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...
View ArticleNBP: 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...
View ArticleBanking 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,...
View ArticleBanks 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,...
View ArticleKNF: 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...
View ArticleKNF: 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...
View ArticlePoland 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...
View ArticleKNF: 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...
View ArticleBanks 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...
View ArticleBank 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...
View ArticleMoody’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...
View ArticleKNF 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...
View ArticleBanks 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...
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). “Poland’s financial system is functioning in a stable...
View ArticleS&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...
View ArticlePKO 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...
View ArticleBanking 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...
View ArticleBanking 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...
View ArticleBanks 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...
View ArticleBanking 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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