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...

Locked content KNF issues new dividend regulations for banks

The Financial Supervision Authority KNF, released new dividend payout criteria for banks for 2018. To be allowed to pay them out, lenders cannot be undergoing restructuring, have to have a leverage ratio above 5 percent and must have Tier 1 and total capital ratio no lower than the required minimum ...

Locked content Banking sector Q1-Q3 profit drops

Poland’s banking sector recorded an aggregated net profit of PLN 10.55 billion at end-Q3, according to data from the Poland’s Central Bank (NBP), representing a 7.1 percent drop y/y. In Q3 alone the profit amounted to PLN 3.84 billion. Operational costs stood at PLN 24.56 billion at end-Q3 and incre...

Locked content Banking sector profit grows by 19.1% in August – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.27 billion in August, according to data from the Poland’s Central Bank (NBP), representing a 19.1 percent growth y/y. At end-August, the sector had PLN 9.37 billion net profit, down by 9.2 percent y/y. Operational costs stood at PLN ...

Locked content Moody’s: FX mortgage relief to trim banks profit by 16-38 percen...

Ratings agency Moody’s estimates that four banks, most affected by the planned FX mortgage relief law will see their pre-tax profits down between 16-38 percent. The lenders include Millennium, BGZ BNP Paribas, mBank, and PKO BP. Moody’s estimated the cost on the annualized H1 results. “The pro...

Locked content Moody’s: Polish banking system with ‘stable’ outlook

The rating’s agency Moody’s kept the outlook of the Polish banking system as “stable.” According to the agency, strong economic growth will boost corporate and household spending. “Accelerating economic growth will create opportunities for banks, offsetting weak profitability and unpredictable gover...