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 ...

Locked content Energia dla Firm files prospectus with KNF

Energy company Energia dla Firm has filed a prospectus with the Polish Financial Supervision Authority (KNF) with regard to its IPO and a debut on the main market of the Warsaw Stock Exchange (WSE), the company said. The money raised will be earmarked to spend on further development in the segments ...

Locked content KNF to view Pekao SA as systemically important

The Committee of Financial Supervision  (KNF) decided to submit a motion to the Financial Stability Committee to express an opinion in the matter of recognizing the lender Pekao SA  as an systemically important institution, the bank reported. As a systemic institution, Pekao would have a buffer impo...

Locked content KNF to view Bank Handlowy 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 Handlowy as an systemically important institution, the bank reported. As a systemic institution, Bank Handlowy  would h...