Locked content BZ WBK net profit at PLN 556 mln in Q1

Commercial lender BZ WBK reported a consolidated net profit of PLN 556 million in Q1, compared with PLN 1 billion in Q1 2015, the bank informed in a report. The bank’s assets stood at PLN 137.79 billion at the end of Q1 2016, versus PLN 131.4 billion in the previous year. The lender’s ne...

Locked content Bank Zachodni WBK wants to reach 20% share in SME market

Bank Zachodni WBK, a unit of Spanish Santander, expects to increase its share in the market of services for small and medium firms (SME) to 20 percent by 2018, the bank informed. Currently, WBK holds a 15 percent share in the SME market, managing 250,000 clients in this sector. Officials also intend...

Locked content EBRD provides €75 million loan to Bank Zachodni WBK

The European Bank for Reconstruction and Development (EBRD) is going to provide a loan of up to €75 million to Bank Zachodni WBK to finance investments that will improve the energy and resource efficiency of residential buildings in Poland. The funds will be used for sub-loans in the local currency ...

Locked content BZ WBK redeems bank securities worth PLN 230 mln

Commercial lender Bank Zachodni WBK has redeemed 230,000 bank securities with a nominal value of PLN 1,000 each, the bank informed. “The bank securities had a floating interest rate that determined based on the WIBOR 6M interest rate plus an interest rate of 0.25 percent annually. They were is...

Locked content BZ WBK net profit at PLN 2.32 bln

Commercial lender Bank Zachodni WBK recorded a profit of PLN 2.32 billion in 2015, compared with PLN 1.91 billion in 2014, the bank informed. The bank’s assets stood at PLN 139.71 billion at the end of 2015, versus PLN 134.5 billion in the previous year. The lender’s net interest income ...

Locked content BZ WBK net profit falls to PLN 277.1 mln in Q4

Commercial lender BZ WBK reported a consolidated net profit of PLN 277.1 million in Q4, compared with PLN 444.2 million in Q4, the bank informed in a report. The bank’s assets stood at PLN 139.71 billion at the end of Q4 2015, versus PLN 134.5 billion in the previous year. The lender’s n...

Locked content Banking tax will hit BZ WBK’s profits by PLN 405 million

Listed lender BZ WBK said on Monday that its net profit will shrink by PLN 405 million in 2016 as a consequence of a new levy imposed on banks. “[…] according to preliminary estimations the tax will result in the Bank’s profit-after-tax for 2016 being decreased by approx. PLN 405 m...

Locked content mBank and BZ WBK lenders reveal Q3 profits

Commercial lender mBank recorded a consolidated net profit of PLN 319.5 million in Q3 2015, compared with PLN 315.5 million in Q3 2014. The bank’s net interest income totaled PLN 641.8 million in Q3 2015, versus PLN 649.9 million in Q3 2014. Net fees and commissions came in at PLN 235.6 millio...

Locked content BZWBK leases 11,500 sqm in Business Garden Poznań

Vastint Poland has signed a lease agreement with BZ WBK lender for 11,500 sqm at Business Garden Poznań, propertynews.pl reported. The new tenant will locate its offices in two out of the four buildings of the first stage of the complex. Consequently, the scheme is 40 percent leased. The entire proj...

Locked content EBRD to lend BZ WBK Lease €50mln

The European Bank for Reconstruction and Development (EBRD) informed that it is “providing a loan of up to €50 million to one of Poland’s fastest growing leasing companies, BZ WBK Lease, to support investments in sustainable energy projects of local small and medium-sized enterprises.” T...