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KSF leaves anti-cyclical buffer at 0%

Macroprudential body KSF recommended maintaining the anti-cyclical buffer for banks at 0 percent, which was approved by the Polish government, Central Bank NBP reported. “The risk structure and...

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NBP: financial system stable. Some risks remain

The Polish financial system is stable, and while risks have not significantly changed they still remain, central bank NBP said in its semi-annual review of the sector. The system is boosted by strong...

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Banking sector profit grows by 15.6% in November – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.09 billion in  November, according to data from Poland’s Central Bank (NBP), representing a 15.6 percent growth y/y. At end-November,...

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Banks profit could exceed forecasts – KNF

The banking’s sector profit could exceed previous estimations, according to the Financial Supervision Authority (KNF). “As banks adapt well to new conditions by reducing interest on select deposits,...

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KNF: Banking sector down 2.5% at end-November

The banking sector recorded an aggregated net profit of PLN 12.77 billion at end-November, according to data from the Financial Supervision Authority (KNF), representing a 2.5 percent decline y/y. Net...

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KNF: number of branches, employees in the banking sector drops

The number of branches of the nationwide banking branches decreased at the end of November by 400 branches to 6,699, Financial Supervision Authority KNF said. At the same time, the number of affiliates...

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Poland could have 6-7 universal banks in a few years’ time – Borys

According to the CEO of state-run Polish Development Fund (PFR) Paweł Borys, the number of universal banks in Poland could drop to 6-7 in a few years. “Due to regulations becoming stricter, banking has...

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KNF: Banking sector profit drops 2.3% in 2017

The banking sector recorded an aggregated net profit of PLN 13.6billion last year, according to data from the Financial Supervision Authority (KNF), representing a 2.3 percent decline y/y. Net income...

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Banks to pay over PLN 2.2 bln to guarantee funds

Polish banks will pay PLN 1.24 billion to the banks’ guarantee fund BFG and PLN 960 to the resolution fund this year, the Banking Guarantee Fund said. The amount is 5 percent higher than in 2017 when...

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Bank tax reached PLN 3.6 bln in 2017 – KNF

The value of the banking tax paid by lenders last year amounted to PLN 3.63 billion, the Financial Supervision Authority said. “Last year, banks made a profit of PLN 13.6 billion. This is 2.3 percent...

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Moody’s: Polish banking sector has ‘strong fundamentals’

While Polish banks enjoy strong fundamentals, their profitability could come under increased pressure once the FX mortgage bill is approved, rating agency Moody’s said. “The quality of loans will...

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KNF recommends banks pay 75-100% of profits in dividend payouts

Financial Supervision Authority KNF said that it recommends banks to pay out 75-100 percent of its profits in dividends in the medium term. Full dividend payout ratios will be allowed for banks that...

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Banks to loosen consumer loans criteria, tighten corporate lending – NBP survey

Polish lenders plan on loosening criteria for consumer loans in Q2 but will tighten them for long-term corporate credits for SMEs, according to the survey on the credit market situation carried out by...

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NBP: 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). “Poland’s financial system is functioning in a stable...

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S&P: banking sector consolidation still possible

Polish banking sector might see further consolidation, according to S&P analyst Michał Selbka, but the potential merging of PKO BP and Pekao is unlikely and could hurt competition. “It is probable...

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PKO BP interested in large takeover as the sector faces further consolidation...

The Polish banking sector has space for 5 large financial institutions, according to the CEO of the largest bank, PKO BP. Zbigniew Jagiełło thinks that small and mid-sized entities will be taken over...

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Banking sector H1 net profit up 17.1% y/y – KNF

The banking sector recorded an aggregated net profit of PLN 7.84 billion in H1, an increase of 17.1 percent versus a year ago, Financial Supervision Authority (KNF) reported. Net interest income in the...

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Banking sector 7-month net profit at PLN 9.12 bln

In January-July the banking sector recorded net profit of PLN 9.12 billion, the National Bank of Poland (NBP) reported. Net interest income in the same period amounted to PLN 26.27 billion. In July net...

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Banks paid PLN 1.86 bln in H1 – KNF

The value of the banking tax paid by lenders in H1 amounted to PLN 1.86 billion, the Financial Supervision Authority said. This is PLN 68.7 million more than last year. The banks assets at end-June...

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Banking sector profit inches up in August – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.31 billion in  August, according to data from Poland’s Central Bank (NBP), representing a 1.9 percent growth m/m. At end-August, the...

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