Locked content PKO BP and Alior bid to buy Raiffeisen’s local unit – Reut...

State-run Polish lender PKO BP  and Alior Bank  have filed bids to buy the local unit of Austria’s Raiffeisen as part of the government’s plan to increase control over the banking sector, a source familiar with the sale told Reuters. The source said PKO BP, Poland’s largest lender ...

Locked content PKO BP eyes €500 mln mortgage bond issue in H2 – CEO

State-controlled lender PKO Bank Polski (PKO BP) intends to implement at least a €500 million mortgage bond issue on international markets in H2, CEO Zbigniew Jagiełło announced. “We want mortgage financing to shift to covered bonds in H2,” the official emphasized. “The bank is wor...

Locked content PKO BP net profit at PLN 874 mln in Q2

State-controlled lender PKO BP recorded PLN 873.5 billion in attributable net profit in Q2 2016, compared with PLN 702.9 million in Q2 2015, the lender announced. The lender’s net interest income grew by 13.4 percent y/y and came in at PLN 1.9 billion in Q2 2016. Meanwhile, net fees and commis...

Locked content Kopex prolongs PLN 359 mln loan from PKO BP

Polish mining equipment producer Kopex has prolonged a PLN 359 million credit line from listed bank PKO BP to August 31, the company said in a market filing. The credit line is available to Kopex and several of its units. Apart from this, the annex follows a similar extension of a PLN 66.2 million c...

Locked content PKO Bank Polski has new deputy CEO

Poland’s largest state-controlled lender PKO Bank Polski has appointed Jan Emeryk Rosciszewski, an insurance sector manager, as deputy CEO as of July 18, the bank said in a market filing. Rosciszewski was the CEO of life insurer TUnZ Cardif Polska from 1998 to 2016. From 2001 to 2016 he has been per...

Locked content PKO BP will not acquire Bank Pekao

Poland’s largest state-controlled lender PKO Bank Polski is not going to take over commercial lender Bank Pekao, a unit of Italian UniCredit, PKO CEO confirmed. “I deny that we are taking over Pekao SA,” PKO Chief Executive Officer Zbigniew Jagiello said on Thursday. However, Jagiello di...

Locked content PKO BP to gain about PLN 400 mln due to Visa merger

Poland’s largest state-controlled lender PKO Bank Polski will receive €66.2 million (PLN 292.3 million) in cash and €22.7 million (PLN 100.2 million) in Visa Inc. shares in exchange for its stake in Visa Europe, the bank informed in a market filing. The provisions of the transaction is expected to b...

Locked content PKO BP plans to bid for Raiffeisen Polbank – Bloomberg

Poland’s largest state-controlled lender PKO Bank Polski plans to bid for Raiffeisen Bank Polska “as the state-run company seeks to reinforce government efforts to boost domestic ownership of the financial industry,” according to Bloomberg. “Raiffeisen’s Polish assets, including it...

Locked content Gov’t and PKO BP to launch exports promotion program for SMEs

The Ministry of Development, jointly with state-controlled lender PKO BP, will launch a special exports promotion program aimed at small and medium sized companies, deputy Prime Minister Mateusz Morawiecki announced. The official underscored that PKO BP is the biggest Polish bank and it should be tr...