Locked content KNF: Banking sector profit down in Q1

Poland’s banking sector recorded an aggregated net profit of PLN 2.84 billion in Q1, according to data from the Financial Supervision Authority (KNF), representing a 11.4 percent decline y/y. Net income from banking activity stood at PLN 14.74 billion and increased by 3.8 percent y/y. Banks’ net int...

Bank profits down in Q1

The net profit of the Polish banking sector in Q1 amounted to PLN 2.84 billion, a 11.1 percent decline y/y, the data from the Poland’s Central Bank (NBP) showed. In March alone, profits amounted to PLN 1.18 billion, which was a 2.8 percent y/y growth. Profits from interest grew by 10.2 percent...

Locked content PZU plans no new banking acquisitions

Poland’s largest insurer PZU is not planning any new acquisitions in the banking sector, however its banking units might be, company’s CEO Paweł Surówka said in an interview with the Polish Press Agency (PAP). “At this stage of our development, we have satisfied our appetite for acquisitions i...

Locked content NBP: banks expect flat demand for loans in Q2

According to a survey conducted by Poland’s Central Bank (NBP), the banks don’t expect a major shift in demand for loans in Q2, despite not planning any further changes to the lending criteria, which were tightened in Q1. The only segment where they expect an increase is for long-term co...

Locked content NBP: Bank profits inches up in February

The net profit of the Polish banking sector in February amounted to PLN 845 million, a 1.6 percent increase y/y, the data from the Poland’s Central Bank (NBP) showed. Profits from interest grew by 11.1 percent y/y to PLN 3.42 billion, fees and commissions grew by 9.2 percent to PLN 1.07 billio...

Locked content Polish banks face more consolidation in 2017 – KNF

Polish banking sector will likely continue the consolidation process in 2017. “The process of consolidation and takeovers in 2017 will probably advance and it will probably follow from conditions at their parent banks, albeit not so much tough financial conditions as changes in strategy,” the deputy...

Locked content Polish banking sector ‘exemplary’ – NBP head

Poland’s banking sector stability is exemplary, the situation of the sector is good and FX mortgages do not pose a risk for sector stability, Poland’s Central Bank (NBP) head Adam Glapiński said. “We have a very good banking system and a very high level of professionalism of bank managem...

Locked content Polish banking sector stable – KNF head

The Polish banking sector is stable and solvent, with major challenges ahead including the FX loan conversion bill, financial market watchdog KNF President Marek Chrzanowski said during a public finance committee sitting. “The banking sector is liquid, stable and solvent,” Chrzanowski said. “The div...

Locked content NBP: Bank profits down by 29.1% in January

The net profit of the Polish banking sector in January amounted to PLN 817 million, a 29.1 percent drop y/y, the data from the Poland’s Central Bank (NBP) showed. Profits from interest grew by 11.1 percent y/y to PLN 3.42 billion, fees and commissions grew by 9.2 percent to PLN 1.07 billion. P...