Locked content KNF gives Polish lenders deadline

Until March 11 Polish banks have time to make an approach to the KNF in order to present their proposals regarding Polish franc-borrowers and the plan introduced by the KNF’s head, Andrzej Jakubiak. According to Jakubiak, Polish banking is divided, some of the lenders would like to approve his...

KNF: Loans and deposits up in 2014

The aggregated value of loans granted by the Polish banking sector in 2014, including Polish branches of foreign lenders, grew by 6.9 percent year-on-year to PLN 895.16 billion, according to data from the Polish Financial Supervision Authority.

Locked content Polish lenders earned more in 2014

Polish banks’ net profits amounted to over PLN 16.2 billion in 2014 and increased 7 percent year-on-year, the Polish Financial Supervision Authority (KNF) reported. The operational costs fell by 1.3 percent y/y and stood at PLN 27.2 billion. As of the end of September, the capital adequacy ratio was...

KNF’s plan for franc borrowers

The Head of the Financial Supervision Authority (KNF), Andrzej Jakubiak presented a plan for franc-denominated mortgage loan conversion. It assumes that mortgage loans would be converted to two złoty-denominated debts. The first would be secured by the mortgaged property and would correspond to the ...

Locked content OTP withdraws bid for FM Bank

Hungarian lender OTP Bank has withdrawn its bid to buy FM Bank PBP, according to an anonymous source quoted by Reuters. OTP Bank was one of the candidates to buy FM Bank, among Polish banks, Alior Bank and BOS Bank, and a private equity firm, AnaCap Financial. The Polish Financial Supervision Author...

Locked content KNF imposed PLN 11.17 mln worth of fines last year

In 2014 Polish Financial Supervision Authority (KNF) imposed 59 financial penalties with a total value of PLN 11.17 million. It was the biggest number of fees since KNF was established and 13 more than a year ago. In 2014 KNF reported 65 warnings with majority of them regardingviolation of the law o...

Locked content SKOK Wołomin clients are receiving reimbursement of deposits

The clients of credit union SKOK Wołomin are receiving reimbursements from the Bank Guarantee Fund. The reimbursement of money is taking place in selected locations of PKO BP bank and will last until the 28th of February. Payouts of more than PLN 25,000 require a prior notification of the bank. Clie...

Locked content Abris to sue Poland for forced sale of bank

Abris Capital Partners are in the process of suing Poland for PLN 2 billion. The fund claims that it will incur losses after the Polish Financial Supervision Authority (KNF) forced it to sell lender FM Bank PBP. The regulator order the sale of the bank after deciding that Abris did not meet their ob...