, but the price must be fair,” Finance Minister Paweł Szałamacha announced during the Ambrosetti...
View ArticleBGŻ BNP Paribas posts profit of PLN 33.4 mln in Q2
Commercial lender BGŻ BNP Paribas posted a PLN 33.4 million attributable net profit in Q2 2016, which is 6.7 percent higher on a quarterly basis, the bank informed. Net interest income inched up by 5.8...
View ArticleBanking sector net profit down 1.1% in I-VII
Poland’s banking sector recorded an aggregated net profit of PLN 9.3 billion in January-July 2016, according to data from the Financial Supervision Authority (KNF). It fell by 1.1 percent year-on-year....
View ArticlePolish Bank Association: FX mortgages spread will cost up to PLN 14 bln
The cost of returning spreads on FX mortgages for Polish banks may stand at PLN 7.7-14 billion, the Polish Bank Association (ZBP) announced on Thursday. “In the assessment of banks, the actual cost of...
View ArticleUOKiK submits to court over FX-mortgages at mBank
The Consumer Protection Authority (UOKiK) has for the second time struck down a contractual clause in some existing mortgage loans of commercial lender mBank, the watchdog informed on Friday. “Contract...
View ArticleAlior Bank and PKO BP launch negotiations with Raiffeisen
State-run Polish lender PKO BP and Alior Bank informed that they have started exclusive negotiations with Austria’s Raiffeisen over the purchase of its Polish unit. “The Bank has entered into...
View ArticleNordea Bank to hire 300 employees in new office in Łódź
WSE-listed lender Nordea Bank has announced it opened a 3,000 sqm office in the Symetris Business Park in Łódź and will employ about 300 people there. “We are developing very dynamically. We currently...
View ArticleBank Pocztowy appoints new CEO
State-owned Bank Pocztowy has appointed Sławomir Zawadzki as its new Chief Executive Officer (CEO), the lender announced in a market filing. Earlier, Sławomir Zawadzki has been employed as a Vice...
View ArticleKNF to present its opinion on FX mortgage relief
The financial market regulator KNF announced it will publish an opinion on the presidential bill on FX mortgage spreads return at the beginning of October 2016 at the latest. The draft bill was...
View ArticlePolish Bank Association: Over 31.5 mln e-banking contracts signed in Q2
The number of active accounts of online banking in Poland reached 15.2 million in Q2 2016, the Polish Bank Association (ZBP) announced on Wednesday. The figure was higher by 331,000 in comparison with...
View ArticleNet profit of banks falls 0.48% to PLN 10.32 bln – NBP
The net profit in the banking sector in the period January-August 2016 stood at PLN 10.32 bIllini, which represents a y/y fall of 0.48 percent, the National Bank of Poland reported. According to...
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