Locked content KNF: Banking sector grows 11.7% at end-August

The banking sector recorded an aggregated net profit of PLN 10.43 billion at end-August, according to data from the Financial Supervision Authority (KNF), representing an 11.7 percent growth y/y. Banks’ net interest income grew by 8.6 percent y/y to PLN 30.33 billion. Net fees and commissions came i...

Locked content Banking sector profit inches up in August – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.31 billion in  August, according to data from Poland’s Central Bank (NBP), representing a 1.9 percent growth m/m. At end-August, the sector had PLN 10.43 billion net profit, the y/y change is not available due to a change in methodol...

Locked content Banks paid PLN 1.86 bln in H1 – KNF

The value of the banking tax paid by lenders in H1 amounted to PLN 1.86 billion, the Financial Supervision Authority said. This is PLN 68.7 million more than last year. The banks assets at end-June amounted to PLN 861.9 billion while their profit stood at PLN 7.84 billion, up by 17 percent. In the f...

Locked content Banking sector 7-month net profit at PLN 9.12 bln

In January-July the banking sector recorded net profit of PLN 9.12 billion, the National Bank of Poland (NBP) reported. Net interest income in the same period amounted to PLN 26.27 billion. In July net profit stood at PLN 1.29 billion, showing a decline of 7.5 percent compared to June. Net interest ...

Locked content Banking sector H1 net profit up 17.1% y/y – KNF

The banking sector recorded an aggregated net profit of PLN 7.84 billion in H1, an increase of 17.1 percent versus a year ago, Financial Supervision Authority (KNF) reported. Net interest income in the same period grew by 8.8 percent y/y to PLN 22.44 billion, and net commission income fell by 2.9 pe...

Locked content S&P: banking sector consolidation still possible

Polish banking sector might see further consolidation, according to S&P analyst Michał Selbka, but the potential merging of PKO BP and Pekao is unlikely and could hurt competition. “It is probable that a part of the banking sector in Poland will be further consolidated. I would not like to menti...

Locked content NBP: Banking sector stable

Poland’s banking sector is stable and resilient, according to the latest financial stability report compiled by Poland’s central bank (NBP). “Poland’s financial system is functioning in a stable manner, supported by the domestic economic environment that exhibits no major imbalances. The level and g...

Locked content KNF recommends banks pay 75-100% of profits in dividend payouts

Financial Supervision Authority KNF said that it recommends banks to pay out 75-100 percent of its profits in dividends in the medium term. Full dividend payout ratios will be allowed for banks that would fulfill the same criteria even in a stress test scenario, the KNF said in a confirmation of cur...