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...

Locked content PKO BP considering opening London branch

  PKO Polish Bank is considering opening a branch or representative office in London, CEO Zbigniew Jagiełło announced. The final decision is to be made within a few months. “Yes, we are considering opening a PKO BP facility in London. Will it be a branch or a representative office? That w...

Locked content PKO BP and PGNiG make deal on transaction banking 

PKO Polish Bank and the Polish Oil and Gas Company (PGNiG) have signed an agreement on strategic cooperation in the field of banking transactions, the companies announced today. In addition, as a result of winning the tender, PKO BP will handle complex accounts for PGNiG Trading Retail (PGNiG OD), a...

Locked content PKO BP has almost 2 million mobile banking users

The number of unique users who logged in at least once to their account at PKO from a mobile device in 2016 approached a record level of 2 million, the bank has announced. “PKO PO is consistently building its presence in digital channels and constantly invests in their development. In recent y...

Locked content PKO BP’s loan portfolio exceeds PLN 200 bln

Poland’s largest lender Grupa PKO BP had over 200 billion worth of loans at the end of November 2016, with the majority being mortgage loans, the bank stated. The lender plans to continue to grant new loans at a sustainable level through 2017. “It is PKO BP’s goal for this year to take advantage of&...

Locked content Participation in Alma restructuring possible: PKO BP

Large-cap bank PKO BP has not ruled out participation in the potential restructuring of defunct retailer Alma market, despite terminating its loan agreements with the troubled group, PKO BP spokesperson Łukasz Świerżewski told PAP. Alma shares nosedived on Wednesday after the company’s announc...

Locked content PKO BP corporate branch in Czechia to start operations in 2017

PKO BP plans to open its corporate branch in Czechia in the first half of 2017, but the exact date depends on obtaining all regulatory approvals, the bank stated. The activities of the Czech branch will focus on serving corporate customers. They will be similar to the activities of PKO BP’s co...

Locked content Bank Pocztowy appoints new CEO

State-owned Bank Pocztowy has appointed Sławomir Zawadzki as its new Chief Executive Officer (CEO), the lender announced in a market filing. Earlier, Sławomir Zawadzki has been employed as a Vice President at Bank Pocztowy and Bank Ochrony Środowiska (BOŚ). Bank Pocztowy was established in Bydgoszcz...