Locked content PKO BP sells PLN 1.7 bln subordinated bonds

WSE-listed lender PKO BP sold PLN 1.7 billion in subordinated 10-year bonds, with the paper priced at 155 bps above WIBOR 6M, the bank said in a market filing. PKO BP reserved a 5-year call option for the bonds. The bank will seek to float the bonds on the Catalyst market. Funds from the issue…...

Locked content PKO BP issues €750 mln bonds

WSE-listed lender PKO BP issued 4-year eurobonds worth €750 million as part of its €3 billion medium term note program. The bonds have a 0.75 bp coupon, (65 bps above Mid Swap) and were priced at 99.792 percent of the face value. PKO BP wants to dual-list the bonds in Warsaw and Luxembourg. Within i...

Locked content PKO BP plans €750 mln bond listing

WSE-listed bank PKO BP, plans to issue bonds worth €750 million, the bank said. Bonds will mature in 3-4 years, and the proceeds will be spent on the lender’s ongoing activity. The issue details depend on market conditions. PKO BP plans dual listing in Warsaw and Luxembourg….

Locked content PKO BP to pay dividend payment from 2017 profit – CEO

WSE-listed, state-owned bank PKO BP, plans to recommend a dividend from this year’s profit, CEO Zbigniew Jagiełło said. “We have a very good economic situation, we have good relations with clients and we expect a good bank’s profit for 2017, so we would like to return to the normal mode of sha...

Locked content PKO BP bank reappoints Jagiełło as CEO

Poland’s largest lender, state-owned PKO BP reappointed CEO Zbigniew Jagiełło for another term. Jagiełło has been the bank’s CEO since 2009, and is the only CEO in a big state-run company who kept his job after the Law and Justice came into power in 2016. The company also appointed Rafał...

Locked content PKO BP to launch €3 bln bond issue

WSE-listed bank PKO BP has opened a €3 billion euro medium term note (EMTN) bond program, the banks said in a market filing. The senior and subordinated bonds may be denominated in EUR, USD, CHF and PLN. The minimum value will be set at €100,000. The notes will be listed in Luxembourg….

Locked content PKO BP Q1 profit down

WSE-listed PKO BP posted a PLN 525 million attributable net profit in Q1, down by 17.8 percent y/y PKO’s total assets increased by 1 percent q/q to PLN 288.5 billion, loans remained flat at PLN 200.6 billion. Deposits were up by 1 percent to PLN 207.1 billion. Net interest income increased to PLN 2....

Locked content PKO BP to issue PLN 1.7 bln bonds. Plans to buyback PLN 1.6 bln debt

Poland’s largest lender, WSE-listed PKO BP decided to buy back PLN 1.6 billion in bonds issued in 2012, to be refinanced with up to PLN 1.7 billion subordinated bonds with ten year maturity and a call option after 5 years, the bank said in a market filing. “The Bank has the right to redeem pre...

Locked content PKO BP opens second foreign corporate branch

WSE-listed lender PKO BP opened a corporate banking branch Prague, making it its second such branch after Frankfurt. The Czech division will service both Polish and Czech clients. “We want to be their first choice partner on the foreign markets, as we are in Poland. The most important keys of succes...

Locked content KNF asks four banks to not pay out dividend for 2016

Poland’s financial market supervisor KNF asked BZ WBK, BGŻ BNP Paribas, ING Bank Śląski and PKO BP to refrain from paying out the dividend for 2016. BZ WBK had met the initial criteria allowing for a 50 percent payout ratio, but the KNF applied additional criteria to account for the lenderR...