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...

Locked content Grupa Azoty Q3 results soars, but below consensus

WSE-listed chemical giant Grupa Azoty had PLN 67 million net profit in Q3. Up by impressive 1,837 percent (from PLN 3.46 million), but below consensus set at PLN 88.4 million set by the analysts polled by the Polish Press Agency PAP. Revenues stood at PLN 2.19 billion, up by 9.8 percent y/y, while E...

Locked content Alior Bank with PLN 190 mln Q3 net profit

WSE-listed Alior Bank posted a PLN 189.88 million attributable net profit in Q3, up from PLN 86.94 million last year. Net income from interests soared to PLN 723.81 million, up by 47.6 percent y/y, fees and commissions amounted to PLN 103.2 million, up from PLN 87 million last year. Alior’s  total a...