Locked content BZ WBK confirms 2017 profit at PLN 2.21 bln

WSE-listed lender BZ WBK had a PLN 2.21 billion net profit last year, confirming its previous estimates. The result was 2.1 percent higher y/y. Net interest income amounted to PLN 5.27 billion up by 10.6 percent y/y while net fees and commissions income reached PLN 2.01 billion, up by 5.1 percent y/...

Locked content BZ WBK with PLN 1 bln subordinated bonds issue

WSE-listed lender BZ WBK plans to issue up to PLN 1 billion in subordinated bonds by June 30, 2018, the bank said in a market filing. The bank will seek Financial Supervision Authority’s (KNF) approval to qualify the bonds as Tier II instruments and will be issued all at once or in several tra...

Locked content BZ WBK files DB Securities takeover motion to UOKiK

WSE-listed lender BZ WBK filed an application to takeover DB Securities to the antitrust watchdog UOKiK. “Bank Zachodni WBK SA based in Wrocław intends to purchase a separate part of Deutsche Bank Polska SA based in Warsaw and take sole and direct control over DB Securities SA based in Warsaw (DB Se...

Locked content BZ WBK plans to set up mortgage bank

WSE-listed lender BZ WBK will soon file an application to the Financial Supervision Authority KNF to set up a mortgage bank within its group, the bank’s CEO Michał Gajewski informed. “We are very close to submitting an application to KNF, we’re consulting it and are in constant dialogue with the reg...

Locked content BZ WBK Q4 profit grows

WSE-listed lender BZ WBK recorded PLN 548.99 million consolidated net profit in Q4, up by 19.1 percent y/y, according to the company’s preliminary financial results. Net interest income amounted to PLN 1.37 billion up by 8.2 percent y/y while net fees and commissions income reached PLN 515.39 millio...

Locked content EBRD sets up €350 mln program for Polish green projects

The European Bank for Reconstruction and Development has set up new €350 million framework to finance investments in energy and resource efficiency, renewable energy, water and waste management for local private businesses, the bank announced. The first loan under the scheme, new Polish Green Econom...

Locked content Apple Pay to be launched in Poland next year?

According to Cashless website, five Polish banks are negotiating with Apple regarding launching Apple Pay service in Poland. Apple was the side initiating the talks sending out feelers to Polish banks this month. Some of the lenders declined to enter negotiations, however, five has started talks. Th...

Locked content BZ WBK takeover of Deutsche Bank Polska rating neutral – Fitch

Fitch rating agency analysts assume that the acquisition of a part of Deutsche Bank Polska will not affect the credit rating of BZ WBK, due to the small scale of transactions and the planned increase in BZ WBK’s capital in connection with the acquisition. “The transaction will increase BZ WBK&...

Locked content BZ WBK to buy Deutsche Bank’s Polish assets for PLN 1.3 bln

WSE-listed lender BZ WBK has signed a deal to buy Deutsche Bank’s Polish assets for PLN 1.29 billion. The deal will not cover DB’s FX mortgage portfolio as well as corporate and investment banking operations and its retained cost base. BZ WBK will pay 20 percent in cash and 80 percent in new shares....

GTC gets refinancing for Kraków office complex

Warsaw Stock Exchange-listed developer and investor GTC has secured €46.5 million in bank financing from BZ WBK, which it will use to refinance its Korona Office Complex in downtown Kraków. The complex, which was built in 2003-2014 and refurbished earlier this year, comprises a total of approximatel...