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Poczta Polska nixes IPO plans

State-owned postal operator Poczta Polska has decided against its earlier IPO plans, according to its latest strategy plan. “We do not see the necessity to be listed. The regulations regarding such companies can limit the possibilities to accomplish set goals, as you have to take into consideration ...

Locked content Bank Handlowy expects PLN 60 mln net profit in Q1

WSE-listed Bank Handlowy likely ended the first quarter with a PLN 60 million net profit, the lender said in a market filing. The result was impacted by “lower trading result” and a “one-off booking of reserves for premiums to the bank resolution fund” at the Banking Guarantee Fund, Handlowy said of...

Locked content Bank Handlowy with PLN 130 mln net profit in Q4

WSE-listed Polish unit of Citigroup, Bank Handlowy had PLN 130.3 million net profit (10.2 percent y/y growth), beating slightly the PLN 127.8 million consensus, according to lender’s preliminary financial report. Considerable cost cutting and below expectation loan loss provisioning helped Han...

Locked content Bank Handlowy net profits above consensus in Q2

Bank Handlowy, the Polish unit of Citigroup, recorded a consolidated net profit of PLN 222 million in Q2 2016 (versus consensus of PLN 200.5 million), compared to PLN 150.2 million a year earlier, the lender said in its financial statement. The bank’s net interest income amounted to PLN 252.3 ...

Locked content KNF to view Bank Handlowy as systemically important

The Committee of Financial Supervision  (KNF) decided to submit a motion to the Financial Stability Committee for expressing an opinion in the matter of recognizing the lender Bank Handlowy as an systemically important institution, the bank reported. As a systemic institution, Bank Handlowy  would h...

Locked content Bank Handlowy net profits fall by more than 50%

Bank Handlowy, the Polish unit of Citigroup, recorded a consolidated net profit of PLN 104.4 million in Q1 2016, compared to PLN 217 million a year earlier, the lender said in its financial statement. The bank’s net interest income amounted to PLN 247.4 million in Q1 2016, in comparison with P...

Locked content Bank Handlowy net profit at PLN 626.4 mln in 2015

Bank Handlowy has recorded a consolidated net profit of PLN 626.42 million attributable to shareholders of the parent company in 2015, compared to PLN 947.31 million in 2014. The bank’s net interest income amounted to PLN 976.6 million (in comparison with PLN 1,163.94 million a year earlier). ...

Locked content Bank Handlowy results better than expected

Bank Hadlowy, the Polish unit of Citigroup, recorded a consolidated net profit of PLN 118.3 million in the fourth quarter of 2015 compared to PLN 205 million a year earlier, the lender said in its financial statement. The market consensus was PLN 108.7 million. The bank’s net interest income a...

Locked content Bank Handlowy results better than expected

Bank Hadlowy, the Polish unit of Citigroup, recorded a consolidated net profit of PLN 228.4 million in the third quarter of 2014 compared to PLN 165.2 million a year earlier, the lender said in its financial statement. Analysts polled by the Polish Press Agency had expected the result to be PLN 216....

Locked content Handlowy confirms H1 results

Bank Handlowy, the Polish unit of Citigroup, posted a PLN 266.2 million net profit in H1, confirmed the company statement. The report confirms all numbers provided by the bank in a preliminary release from August 1. In core earnings, the bank enjoyed a 3.1 percent quarter-on-quarter increase in net ...