Locked content Banking 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 profit amounted to PLN 3.84 billion. Operational costs stood at PLN 24.56 billion at end-Q3 and incre...

Eurostat: Retail sales up by 6.5% in September

The volume of seasonally adjusted retail trade in Poland grew by 6.5 percent year-on-year in September, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 0.8 percent.

Locked content PGE confirms Q3 profit

WSE-listed, state-controlled power utility PGE confirmed its previous estimates of PLN 1.46 billion net profit in Q3. The result is 123 percent better than last years’. EBITDA was likewise confirmed at PLN 2.66 billion, up by 62.1 percent y/y. The result was boosted by a one-off set of strande...

Locked content KNF approves Pekao and BOŚ CEOs

Financial Supervision Authority KNF cleared Michał Krupiński candidacy for the Pekao SA CEO and Bogusław Białowąs as the head of BOŚ. Krupiński was appointed deputy CEO back in June, pending KNF approval to become the lender’s president. He replaces Luigi Lovaglio, who was dismissed after Pekao SA w...

Locked content Gekoplast plans delisting

WSE-listed polypropylene panels producer Gekoplast wants to leave the Warsaw Stock Exchange in Q2 next year, the company’s CEO Piotr Górowski said. Company’s investor, Italian K-Holding wants to call a tender for all of the company’s shares no later than at the end of December. The investor has not ...

Locked content Emperia in talks with Lithuanian Maxima as potential investor

WSE-listed retailer Emperia has started talks with Lithuanian peer Maxima as a potential investor, Emperia said in a market filing confirming earlier reports by daily Parkiet. The talks should be concluded this year, according to Emperia. “The Company’s Management Board emphasizes that no defi...