Locked content PKO BP with PLN 1.5 bln leasing deal with EIF

WSE-listed lender PKO BP signed a contract with the European Investment Fund (EIF) to provide leases and loans worth PLN 1.5 billion to 10k Polish SMEs with EI direct guarantees. The offer will be valid till October-2020 and the maximum amount of a loan or a lease is PLN 1.5 million. “Thanks to the ...

Locked content PKO holds over 100k accounts for foreign nationals

At the end of Q1 2018 Poland’s biggest lender PKO BP held 102,000 current accounts of foreign nationals living in Poland, 12,000 more than at the end of Q4 2017. The majority of the immigrants were from Ukraine, Moldova and Belarus, ISBnews reported citing the bank’s press office. PKO’s mobile app f...

Locked content PKO BP with net profit of PLN 757 mln in Q1 2018

PKO Bank Polski recorded a consolidated net profit of PLN 757 million in the first quarter of 2018, compared to PLN 525 million profit a year earlier, the bank reported. The total assets of the bank amounted to PLN 295.1 billion at the end of the first quarter of 2018, compared to PLN 296.91 billion...

Locked content BGK buys 14% stake in Marguerite I from PKO BP

BGK, the state development bank, bought a stake in the pan-European fund Marguerite I from PKO BP on Friday. The fund (2020 European Fund for Energy, Climate Change and Infrastructure) has been financing major infrastructure projects. It’s the first financing model in the EU history for projec...

Locked content PKO BP to open corporate branch in London

WSE-listed lender PKO BP will open its first corporate banking branch in London this year, the company’s CEO Zbigniew Jagiełło announced. The outlet will service Polish companies. “We are filling in the niche, the need for our clients.In Frankfurt, we opened a branch that serves Orlen Deutschland as...

Locked content PKO BP with PLN 820 mln Q4 net profit

WSE-listed, state-controlled lender PKO BP had a PLN 820 million net profit in Q4, a 38.3 percent y/y growth. Net interest income amounted to PLN 2.24 billion up by 11.3 percent y/y, while net fee and commission income increased by 7.8 percent y/y to PLN 760 million. At end-2017, bank assets amounte...

Locked content ERBD buys PLN 133 mln worth of PKO BP subordinated bonds

The European Bank for Reconstruction and Development purchased PLN 133 million worth of PKO BP subordinated bonds, from the recent PLN 1 billion issue. “We welcome the successful placement of the PKO BP bond and we are pleased to take part in this transaction. It will help PKO BP to obtain long-term...

Locked content PKO BP sells PLN 1 bln subordinated bonds

WSE-listed lender PKO BP sold 1 billion subordinated bonds. The 10-year papers were priced 150 bps above WIBOR 6M. The bank has reserved a call option for early redemption after 5 years and hopes to allocate the funds from the issue in its Tier 2 capital, pending Financial Supervision Authority appr...