Locked content BZ WBK close to buy Deutsche Bank Polska

WSE-listed lender BZ WBK has entered exclusive talks with Deutsche Bank Polska regarding the potential takeover Reuters said, citing two sources familiar with the matter. According to them both sides are negotiating the price and hopes to sign a deal before Christmas. Both banks declined to comment....

Locked content BZ WBK wants to grow organically, may consider acquisitions

Lender BZ WKB plans to grow organically, but is not excluding acquisitions, the bank’s CEO Michał Gajewski stated. “We are looking opportunistically at the market. If attractive opportunities arise, we will consider them,” he stated. After the first three quarters of the year, BZ WBK’s net profit st...

Locked content BZ WBK in the lead for Deutsche Bank Poland

BZ WBK is getting closer to buying Deutsche Bank’s Polish assets, according to Reuters. “Offers were submitted by BZ WBK and Millennium. But Millennium’s offer is too low. In these circumstances only BZ WBK’s offer is taken into consideration,” Reuters said, quoting a person familiar with the negoti...

Locked content mBank won’t be buying Polish Deutsche Bank assets – Reuters

WSE-listed lender mBank has reportedly withdrawn from running to buy Deutsche Bank’s Polish assets, Reuters reported citing sources close to the situation. BZ WBK and Millennium Bank remain at the negotiation table, with Millennium announcing back in July that it has entered the second phase o...

Locked content BZ WBK net profit at PLN 651 mln in Q2

WSE-listed lender BZ WBK reported an attributable net profit of PLN 651.1 million in Q2, compared with PLN 723.5 million in Q2 2016, the bank informed in a report. The bank’s assets stood at PLN 149.77 billion at the end of Q2 2017, versus PLN 150.14 billion at end-2016 The lender’s net ...

Locked content World Bank to buy €137 million worth of BZ WBK’s green bonds

IFC, a member of the World Bank Group, will invest €137 million in subordinated green bonds issued by Bank Zachodni WBK to help it to finance climate-related projects, IFC said in a statement. This is the first green bond issue by a Polish commercial bank. Poland’s government issued green bonds, as ...

Locked content BZ WBK profit down, but beats expectations

WSE-listed BZ WBK bank had a PLN 453 million Q1 net profit, down by 18.6 percent y/y, but above expectations which stood at PLN 445 million. Net interest income amounted to PLN 1.25 billion, down by 1.6 percent q/q, and 11.5 percent increase y/y, fee earnings stood at PLN 475.19 million, down from P...

Locked content KNF asks four banks to not pay out dividend for 2016

Poland’s financial market supervisor KNF asked BZ WBK, BGŻ BNP Paribas, ING Bank Śląski and PKO BP to refrain from paying out the dividend for 2016. BZ WBK had met the initial criteria allowing for a 50 percent payout ratio, but the KNF applied additional criteria to account for the lenderR...

Locked content BZ WBK looks to increase loans in 2017

Bank Zachodni WBK expects growth in demand for loans this year, CEO Michał Gajewski said on Wednesday. He was speaking at a press conference. “Indeed, we have a very clear surplus of deposits over loans. We will be watching the market, how much demand for loans will increase. The projections of our ...