Locked content PKO’s ZenCard eneters Finnish market with its fintech service

ZenCard, part of PKO BP, will launch its transactional marketing service on the Finnish market, in cooperation with Finland’s largest financial institution, OP Financial Group, an association of 180 banks, PKO stated. ZenCard emerged as one of four winners in the OP Smart Commerce competition organi...

Locked content PKO launches OneClick payment service for BLIK users

PKO BP has launched its new service, called OneClick to its clients using the BLIK payment system. The service allows them to make quick and secure transactions online, BLIK operator Polish Payment Standard (PSP) stated. During the first BLIK online payment in a store, OneClick will allow the client...

Locked content PKO introduces instant bank transfers

Poland’s biggest lender PKO BP has introduced instant bank transfers Express Elixir to its clients. “The service allows for instantaneous transfers between banks, which means that funds appear in the recipient’s account within seconds. Over nine million clients can make instant transfers online and ...

Locked content PKO places CHF 400 mln worth of bonds

PKO BP has placed its four-year eurobonds worth a total of CHF 400 million, with coupon rate of 0.300 percent (58 basis points above mid-SWAP). The bonds’ issue date is November 2. The bonds will mature in four years and interest wil be paid annually. The bank is applying for the bonds to be traded&...

Locked content Super-Pharm launches transcational marketing project with ZenCard

Drug store chain Super-Pharm has launched a new transactional marketing project in collaboration with ZenCard, a fintech subsidiary of PKO Bank Polski. The pilot program will allow Super-Pharm’s clients to become members of the drug store’s loyalty program Klub LifeStyle, while paying for their shop...

Locked content PKO acquires 450k shares in Bank Pocztowy

Poland’s largest lender PKO BP has signed an agreement to acquire 453,630 C-series shares of Bank Pocztowy in the latter’s private subscription shares issue. Poland’s national postal services provider will acquire 1,360,890 shares of the bank. The issue will raise Bank Pocztowy’s share capital by PL...

Locked content PKO BP bank to issue up to CHF 350 mln in eurobonds

WSE-listed bank PKO BP, will issue Eurobonds worth up to CHF 350 million, under its current €3 billion euro medium term note (EMTN) program. “The decision to go ahead with the Eurobond issue will depend on market conditions,” the company said in a market filing. The papers will mature in 3 to 4 year...

Locked content PKO BP to buy KBC TFI mutual fund

WSE-listed, state-owned lender PKO BP signed a deal to buy KBC FTI mutual fund from Belgium’s KBC Asset Management for an undisclosed sum, the company said in a market filing. The deal is expected to be finalized by end-Q1 2018, pending regulatory approval. PKO BP will merge KBC TFI with its own PKO...

Locked content PKO BP to prematurely buy back PLN 1.6 bln of subordinated bonds

Poland’s biggest bank, WSE-listed PKO BP will buy back subordinated bonds worth PLN 1.6 billion before their maturity. The lender will execute its call option, which allows it to buy the papers in 5 years-time since they’ve been issued. PKO BP received the proper approval from the Financial Market A...

Locked content PKO BP Q2 profit slightly down

WSE-listed lender PKO BP recorded a PLN 857 million consolidated net profit a 1.8 percent drop y/y. Net interest income amounted to PLN 2.11 billion vs. PLN 1.9 billion a year earlier. Net fee and commission income amounted to PLN 733 million compared to PLN 667 million last year. At end-Q2, bank as...