Locked content Alior profit up. No acquisitions planned

WSE-listed Alior Bank, owned by state-controlled insurer PZU, had PLN 618.28 million net profit in 2016 (PLN 369 million in Q4), up from PLN 309.65 million in 2015. According to the financial report, the results from 2016 and the year before are hard to compare due to a number of one-off factors, su...

Locked content BPH de-listing of shares approved by WSE

Shares of bank BPH will be de-listed on the main market of the Warsaw Stock Exchange beginning December 20, press reports stated on Wednesday. “The decision of the Financial Supervision Commission on the granting of Company Bank BPH permission to abolish the dematerialization of shares…[will be] exc...

Locked content Caixabank’s CEO denies interest in Poland’s BPH

Caixabank’s CEO said on Friday that the lender is not planning any acquisitions outside Spain, denying reports that it is interested in Poland’s BPH, Reuters reported. GE Capital has said it was considering selling its 87.3 percent stake in BPH. On Friday, Polish daily Puls Biznesu said ...

Locked content BPH not selling fund management firm

Bank BPH has withdrawn from selling its fund management unit, BPH TFI, the lender said in a statement on Wednesday. Neither of the offers presented by potential buyers has proved satisfactory from the point of view of BPH, the bank said. “In making the decision, macroeconomic and regulatory conditio...