Locked content BGK grants PLN 43.17 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 43.17 billion in guarantees for loans worth some PLN 76.7 billion issued to SMEs as of end-October under the state program of ‘de minimis’ credit guarantees, the bank said. As many as 130,620 SMEs took loans under the program. Firms c...

Locked content Unibep with PLN 68 mln deals with GDDKiA

WSE-listed builder Unibep signed two road construction deals with road authority GDDKiA worth PLN 68 million with PLN 65.6 million allocated to Unibep, the company said in a market filing. Both deals concern road work in Podlaskie voivodship, with the first one worth PLN 54.8 million net (with PLN 5...

AFP to buy five Panattoni schemes for €42 mln

South African investment fund AFP purchased 5 logistic centers from Panattoni for €41.9 million. “The deal on the Polish market is complementary to our strategy of investing in real estate with a long lease period, strategic for large, international and regional companies,” AFP President Michael Geo...

Locked content Medicalgorithmics with Q3 profit

WSE-listed medical diagnostic device producer Medicalgorithmics recorded PLN 11.27 million consolidated net profit in Q3 compared with PLN 5.6 million profit a year earlier, the company said in a market filing. EBIT was at PLN 14.09 million, up by 58.7 percent y/y, while revenues amounted to PLN 50....

Locked content Creepy Jar sets IPO price

NewConnect-bound game developer Creepy Jar has set a PLN 65 per share price tag in its bookbuilding process and has started the subscription for its shares that will run till November 27, the company said in a market filing. Creepy Jar plans to sell nearly 33k new series C shares to retail investors...

Locked content The number of public tenders on the rise – UZP

The number of published public tenders in October increased by 44 percent y/y to 27,284, according to data released by the Public Procurement Office UZP. At end-October that number reached 230,461 representing a 13 percent y/y increase….

Locked content KNF revokes FinCrea TFI license and slaps PLN 5 mln fine

Financial Supervision Authority KNF revoked investment fund FinCrea TFI operating license and put a PLN 5 million fine for failing to supervise some of its portfolios. “FinCrea TFI failed to supervise the entity entrusted to manage investment portfolios of FIZAN Agricultural Investments, Selective I...

Locked content KNF raises mBank’s FX mortgage capital buffer

The Financial Supervision Authority KNF asked WSE-listed mBank to raise its FX-denominated mortgage buffer to 4.10 pps, from the previous 3.81 pps. Of the buffer, 75 percent is to be maintained in Tier 1 capital and 56 percent in Core Tier 1 capital. mBank stated that it meets such requirements at t...

GUS: Consumer sentiment grows in November

In November, the consumer confidence indicator (BWUK) increased by 0.8 percentage points compared with last month, according to a report by Central Statistical Office (GUS). Now it stands at the level of 5.4. Compared to last year, the indicator is up by 7.8 percentage points