Locked content KNF: Banking sector down 2.15% at end-May

Poland’s banking sector recorded an aggregated net profit of PLN 5.17 billion at end-May, according to data from the Financial Supervision Authority (KNF), representing a 2.15 percent decline y/y. Net income from banking activity stood at PLN 24.89 billion and increased by 4.8 percent y/y. Banks’ ne...

Locked content Banking sector profit soars in May

Poland’s banking sector recorded an aggregated net profit of PLN 1.33 billion in May, according to data from the Poland’s Central Bank (NBP), representing a 35.4 percent growth y/y. At end-May, the sector had PLN 5.29 billion net profit, down by 2 percent y/y. Operational costs stood at PLN 2.69 bil...

Locked content S&P: Polish banking sector with negative industry risk outlook

Poland’s banking sector is facing negative industry risk outlook, due to increasing state ownership in the sector, rating agency S&P said. According to S&P such situation can affect competitiveness. “Although we believe that the probability of a radical conversion of Swiss franc loans ...

Locked content Banking sector net down by 10.5% at end-April

Poland’s banking sector recorded an aggregated net profit of PLN 3.85 billion at end-April, according to data from the Poland’s Central Bank (NBP), representing a 10.5 percent decline y/y. In April alone, the profit stood at PLN 1.01 billion, an 8.6 percent y/y drop. Operational costs stood at PLN 1...

Locked content Guarantee fund contributions won’t be increased – BFG head

The Polish banks will not have to pay higher contributions to the Banking Guarantee Fund (BFG) as the sector is currently stable and the funds already gathered are on adequate levels, BFG head Zdzislaw Sokal said. “BFG funds are at a sufficient level, they are even higher than the average in Europe....

Locked content Banks to have 3% risk buffer – FinMin

According to the draft legislation prepared by the finance and development ministry, Polish banks will have to have a 3 percent systemic risk buffer as of next year. “This is an additional sum of Tier 1 capital, in the amount of 3 percent of the total risk exposure,” the draft document said. “The in...

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). However some actions should be undertaken to protect the sector from external factors such as Polish economy.

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...