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...

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&...