Locked content KNF: loans up by 5.6%, deposits by 11% y/y I-VI

The Polish Financial Supervision Authority (KNF) published data regarding banks’ loans and deposits from January to June 2016 on a year-on-year basis. The total value of loans in the banking sector in Poland, including foreign units, increased by 5.6 percent y/y reaching PLN 994.89 billion. Th...

Locked content KNF: Poland’s financial system seen among most stable in Europe

Poland’s financial system, with the banking sector as its main pillar, has remained one of the most stable in Europe, the Polish Press Agency (PAP) quoted financial market regulator KNF in a comment to the release of the European banking stress tests results late on Friday by the EBA. The KNF ...

Locked content KNF asks BOŚ Bank to revise its repair program

The financial market regulator KNF has asked a state-controlled Bank Ochrony Środowiska (BOŚ Bank) to revise its repair program taking into account the regulator’s recommendations, the bank informed in a market filing. According to it, BOŚ Bank must submit the new version within 30 days at the...

Locked content KNF suspends SKOK Skarbiec and files for bankruptcy

Poland decided to suspend operations of a troubled savings & loan institution SKOK Skarbiec with ca. PLN 97 mln in client deposits, which opens the door to a bankruptcy procedure and payments from the banking guarantee fund BFG, financial market regulator KNF said in a statement. A bankruptcy mo...

Locked content KNF approves takeover of Bank BPH by Alior

Commercial lender Alior Bank was granted with approval from financial regulator KNF for the takeover of Bank BPH, the watchdog informed in a statement. BPH assets, save for the mortgage portfolio and fund manager BPH TFI, will be transferred to Alior. The remaining parts of the bank will be kept by ...

Locked content KNF: Court approves SKOK Arka’s bankruptcy

The Regional Court in Katowice has issued a decision declaring the bankruptcy of savings & loan institution SKOK Arka, the Financial Supervision Authority (KNF) announced on Wednesday. In May, the KNF suspended the activity of SKOK Arka and filed a motion for the firm’s bankruptcy, with ne...

Locked content KNF: loans up by 6.1%, deposits by 11.6% y/y I-V

The Polish Financial Supervision Authority (KNF) published data regarding banks’ loans and deposits from January to May 2016 on a year-on-year basis. The total value of loans in the banking sector in Poland, along with foreign units, increased by 6.1 percent y/y reaching PLN 988.43 billion. Th...

Locked content KNF predicts Polish bank losses due to FX mortgage bill

“In the coming periods, the law on the tax from select financial institutions may exert a lot of pressure on bank results (some banks may start generating losses or find themselves barely profitable). But the main regulatory risk is the potential implementation of extreme options for resolving...