Locked content PKO BP to prematurely buy back PLN 1.6 bln of subordinated bonds

Poland’s biggest bank, WSE-listed PKO BP will buy back subordinated bonds worth PLN 1.6 billion before their maturity. The lender will execute its call option, which allows it to buy the papers in 5 years-time since they’ve been issued. PKO BP received the proper approval from the Financial Market A...

Locked content Altus with KNF approval to buy BPH TFI

WSE-listed investment fund Altus TFI received the Financial Supervision Authority (KNF) approval to takeover BPH TFI, the company said in a market filing. “Acquisition of BPH TFI is a fulfillment of our strategy announced at the time of our IPO in 2014. It anticipates active market consolidati...

Pengab banking sentiment drops in August

The Pengab index, which measures conditions in the banking industry, decreased by 1.2 points month-to-month to 22.8 points in August, according to the Monitor Bankowy report issued by Kantar TNS. Last year, the indicator stood at 21.1 points.

Locked content LPP confirms Q2 net profit

WSE-listed fashion retailer LPP recorded PLN 173.27 million consolidated net profit in Q2, compared to PLN 89.82 million profit a year earlier, the company reported in the report, confirming earlier estimates. Operating profit amounted to PLN 207.59 million, up by 140 percent y/y. Revenues increased...

OFE to transfer PLN 7.74 bln to ZUS in 2018

Private pension funds OFE will transfer PLN 7.74 billion to the Social Security fund ZUS under the pre-retirement asset shift next year and will receive PLN 3.27 billion in transfers from ZUS, according to ZUS financial plan for next year.
Image: Warimpex

Warimpex with new development plans in Kraków, Białystok

Warsaw Stock Exchange-listed Austrian developer and investor Warimpex is planning a new office project in Kraków, which will be located near the existing Chopin hotel and comprise approximately 20,000 sqm of leasable space. Called Chopin Office, the scheme is expected to be completed in 2019. The co...
Image: Dom Development

Dom Development launches another scheme in Warsaw’s Ochota

Warsaw Stock Exchange-listed residential developer Dom Development has launched sales of apartments in its Apartamenty Park Szczęśliwicki upscale project located in the Ochota district of the Polish capital. On offer are a total of 46 housing units in four three-story buildings, which are scheduled ...
Image: Panattoni Europe

Panattoni developing 50,700-sqm BTS project for OBI

Industrial space developer Panattoni Europe has launched construction work on an almost 50,700-sqm built-to-suit project located in the Nowosolna commune near Łódź, close to the A1 motorway, which will serve as the central warehouse of DIY retailer OBI in Poland. The scheme will be developed in two ...