Locked content KNF: loans up by 7.1%, deposits by 10.5% y/y

The Polish Financial Supervision Authority (KNF) published data regarding banks’ loans and deposits from January to February 2016 on a year-on-year basis. The total value of loans in the banking sector in Poland, along with foreign units, increased by 7.1 percent y/y reaching PLN 976.84 billio...

Locked content KNF approves Polish Stem Cell Bank prospectus

Poland’s financial watchdog (KNF) has approved the prospectus from the Polish Stem Cell Bank (Polski Bank Komórek Macierzystych) to issue A, B, C, D, E, F, G, H, I, J series shares. The investment companies are mBank Brokerage House and Haitong Bank. An offer is planned for the first half of 2...

Locked content KNF: Polish banks expect 9.6% drop in aggregate profit in 2016

Polish commercial banks expect net profit to fall by 9.6 percent in 2016, financial market watchdog KNF reported in its annual bank survey. Net interest income should grow by 8.1 percent, while net fee income will rise by 6.7 percent, banks predict. Operating costs are estimated to grow by 5.8 perce...

Locked content Gekoplast to move to WSE from NewConnect

The Polish Financial Supervision Authority (KNF) has approved a prospect by Gekoplast, which is set to move from the NewConnect market to the main WSE market in April, without the issue of new shares. “The WSE debut will not be accompanied by the issue of new shares, in line with the will of s...

Locked content Government asks KNF to provide a base for CHF conversion

“The government wants to adopt a law on loans in Swiss francs (CHF), but we still do not have all the information on the mortgage loans, and we hope that the Polish Financial Supervision Authority (KNF) will provide a base, which contains the costs of currency conversion,” said Henryk Ko...

Locked content Banking sector net profit plummets

Poland’s banking sector recorded an aggregated net profit of PLN 1.17 billion in January 2016, according to data from the Financial Supervision Authority (KNF). It fell by 11.6 percent year-on-year. Net income from banking activity stood at PLN 4.5 billion and fell by 9.1 percent y/y. Banks’ net int...

Locked content Polish banking sector stable – KNF

Head of financial watchdog KNF, Andrzej Jakubiak said that the Polish banking sector is stable and the money kept in Polish banks are safe. In March, the watchdog will present its estimates regarding the costs of the FX  loans conversion law proposed by the President. Jakubiak advised banks to refra...