Locked content NBP: Bank profits down by 29.1% in January

The net profit of the Polish banking sector in January amounted to PLN 817 million, a 29.1 percent drop y/y, the data from the Poland’s Central Bank (NBP) showed. Profits from interest grew by 11.1 percent y/y to PLN 3.42 billion, fees and commissions grew by 9.2 percent to PLN 1.07 billion. P...

Locked content Polish banks with nearly PLN 14 bln profits last year – KNF

The Polish bank sector had PLN 13.91 billion in net profits last year, according to data released by the financial authority watchdog KNF, which is a 24.3 percent increase y/y. Such good result is mostly from the sales of Visa Europe to Visa Inc., which Polish banks got some PLN 2 billion from. Inco...

Locked content Banking environment in Poland steady in 2016 – KNF

The situation of Polish banks during Q1 – Q3 remained stable, and there has been a strengthening of the capital base of banks, the Polish Financial Supervision Authority (KNF) – Poland’s official financial regulator, which supervises banks, capital markets and insurance institutions – said in a Poli...

Locked content Banks’ expenses, profits both up – GUS

During the period Q1-Q3 operating expenses across Polish banks increased by an average of 13.8 percent, y/y, according to information from the Central Statistical Office released on Friday. The report stated that the cost of staffing, which was PLN 11.9 billion, accounted for 50 percent of banks’ ex...

Locked content Alior Bank to lay off employees in 2017

Alior Bank announced on Friday that it would lay off up to 2,600 of its employees as a part of its plan to reorganize, restructure and “maximize its potential,” following the bank’s merger with Bank BPH earlier this month, according to a press release. The company said that redundancies would includ...

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&...