Locked content KNF: Banking sector grows 11.7% at end-August

The banking sector recorded an aggregated net profit of PLN 10.43 billion at end-August, according to data from the Financial Supervision Authority (KNF), representing an 11.7 percent growth y/y. Banks’ net interest income grew by 8.6 percent y/y to PLN 30.33 billion. Net fees and commissions came i...

Locked content KNF approves Bytom and Vistula merger plan

The Financial Supervision Authority KNF approved the share issue tied to the merger of WSE-listed clothing retailers Vistula and Bytom. According to the merger plan, Vistula Group will receive a 100 percent stake in Bytom. Initially, the companies agreed that one share of Bytom will be exchanged for...

Locked content Banks paid PLN 1.86 bln in H1 – KNF

The value of the banking tax paid by lenders in H1 amounted to PLN 1.86 billion, the Financial Supervision Authority said. This is PLN 68.7 million more than last year. The banks assets at end-June amounted to PLN 861.9 billion while their profit stood at PLN 7.84 billion, up by 17 percent. In the f...

Locked content KNF imposes fines on Raiffeisen Bank Polska SA

Polish Financial Supervision Authority KNF imposed on  Raiffeisen Bank Polska SA fine of PLN 5 million due to violations of law regarding investment funds, KNF said on Friday. The fines were imposed because the bank did not perform its depositary functions for the funds currently in liquidationprope...

Locked content Eques Investment TFI put on the alert list by KNF

The Financial Supervision Authority has placed the asset manager Eques Investment TFI on an alert list. The move follows KNF’s notification to the regional prosecutor’s office in Warsaw about the alleged violation of the bill on public offer and terms of introducing financial instruments...

Locked content Poland to expand KNF authority

Poland’s government wants to expand competencies of the Financial Supervision Authority KNF by, among other things, expanding its board with representatives from PM and banking guarantee fund BFG. The draft bill will be discussed at the upcoming cabinet sitting scheduled for Tuesday. The board will ...

Locked content Two more people detained in GetBack case

Central Anti-Corruption Bureau (CBA) detained two more people in relation to the GetBack corruption case. GetBack bought shares of another listed company for over PLN 207 million, while their value was estimated at only PLN 28 million, CBA said. Officers also found out that the acquired company had ...

Locked content Banking sector H1 net profit up 17.1% y/y – KNF

The banking sector recorded an aggregated net profit of PLN 7.84 billion in H1, an increase of 17.1 percent versus a year ago, Financial Supervision Authority (KNF) reported. Net interest income in the same period grew by 8.8 percent y/y to PLN 22.44 billion, and net commission income fell by 2.9 pe...

Locked content Pilab to move to WSE main market

Listed on the small-cap, alternative NewConnect market, IT firm Pilab, filed a motion to the Financial Supervision Authority KNF to issue up to 1.35 million new shares, with the exclusion of pre-emptive rights and transfer of quotations to the regulated market of the WSE. On August 6, EGM of Pilab a...

Locked content KNF approves PCC Exol PLN 200 mln bond issue

The Financial Supervision Authority (KNF) approved the PCC Exol prospectus to issue PLN 200 million worth of bonds under the company’s third bond issue program. PCC Exol is the largest producer of surface active agents (surfactants) in Poland and the region of Central and Eastern Europe. It is the o...