Locked content Presidential FX bill will generate significant costs: KNF

The presidential bill on FX spread returns aimed at helping CHF mortgage borrowers would “solve nothing,” but generate a “significant” cost to the banking system, stated Andrzej Jakubiak, the outgoing head of the Polish financial regulator KNF. “For several banks it could result in a loss,” Jakubiak...

Locked content Experts in Sejm examine problem of toxic loans in Poland

How to solve the problem of toxic loans in Poland and how to protect consumers in the financial market? This topic was discussed by experts on Friday during an international conference in the Sejm co-organized by the Stop Lawless Banking Association. Opening the conference on “Consumer Problems in t...

Locked content KNF approves Best prospectus on PLN 200 mln bond issue

The Polish Financial Supervision Authority (KNF) has approved Best’s basic prospectus on a bond issue worth PLN 200 million as part of a public bond issue program, the company stated. The group plans to make use of funds from the issue as a source of financing for further growth. “The approval...

Locked content KNF to present its opinion on FX mortgage relief

The financial market regulator KNF announced it will publish an opinion on the presidential bill on FX mortgage spreads return at the beginning of October 2016 at the latest. The draft bill was submitted to the lower house in Polish parliament, the Sejm, in August. The offer applies to both FX-denom...

Locked content Banking sector net profit down 1.1% in I-VII

Poland’s banking sector recorded an aggregated net profit of PLN 9.3 billion in January-July 2016, according to data from the Financial Supervision Authority (KNF). It fell by 1.1 percent year-on-year. Net income from banking activity stood at PLN 35.9 billion and increased by 10.3 percent y/y. Bank...

Locked content KNF: loans up by 5.9%, deposits by 10.8% y/y I-VII

The Polish Financial Supervision Authority (KNF) published data regarding banks’ loans and deposits from January to July 2016 on a year-on-year basis. The total value of loans in the banking sector in Poland, including foreign units, increased by 5.9 percent y/y reaching PLN 997 billion. The v...

Locked content KNF approves mBank’s bond issue program worth PLN 15 bln

The financial market regulator KNF has approved mBank’s bond issue program worth PLN 15 billion, the watchdog informed. “The KNF approved an issue prospectus prepared by Warsaw-based mBank Hipoteczny in connection with the intention to apply for permission to trade covered bonds under a ...

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 to view ING Bank Śląski as systemically important

The Financial Stability Committee issued a positive opinion on the request of financial market watchdog (KNF) to identify ING Bank Śląski as systemic and impose an additional capital buffer, the bank informed. As a systemic institution, Bank Handlowy  would have an additional buffer of 0.50 percent ...