Banking sector profit significantly drops in October – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.06 billion in October, according to data from Poland’s Central Bank (NBP), representing an 11.6 percent drop m/m. Year-to-date, the sector had PLN 12.7 billion net profit, the y/y change is not available due to a change in methodolog...

Locked content Altus TFI faces KNF fine

Financial Supervision Authority KNF launched an administrative procedure aimed at imposing fines on the WSE-listed fund manager Altus TFI, the company informed in a market filing. The case concerns potential misrepresentation of Centrum Finansowe Banku BPS share valuation. Altus also informed that i...

Locked content Atlanta with tender offer. Plans delisting

The majority shareholders of WSE-listed dry tropical fruits and nuts importer Atlanta Poland, including Rockfield Holding and Rockfield Jurata announced a tender offer for 2,468,957 shares of the company representing 40.53 percent stake at PLN 4.20 apiece, the company said in a market filing. If the...

Locked content IAI to be delisted

Majority shareholders of the listed on the small-cap, alternative NewConnect market IAI have agreed to delist the company. Investment fund MCI Capital, which now controls 95.91 percent of the company has been increasing its stake in the last couple of months and can now delist the company. IAI offer...

Locked content CBA arrests 7 former KNF members, including former chief

Officers of the Central Anti-corruption Bureau (CBA) arrested seven former employees of the Financial Supervision Authority KNF, including its ex-President Andrzej J who helmed the office between 2011-16. According to CBA, the arrests are a result of the ongoing investigation in the case of KNF supe...

Unemployment at 5.8% in October– Labor ministry

The registered unemployment rate amounted to 5.8 percent in October, a 0.1 percentage point less compared to September, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.

Locked content PGNiG gets share in exploration and production license in UAE

WSE-listed gas giant PGNiG secured a share in a hydrocarbon exploration and production license from Al Khaimah Petroleum Authority in the United Arab Emirates, the company said in a market filing. “PGNiG’s previous experience in exploration for oil and gas abroad is bringing specific benefits ...

Locked content Poles to spend PLN 594 on Christmas gifts – report

Poles will spend an average of PLN 594 on Christmas gifts this year, according to a study commissioned by eBay. Out of that amount, PLN 236 will be spent on presents for children. Although Christmas usually brings pleasant connotations, for 37 percent of women and 26 percent of men, they are associa...