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...

Locked content KNF: number of branches, employees in the banking sector drops

The number of branches of the nationwide banking branches decreased at the end of November by 400 branches to 6,699, Financial Supervision Authority KNF said. At the same time, the number of affiliates and other customer service centers has decreased to 3,947 from 4,394 a year before. Furthermore, a...

Locked content Banks profit could exceed forecasts – KNF

The banking’s sector profit could exceed previous estimations, according to the Financial Supervision Authority (KNF). “As banks adapt well to new conditions by reducing interest on select deposits, increasing margins of select credits, increasing F&C on select services or reducing operating cos...