Locked content PKO BP to open corporate branch in London

WSE-listed lender PKO BP will open its first corporate banking branch in London this year, the company’s CEO Zbigniew Jagiełło announced. The outlet will service Polish companies. “We are filling in the niche, the need for our clients.In Frankfurt, we opened a branch that serves Orlen Deutschland as...

Locked content ZUE with PLN 330 mln deal with PKP PLK

WSE-listed railway infrastructure builder ZUE signed a net PLN 330 million (gross PLN 406 million) deal for works on the 99 railway line with railway infrastructure firm PKP PLK. The deal concerns the part of the line linking Chabówka with Zakopane, and line 98. After the construction, which include...

Locked content Lotos dismisses CEO

WSE-listed, state-controlled fuel giant Lotos dismissed its CEO, Marcin Jastrzębski and appointed its to-date Deputy CEO Mateusz Bonca as acting president, the company said in a market filing. No reason for personnel change has been given. Jastrzębski has been running the company since November 2016...

Locked content JSW with PLN 4.5 bln coal delivery deal with ArcelorMittal

WSE-listed coal miner JSW signed a PLN 4.5 billion three-year coal sales deal with ArcelorMittal. The deal is valid through 2020 with a possibility to extend the deal one year at the time until end-2027. “The contract will be subject to extension for another year after agreeing the qualitative and q...

Locked content Household savings reach PLN 1.38 trillion – Analizy Online

The value of household savings increased to PLN 1.38 trillion in Q4, 2017, according to a report prepared by Analizy Online, which is PLN 27 billion q/q increase and PLN 107 billion y/y growth. In Q4, assets accumulated on deposits in banks and credit unions increased the most (by PLN 19 billion). I...

Locked content e-Xim IT mulls NewConnect debut

IT company e-Xim IT plans to debut on the small-cap, alternative NewConnect market in the second half of the year, the company said. “The IT industry, as well as the expectations and needs of companies in this area are changing dynamically. Digital transformation raises specific requirements, which ...

Locked content Arbis interested in GetBack private placement

Equity fund Abris Capital Partners is interested in participating in the private placement offer of WSE-listed debt collector GetBack, the company said in a market filing. Arbis currently controls 60 percent stake and wants to retain similar stake after the new share issue. Abris wants to buy shares...

Locked content Talanx with €632 mln 2017 profit

WSE-listed insurance group Talanx posted a €672 million net profit in 2017 (vs €903 million the year before) according to the company’s financial results. Operational profit stood at €1.8 billion, down from €2.3 billion in 2016, while gross written premium increased to €33 billion, from €31.1 ...

Locked content Dino Q4 profit up by 92%

WSE-listed retailer Dino increased its Q4 net profit by 92 percent y/y to PLN 72.9 million, the company said in a market filing. Revenues amounted to PLN 1.27 billion, up 38.9 percent y/y, while operating profit stood at PLN 102.4 million, a 56 percent y/y increase. Like-for-like sales increased by ...