Locked content Getin to pay over PLN 130 mln into creditors support fund

Polish lender Getin Noble Bank, controlled by billionaire Leszek Czarnecki, reported that would have to contribute some PLN 134 million into a state fund for creditors. The payment is required to be made by February 18. Creditors Support Fund (Fundusz Wsparcia Kredytobiorców) will be launched by sta...

Locked content Banking sector record loss of PLN 578 mln in November

Poland’s banking sector recorded an aggregated net profit of PLN 10.82 billion in January-November 2015, according to data from the central bank NBP. It fell by 29.5 percent year-on-year. In November, the banking sector generated a net loss of PLN 578 million. In the October-November period, the los...

Banking sector net profit plummets again

Poland’s banking sector recorded an aggregated net profit of PLN 11.42 billion in January-October 2015, thus exactly the same as in January-September 2015, according to data from the Financial Supervision Authority (KNF). It fell by 20.6 percent on a yearly basis.

Locked content Moody’s: BFG contribution may slash bank profits by 42%

Supplementary contributions to the Bank Guarantee Fund (BFG) of PLN 2 billion in total made by Polish banks in relation to the bankruptcy of SK Bank may wipe out 42% of Q4 sector gross profit, Moody’s rating agency said in a report. The full-year gross profit may decline by some 11 percent,  M...

Locked content Banks to contribute PLN 2 bln to BFG

Following the bankruptcy of SK Bank Wołomin, Polish banks are obliged to make donations of PLN 2.04 billion in total to the Bank Guarantee Fund (BFG) before the end of November, the fund said. According to BGF’s estimates, PKO Bank Polski is required to make the biggest contribution of PLN 337...

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, ...