MF sells PLN 8.1 billion bond swaps

The Ministry of Finance sold PLN 8.07 billion worth of bond swaps on auction on Thursday, in return it acquired PLN 7.77 billion worth of bonds maturing next year.
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EU agrees on ETS carbon market reform

EU member states came to an agreement regarding the bloc’s the EU Emissions Trading System (ETS). The cap-and-trade system is the EU’s flagship tool for reducing greenhouse gases and meeting its climate goals by regulating emissions at some 12,000 industrial and power installations.

Locked content PKO BP submits failed bid to buy Baltics Luminor – Reuters

WSE-listed, state-owned lender PKO BP made an offer to buy Luminor, a Baltic peer, and is interests in buying other banks in the region, according to Reuters. The offer was rejected, Polish bank denied submitting any offers. “PKO Bank Polski has never submitted an offer to buy Luminor, neither has i...

Economic climate soars in Q4 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 3.1 points quarter-to-quarter and amounts 3 points in Q4 2017. In year-to-year terms, the index has gone up by 11.8 points.

Demand for housing loans up by 10.7 percent in October– BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 10.7 percent y/y in October. The average value of loan application amounted to PLN 238k and was higher by 5.6 percent y/y. The data excludes loan applications excee...

Locked content T-Mobile with PLN 1.6 bln revenue

Telecom T-Mobile Polska generated PLN 1.6 billion in revenue in the third quarter of 2017 (down by 1.2 percent y/y), the operator said. Consolidated EBITDA stood at PLN 375 million. The company had 10.29 million customers at the end of Q3. The subscriber base amounted to 6.79 million, while there we...

Locked content BGŻ BNP Paribas Q3 profit grows

WSE-listed lender BGŻ BNP Paribas, had a PLN 109.79 million net profit in Q3, up from PLN 10.22 million last year.  Net interest amounted to PLN 503.78 million, up 7.8 percent y/y, while net fees and commission stood at PLN 119.5 million, an 8.5 percent y/y decline. At end-Q3 the bank had assets wor...

Locked content Cyfrowy Polsat with PLN 242.9 mln Q3 net profit

WSE-listed media group Cyfrowy Polsat net profit amounted to PLN 242.9 million in Q3, slightly below the PLN 246 million market consensus. Revenues amounted to PLN 2.39 billion, up by 0.1 percent. Analysts surveyed by the Polish Press Agency (PAP) expected a PLN 2.37 billion in revenues. EBITDA amou...