Locked content Moody’s: BFG contribution may slash bank profits by 42%

Supplementary contributions to the Bank Guarantee Fund (BFG) of PLN 2 billion in total made by Polish banks in relation to the bankruptcy of SK Bank may wipe out 42% of Q4 sector gross profit, Moody’s rating agency said in a report. The full-year gross profit may decline by some 11 percent,  M...

Locked content Poland’s rating one of the most stable – Moody’s

Poland has one of the most stable ratings covered by Moody’s, Dietnar Hornung from the ratings agency’s sovereign rating department was quoted as saying by the Polish Press Agency. “Poland has a very stable rating and this is reflected in its outlook,” Hornung said. Moody’s has rated Poland at A2 si...