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...

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...