Locked content Lenders eager to finance real estate development – report

Polish lenders are willing to invest 70 percent of the equitable value of profitable real estate projects, according to a report complied by consulting company, KMPG. KMPG surveyed over 90 financial institutions in 21 countries. The report showed that overall there was huge progress in financing dev...

Locked content Banking sector net profit plummets

Poland’s banking sector recorded an aggregated net profit of PLN 11.42 billion in January-September 2015, according to data from the Financial Supervision Authority (KNF). It fell by 11.9 percent year-on-year. Net income from banking activity stood at PLN 41.56 billion and fell by 5.8 percent y/y. B...

Locked content PiS to introduce bank tax on assets

Poland’s Law and Justice (PiS) party, landslide winners of Sunday’s parliamentary election according to exit polls, wants to tax banks’ assets at 0.39 percent from 2016, said Zbigniew Kuzmiuk, the party’s economic expert. “One of the first economic decisions of the new ...

Locked content EC to launch probe against Poland

The European Commission will refer six EU member states to the Court of Justice of the EU for failing to transpose EU rules on Bank Recovery and Resolution. One of them is Poland, a press release read. The executive arm of the EU has decided to refer the Czech Republic, Luxembourg, the Netherlands, ...

Locked content Banking sector net profit fell 11.7% end-August

Poland’s banking sector recorded an aggregated net profit of PLN 10.33 billion in January-August 2015, according to data from the Financial Supervision Authority (KNF). It fell by 11.7 percent year-on-year. Net income from banking activity stood at PLN 36.99 billion and fell by 5.8 percent y/y. Bank...

Locked content Banking sector net profit at PLN 9.39 bln end-July

Poland’s banking sector recorded an aggregated net profit of PLN 9.39 billion in January-July 2015, according to data from the Financial Supervision Authority (KNF). It fell by 9.7 percent year-on-year. Net income from banking activity stood at PLN 32,48 billion and fell by 5.9 percent y/y. Banks...

Locked content Banking sector net profit at PLN 7.96 bln end-June

Poland’s banking sector recorded an aggregated net profit of PLN 7.96 billion in January-June 2015, according to data from the Financial Supervision Authority (KNF). It fell by 8.2 percent year-on-year. Net income from banking activity stood at PLN 27.92 billion and fell by 4.9 percent y/y. Banks...

Locked content PZU eyes BOŚ Bank – Bloomberg

Poland’s biggest insurer, PZU, is looking for an opportunity to acquire some stake at state-controlled BOŚ Bank, Bloomberg reported citing two sources. However, the talks have not been initiated yet. A 57 percent stake at the lender is owned by the National Fund for Environmental Protection an...