Locked content KNF obligations regarding IPO have not changed – Raiffeisen CEO

According to Raiffeisen CEO, which owns Raiffeisen Polbank, Johann Strobl, said that the Polish Financial Supervision Authority did not expand the banks’ obligation regarding its IPO after postponing the date to May 2018. “The Polish regulator had not tightened the conditions. We want to fulfi...

Locked content Raiffeisen Polbank with PLN 29.69 mln H1 net loss

Raiffeisen Polbank, suffered a PLN 29.69 million attributable net loss in H1 versus PLN 69.77 million profit posted last year, the bank said in a market filing. In Q1, the lender had PLN 46.45 million net profit. The H1 result was affected by the pre-announced PLN 114 million write-down of Polbank b...

Locked content KNF denies second motion to postpone Raiffeisen IPO

Financial market regulator KNF dismissed the second Raiffeisen Polbank’s motion to delay its obligation to float the lender on the Warsaw Stock Exchange by end-June this year. “RBI is obliged to carry out the IPO of Raiffeisen Bank Polska by the deadline of June 30, 2017, KNF said. The motion ...

Locked content Raiffeisen Polbank with PLN 76.1 mln Q1 net loss

Raiffeisen Polbank, suffered a PLN 76.1 million attributable net loss in Q1 versus PLN 10.1 million loss posted last year, the bank said in a market filing. The Q1 result was affected by the pre-announced PLN 114 million write-down of Polbank brand as well as booking the PLN 48.5 million contributio...

Locked content Raiffeisen Polbank 2016 profit inches up, plans IPO

Raiffeisen Polbank, the Polish banking unit of Austrian Raiffeisen Bank International, had a PLN 162.8 million net profit in 2016 slightly up by 1.7 percent y/y . The figure was boosted by the sale of its leasing unit to the parent company and revenue from the sale of VISA Europe. On the other hand,...

Locked content Raiffeisen Polbank: złoty should stabilize

A leading economist from Raiffeisen Polbank stated on Tuesday that recent fluctuations in the Polish złoty reflected the volatility of the euro in relation to the US dollar, and said that he did not expect the trend to continue beyond next week.  The euro [today] reached its lowest levels since 2003...

Locked content Alior Bank and PKO BP launch negotiations with Raiffeisen

State-run Polish lender PKO BP  and Alior Bank informed that they have started exclusive negotiations with Austria’s Raiffeisen over the purchase of its Polish unit. “The Bank has entered into negotiations with Raiffeisen Bank International relating to the acquisition by the Bank (direct...

Locked content Morawiecki: PZU not negotiating with UniCredit on Pekao takeover

Poland is not conducting any negotiations with Italy’s biggest bank UniCredit regarding acquisition of its Polish unit, and any potential deal must be done on market terms, Deputy Prime Minister Mateusz Morawiecki proclaimed. On Tuesday, Reuters, citing two sources, informed that PZU CEO Micha...

Locked content Raiffeisen Polbank profit up 120% in H1 y/y

The Polish unit of Raiffeisen Bank International, Raiffeisen Polbank recorded PLN 235.3 million in net profits in H1 2016, an increase of 120 percent on an annual basis. The lender’s gross profit grew by 145 percent to PLN 337.9 million. The fee income rose by 11 percent y/y to PLN 295.1 milli...

Locked content Reuters: BNP Paribas to bid for Raiffeisen Polbank

BNP Paribas, France’s largest listed bank, joined Polish state-run lenders PKO Bank Polski, Alior Bank and Dutch ING in the race for Raiffeisen Polbank, Reuters said, citing three sources familiar with the matter. “The list is getting a bit longer with BNP joining in,” one of the s...