Locked content KNF asks four banks to not pay out dividend for 2016

Poland’s financial market supervisor KNF asked BZ WBK, BGŻ BNP Paribas, ING Bank Śląski and PKO BP to refrain from paying out the dividend for 2016. BZ WBK had met the initial criteria allowing for a 50 percent payout ratio, but the KNF applied additional criteria to account for the lenderR...

Locked content TGE to pay PLN 80 mln in back taxes

Warsaw Stock Exchange power trading platform TGE will pay PLN 80 million overdue VAT liabilities for the period between December 2011 and December 2016. In order to cover the debt, PGE took out a PLN 60 million loan from DNB Bank Polska. The owed VAT amounts to PLN 69.8 million plus PLN 10.2 million...