KNF approves Getin Noble Bank merger with BPI Bank

The Polish Financial Supervision Authority (KNF) has authorized the merger of Getin Noble Bank and BPI Bank Polskie Inwestycje through the transfer of all assets of BPI Bank Polskie Inwestycje to Getin Noble Bank, the Commission said.

Locked content Hawe to be finally excluded from the WSE

After a number of temporary suspensions, the Warsaw Stock Exchange will exclude telecommunications infrastructure company Hawe shares from its indices on June 2. Back in March, the Financial Supervision Authority KNF unanimously such fine, and Hawe said that it won’t appeal the decision. The exclusi...

Locked content Brokerage firms’ profit doubles in Q1 2018 – KNF

Brokerage firms recorded net profit of PLN 102.16 million in Q1 2018, up from PLN 54.02 million in the first quarter of the previous year, the Financial Supervision Authority (KNF) stated. Operational profit stood at PLN 115.68, compared to PLN 75.1 million a year earlier. Revenue from brokerage dec...

Alior Bank appoints new president

The Polish Financial Supervision Authority has unanimously agreed to appoint Katarzyna Sułkowska to the position of President of Alior Bank, the Commission announced on Tuesday.

Locked content KNF suspends four WSE-listed companies

Financial Supervision Authority KNF asked Warsaw Stock Exchange to suspend trading of Graviton Capital, Indygotech Minerals, Lark.pl and Ursus from Friday. KNF states the companies failed to publicly disclose, within the time-limits laid down by law, annual reports for the financial year 2017 or pro...

Locked content KNF fines PZU for PLN 1.7 mln

Financial Supervision Authority KNF slapped WSE-listed insurer with a PLN 1.7 million fine for delays in granting and paying out claims or not reporting obligations. According to Polish insurance regulations, the company has to pay compensation within 30 days, counting from the day the injured party...

Locked content KNF suspends Hawe trading on WSE indefinitely

The Financial Supervision Authority KNF unanimously imposed PLN 700,000 fine on WSE-listed telecommunications infrastructure firm Hawe and suspended its trading on the Warsaw bourse indefinitely. The exclusion is a result of the repeated infringement by Hawe of the Public Offering Act, including thr...

Locked content KNF head: merging KNF with NBP in politicians hands

The draft law on the integration of the KNF with the NBP was prepared more than a year ago and is still waiting for a political decision said the president of the Financial Supervision Authority KNF Marek Chrzanowski. He added that integration would guarantee independence for supervisors, especially...

KNF: insurers with PLN 5.69 bln profit in 2017

Net profit of insurers operating on the Polish market increased to PLN 5.69 billion in 2017 compared to PLN 4.09 billion a year earlier. Gross written premiums amounted to PLN 62.35 billion compared to PLN 55.88 billion a year earlier, the Financial Supervision Authority (KNF) reported.