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...

Locked content Moody’s: Polish banking sector has ‘strong fundamentals’

While Polish banks enjoy strong fundamentals, their profitability could come under increased pressure once the FX mortgage bill is approved, rating agency Moody’s said. “The quality of loans will improve slightly, the stronger capital situation supports the resumption of dividends by some bank...

Locked content Bank tax reached PLN 3.6 bln in 2017 – KNF

The value of the banking tax paid by lenders last year amounted to PLN 3.63 billion, the Financial Supervision Authority said. “Last year, banks made a profit of PLN 13.6 billion. This is 2.3 percent lower than the year before however, this difference is primarily due to a one-off sale of shares Vis...

Locked content Banks to pay over PLN 2.2 bln to guarantee funds

Polish banks will pay PLN 1.24 billion to the banks’ guarantee fund BFG and PLN 960 to the resolution fund this year, the Banking Guarantee Fund said. The amount is 5 percent higher than in 2017 when lender had to pay PLN 1.182 for the resolution fund and PLN 915 million to BFG. Banks can…

Locked content KNF: Banking sector profit drops 2.3% in 2017

The banking sector recorded an aggregated net profit of PLN 13.6billion last year, according to data from the Financial Supervision Authority (KNF), representing a 2.3 percent decline y/y. Net income from banking activity stood at PLN 61.76 billion and increased by 4.1 percent y/y. Banks’ net intere...