KNF: Banking sector profit down in Q1
Poland’s banking sector recorded an aggregated net profit of PLN 2.84 billion in Q1, according to data from the Financial Supervision Authority (KNF), representing a 11.4 percent decline y/y. Net...
View ArticleNBP: Banking sector stable
Poland’s banking sector is stable and resilient, according to the latest financial stability report compiled by Poland’s Central Bank (NBP). However some actions should be undertaken to protect the...
View ArticleBanks to have 3% risk buffer – FinMin
According to the draft legislation prepared by the finance and development ministry, Polish banks will have to have a 3 percent systemic risk buffer as of next year. “This is an additional sum of Tier...
View ArticleGuarantee fund contributions won’t be increased – BFG head
The Polish banks will not have to pay higher contributions to the Banking Guarantee Fund (BFG) as the sector is currently stable and the funds already gathered are on adequate levels, BFG head Zdzislaw...
View ArticleBanking sector net down by 10.5% at end-April
Poland’s banking sector recorded an aggregated net profit of PLN 3.85 billion at end-April, according to data from the Poland’s Central Bank (NBP), representing a 10.5 percent decline y/y. In April...
View ArticleS&P: Polish banking sector with negative industry risk outlook
Poland’s banking sector is facing negative industry risk outlook, due to increasing state ownership in the sector, rating agency S&P said. According to S&P such situation can affect...
View ArticleBanking sector profit soars in May
Poland’s banking sector recorded an aggregated net profit of PLN 1.33 billion in May, according to data from the Poland’s Central Bank (NBP), representing a 35.4 percent growth y/y. At end-May, the...
View ArticleKNF: Banking sector down 2.15% at end-May
Poland’s banking sector recorded an aggregated net profit of PLN 5.17 billion at end-May, according to data from the Financial Supervision Authority (KNF), representing a 2.15 percent decline y/y. Net...
View ArticleBanking sector H1 profit drops
Poland’s banking sector recorded an aggregated net profit of PLN 6.88 billion in H1, according to data from the Poland’s Central Bank (NBP), representing a 16.9 percent drop y/y. In June the profit...
View ArticleLoans up by 3.9%, deposits by 4.8% in H1
According to data released by the Polish Financial Supervision Authority (KNF), the total value of loans in the banking sector in Poland, including foreign units, increased by 3.9 percent y/y reaching...
View ArticleKNF: Banking sector down 17.5% in H1
Poland’s banking sector recorded an aggregated net profit of PLN 6.87 billion H1, according to data from the Financial Supervision Authority (KNF), representing a 17.5 percent decline y/y. Net income...
View ArticleBanks expected to grant over record-high PLN 40 bln in mortgages – report
According to report by the Polish Bank Association (ZBP) market lobby, lenders will issue over PLN 40 billion worth of mortgages, exceeding the previous record of PLN 40 billion set in 2012. The...
View ArticleBanking sector profit grows by 25.1% in July – NBP
Poland’s banking sector recorded an aggregated net profit of PLN 1.22 billion in July, according to data from the Poland’s Central Bank (NBP), representing a 25.1 percent growth y/y. At end-July, the...
View ArticleFX mortgage bill more expensive than estimates. Could destabilize the sector...
The cost of the presidential draft bill on FX mortgage conversion will cost lenders several PLN billion, according to the president of market lobby Polish Banks Association (ZBP) Krzysztof...
View ArticleMoody’s: Polish banking system with ‘stable’ outlook
The rating’s agency Moody’s kept the outlook of the Polish banking system as “stable.” According to the agency, strong economic growth will boost corporate and household spending. “Accelerating...
View ArticleMoody’s: FX mortgage relief to trim banks profit by 16-38 percent
Ratings agency Moody’s estimates that four banks, most affected by the planned FX mortgage relief law will see their pre-tax profits down between 16-38 percent. The lenders include Millennium, BGZ BNP...
View ArticleBanking sector profit grows by 19.1% in August – NBP
Poland’s banking sector recorded an aggregated net profit of PLN 1.27 billion in August, according to data from the Poland’s Central Bank (NBP), representing a 19.1 percent growth y/y. At end-August,...
View ArticleBanking sector Q1-Q3 profit drops
Poland’s banking sector recorded an aggregated net profit of PLN 10.55 billion at end-Q3, according to data from the Poland’s Central Bank (NBP), representing a 7.1 percent drop y/y. In Q3 alone the...
View ArticleKNF issues new dividend regulations for banks
The Financial Supervision Authority KNF, released new dividend payout criteria for banks for 2018. To be allowed to pay them out, lenders cannot be undergoing restructuring, have to have a leverage...
View ArticleFitch: CEE banks to see marginal improvement
According to rating agency Fitch, the banking sector in the CEE region, particularly in Poland, Romania, and Czechia should see a marginal improvement in overall profitability, as funding, assets...
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