PKO BP's Q2 results shows it remains the leader of the pack
During the period it earned zł.462 million, which means that its 2005 net profit already amounts to zł.882.8. The positive result immediately affected PKO BP's share price which rose by 1.4% to close at zł.29.10. "The H1 result confirm that this year will be much better than the previous one and we will be able to achieve the best results in the banking sector again" said PKO BP's CEO Andrzej Posiadło. He also revealed that the institution plans to further invest in East and Central European countries. Over the next three years he plans to invest primarily in Bulgaria and Rumania, which will join the EU in the mid-term, and which do not yet have a developed banking network. According to analysts, PKO BP should focus on interest margins. Its
deposit and loans portfolio, however, is 10.5% higher than last year. Its business performance showed that it achieved the highest return on investment rate in the sector of 20.2% However, its Cost/Income rate is 60%, which is much worse as compared to its direct competitor, bank BPH. (Puls Biznesu, p. 9) J.J.
deposit and loans portfolio, however, is 10.5% higher than last year. Its business performance showed that it achieved the highest return on investment rate in the sector of 20.2% However, its Cost/Income rate is 60%, which is much worse as compared to its direct competitor, bank BPH. (Puls Biznesu, p. 9) J.J.
