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...

Locked content Banking sector profit grows by 15.6% in November – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.09 billion in  November, according to data from Poland’s Central Bank (NBP), representing a 15.6 percent growth y/y. At end-November, the sector had PLN 12.79 billion net profit, down by 2.1 percent y/y. Operational costs stood at PL...

Locked content KSF leaves anti-cyclical buffer at 0%

Macroprudential body KSF recommended maintaining the anti-cyclical buffer for banks at 0 percent, which was approved by the Polish government, Central Bank NBP reported. “The risk structure and hierarchy in the banking sector have not changed significantly compared to the previous period. In the com...

Locked content Fitch: CEE banks to see marginal improvement

According to rating agency Fitch, the banking sector in the CEE region, particularly in Poland, Romania, and Czechia should see a marginal improvement in overall profitability, as funding, assets quality, and capitalization metrics should remain healthy. “We expect faster credit expansion in 2018 on...