Locked content BZ WBK and mBank y/y profits fall in Q3

Bank Zachodni WBK recorded a PLN 425.93 million consolidated net profit attributable to shareholders of the parent company in Q3 of 2016, a y/y drop from PLN 472.72 million, the bank reported. The bank’s net interest income stood at PLN 1.218 billion, up from PLN 1.09 billion a year earlier. N...

Locked content Unibep granted PLN 94 mln loan by BZ WBK

Unibep SPV company (under the name of Szczęśliwicka) has obtained a non-renewable construction loan of PLN 89 million from commercial lender Bank Zachodni WBK (BZ WBK), the developer informed in a statement. The financing also involves a revolving VAT loan of up to PLN 5 million. The funds are to be...

Locked content KNF to view Bank Zachodni WBK as systemically important

The Financial Stability Committee issued a positive opinion on the request of financial market watchdog (KNF) to identify the lender Bank Zachodni WBK as “other systemically important institution” and impose an additional capital buffer, the bank informed. As a systemic institution, Bank...

Locked content KNF asks to view BZ WBK as “systemically important”

The Committee of Financial Supervision  (KNF) decided to submit a motion to the Financial Stability Committee for expressing an opinion in the matter of recognizing the lender Bank Zachodni WBK as an systemically important institution, the bank reported. As a systemic institution, BZ WBK would have ...

Locked content KNF clears the nomination of BZ WBK’s new CEO

Financial watchdog KNF has approved the appointment of Michał Gajewski as a new CEO of Polish lender Bank Zachodni WBK, a unit of Spain’s Banco Santander, after Mateusz Morawiecki, the former head of the bank quit to become deputy prime minister, KNF said in a statement. Gajewski graduated fro...

Locked content BZ WBK with higher profits in Q2

Commercial lender Bank Zachodni WBK reported a consolidated net profit of PLN 723.5 million in Q2, compared with PLN 541.64 million in Q2 2015, the bank informed in a report. The bank’s assets stood at PLN 142.25 billion at the end of Q2 2016, versus PLN 133.05 billion in the previous year. Th...

Locked content Bank Zachodni WBK gets €63 mln from Visa deal

Bank Zachodni WBK, a unit of Spanish Santander, will receive €46.7 million (PLN 205.6 million) in cash and €16 million (PLN 70.4 million) in Visa Inc. shares in exchange for its stake in Visa Europe, the bank informed in a market filing. The provisions of the transaction are expected to be completed...

Locked content BZ WBK appoints new CEO

Polish lender Bank Zachodni WBK, a unit of Spain’s Banco Santander, has appointed Michal Gajewski as its new CEO after Mateusz Morawiecki, the former head of the bank quit to become deputy prime minister, the bank said late on Monday. Gajewski graduated from the University of Poznań, Chicago&#...

Locked content Newag to get PLN 170 mln credit line from BZ WBK

Rolling stock producer Newag has made a deal with Polish commercial lender Bank Zachodni WBK in terms of receiving a credit line of up to PLN 170 million. According to the agreement, Bank WBK will provide Newag with an overdraft facility and term loan  for up to PLN 170 million in total. “The ...