Locked content Deutsche Bank AG pulling out of Poland – banking industry sources

A report on Wednesday stated that it had strong evidence from industry sources indicating Deutsche Bank AG will close its unit in Poland within the next year, according to Reuters news. “The axe is coming for DB Securities this time,” one of the sources said. The report indicated that the possible c...

Locked content Top Polish banks see 33% quarterly drop in profits

Poland’s nine top WSE-listed banks are likely to post an over 30 percent decline in aggregate net profit in Q3, after Q2 earnings were padded by the sale of the Polish stake in Visa Europe. The total net profit of these banks is expected to reach PLN 2.49 billion, down 16 percent y/y and down&...

Law on spreads would cost banks PLN 9.3 bln – KNF

The Polish Financial Supervision Authority (KNF) estimates that the total costs for banks of implementing the presidential draft law on spreads would be PLN 9.3 billion, the KNF informed in an opinion submitted to the Sejm.

Locked content KNF to present its opinion on FX mortgage relief

The financial market regulator KNF announced it will publish an opinion on the presidential bill on FX mortgage spreads return at the beginning of October 2016 at the latest. The draft bill was submitted to the lower house in Polish parliament, the Sejm, in August. The offer applies to both FX-denom...

Locked content Bank Pocztowy appoints new CEO

State-owned Bank Pocztowy has appointed Sławomir Zawadzki as its new Chief Executive Officer (CEO), the lender announced in a market filing. Earlier, Sławomir Zawadzki has been employed as a Vice President at Bank Pocztowy and Bank Ochrony Środowiska (BOŚ). Bank Pocztowy was established in Bydgoszcz...

Locked content Alior Bank and PKO BP launch negotiations with Raiffeisen

State-run Polish lender PKO BP  and Alior Bank informed that they have started exclusive negotiations with Austria’s Raiffeisen over the purchase of its Polish unit. “The Bank has entered into negotiations with Raiffeisen Bank International relating to the acquisition by the Bank (direct...