Poland's flagship bank PKO BP posted PLN 2.08 billion (EUR 480 million) in net profit in the first half of 2019, 23 percent up year-on-year, the bank wrote in its half-year report, published on Tuesday.
Poland's largest lender by assets, PKO BP, has maintained the forecast of Poland's economic growth at 4.6 pct in 2019 and slightly raised its forecast for next year to 3.7 percent, PKO BP's chief economist, Piotr Bujak, said on Thursday.
In addition to remains of 18th century housing, the archaeologists discovered that the inhabitants of the city were probably heavy smokers as they found a few pipes in every house.
While the trend across Europe is that banks’ share prices are in decline, PKO BP is bucking the trend. PKO BP, has overtaken the stock market valuation of Germany’s long-time leader Deutsche Bank, in a move that is being seen as an historic moment for the Polish economy.
Poles had 41.2 million payment cards at the end of 2018, up by 817,000 from the third quarter of 2018, the National Bank of Poland (NBP) reported on Monday.
One hundred years ago, on February 7 1919, a decree signed by Poland's inter-war strongman Józef Piłsudski founded the Postal Savings Bank, best known today under its abbreviated name PKO.
The results of an EU-wide stress test of 48 banks shows that Polish bank PKO BP is the most resilient to a common set of adverse economic developments. Bank Pekao also came in the top three of the tests conducted by the European Banking Authority (EBA).
The number of payment cards in Poland at the end of the second quarter of 2018 grew to 40.2 million, 685,000 more than at the end of the first quarter, the National Bank of Poland (NBP) reported on Monday.
Jakub Papierski, vice-president of PKO Bank Polski (PKO BP) board, said in New York that the main goal facing his bank, after Poland had been reclassified by the FTSE Russell agency to "developed market", is to gain new investors.
Santander Bank Polska says that despite the change of name and logo all agreements remain in force and customers won’t need to sign any additional amendments.