Locked content Banks paid PLN 1.86 bln in H1 – KNF

The value of the banking tax paid by lenders in H1 amounted to PLN 1.86 billion, the Financial Supervision Authority said. This is PLN 68.7 million more than last year. The banks assets at end-June amounted to PLN 861.9 billion while their profit stood at PLN 7.84 billion, up by 17 percent. In the f...

Locked content Banking sector 7-month net profit at PLN 9.12 bln

In January-July the banking sector recorded net profit of PLN 9.12 billion, the National Bank of Poland (NBP) reported. Net interest income in the same period amounted to PLN 26.27 billion. In July net profit stood at PLN 1.29 billion, showing a decline of 7.5 percent compared to June. Net interest ...

Locked content Banking sector H1 net profit up 17.1% y/y – KNF

The banking sector recorded an aggregated net profit of PLN 7.84 billion in H1, an increase of 17.1 percent versus a year ago, Financial Supervision Authority (KNF) reported. Net interest income in the same period grew by 8.8 percent y/y to PLN 22.44 billion, and net commission income fell by 2.9 pe...

Locked content S&P: banking sector consolidation still possible

Polish banking sector might see further consolidation, according to S&P analyst Michał Selbka, but the potential merging of PKO BP and Pekao is unlikely and could hurt competition. “It is probable that a part of the banking sector in Poland will be further consolidated. I would not like to menti...

Locked content 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). “Poland’s financial system is functioning in a stable manner, supported by the domestic economic environment that exhibits no major imbalances. The level and g...

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...