Locked content Open Finance plans to issue 6.5 mln shares

Open Finance plans to issue 6.5 million series G shares in private subscription, the company said in a statement. The issue price for one series G share will be PLN 0.69. According to the plan, current shareholders are excluded from this issue. The company will submit the offer to no more than 149 a...

Locked content Open Finance with PLN 18.17 mln 2017 loss

WSE-listed financial advisory firm Open Finance recorded a PLN 18.17 million net loss in 2017, compared to a PLN 19.18 million loss the year before. Operating loss amounted to PLN 28.33 million vs. PLN 153.06 million loss in 2016. Consolidated sales revenues amounted to PLN 351.66 million in 2017 co...

Locked content Idea Bank with PLN 130 mln profit in Q3

Idea Bank posted PLN 130.4 million in profit for Q3 2017, marking a 177 percent increase y/y, the lender informed. The Q3 profit includes the sale of 25 percent of shares of Idea Leasing for a total of PLN 109 million as well as the write-down of the drop in share prices of Open Finance…

Locked content Open Finance with PLN 9.38 mln Q2 loss

WSE-listed financial advisory firm Open Finance recorded a PLN 9.38 million net loss in Q2, compared to a PLN 23.64 million loss the year before. Operating loss amounted to PLN 0.19 million vs. PLN 31.54 million loss a year earlier. Consolidated sales revenues amounted to PLN 90.19 million in Q2 com...

Locked content Open Finance buys 2.78% stake in Noble Funds TFI for PLN 8.5 million

WSE-listed finance advisory firm Open Finance bought 5,170 registered D series shares of Noble Funds TFI, representing 2.78 percent of the company’s stake for PLN 8.5 million from LC Corp. The seller executed the Put option to offload its shares. Back in June, both companies decided to merge its inv...

Apartment prices continue to fall

January was the third straight month in which prices of residential real estate has dropped, Home Broker and Open Finance data said. The home price index, which tracks home sales transactions has dropped to 813.45 points which is the level last seen in the spring last year. “The January run for gran...

Locked content Open Finance sells 20 percent of its shares

Open Finance, one of the Poland’s most popular private brokerages, will sell almost 20 percent of its shares to two different investors, a Polish press report indicated on Friday. Both RB Investcom and multi-millionaire Leszek Czarnecki will now become important shareholders in the company, the repo...

Monthly apartment credit costs keep trending upwards

Analysts at Home Broker and Open Finance have indicated that real estate prices are continuing their upward climb. Five times in the last six months the average apartment prices have been higher than a month earlier. The index describing transaction prices in these two firms has risen to its highest...

Locked content Home prices grew 0.55% y/y

The home price index tracking home sales transactions grew 0.55 percent in September y/y and 0.02 percent on a monthly basis, according to a report by Home Broker and Open Finance. “Since June 2013, the index has remained at a level of 800-825 points,” a statement read. “In the las...

Locked content Home prices grew 0.7% y/y

The home price index tracking home sales transactions grew 0.7 percent in August y/y and 0.01 percent on a monthly basis, according to a report by Home Broker and Open Finance. “For the third consecutive month the index has changed only by a fraction and remains at a level of 820-825 points,&#...