Locked content PKO BP bank gets approval to take over Kopernik

Poland’s largest lender PKO BP got the “go ahead” from the anti-monopoly and consumer rights watchdog UOKiK fot the takeover of the Kopernik savings & loan (SKOK). Kopernik held PLN 353.9 million in assets at end-June 2014, down from PLN 364 million at end-2013. It generated PLN 42.2 milli...

Locked content Nordea Bank Polska brand will cease to exist in November

The legal merger of PKO BP with Nordea Bank Polska will be concluded on October 31 and the Nordea brand won’t be used within two weeks from that date, PKO BP’s integration project leader Jarosław Orlikowski told the Polish Press Agency. The operational merger is planned for March 2015. T...

Locked content PKO BP seeks approval to take over savings & loan

The Kopernik Savings and Loan (SKOK) is on the PKO BP bank’s radar. Poland’s regulatory watchdog UOKiK will give their decision on the issue after a motion has been filed by the listed bank. Polish savings and loans have come under banking regulator KNF as of recently and some of the wea...

Locked content PKO BP hopes to find insurance partner in 2015

Poland’s largest bank PKP BP is in the process of seeking a strategic partner for its insurance arm and hopes to conclude it in 2015, the lender’s deputy CEO Bartosz Drabikowski told the Polish Press Agency. “We would like to have a strong insurance partner and at the same time to retain control ove...

Locked content PKO BP gets approval for Nordea takeover

Poland’s biggest lender, PKO BP received the Financial Supervision Authority (KNF) approval to takeover Nordea Bank Polska. PKO said it expected the merger to be finalized at the beginning of October 2014 and full integration to be completed in H1 2015. The transaction is said to be worth PLN 2.83 b...

Locked content PKO BP profit up in Q2

Poland’s largest lender PKO BP recorded a consolidated net profit of PLN 855.6 million in the second quarter of 2014 compared to PLN 752.8 million a year earlier. Analysts polled by the Polish Press Agency had expected the profit to be PLN 846.3 million. The bank’s net interest income amounted to PL...

Locked content PKO BP to open non-life insurance company

Poland’s biggest lender, PKO BP has filed motion to Financial Supervision Authority to set up non-life insurance subsidiary. The bank hopes that its new company will be operational in Q2 2015 and will choose its strategic insurance partner no sooner than in 2015. PKO plans to focus on individual cus...