Poland's PKO BP Capital Group formed around Poland's biggest state-owned bank closed 2019 with profits at PLN 4,03 billion (EUR 950 million), the highest in the bank's history. PKO BP also raised its client pool to 10.9 million, including 4.2 million online users.
The Polish banking sector posted a net profit of PLN 14.46 billion (EUR 3.42 billion) in January-November 2019, up 1.9 percent year on year, the National Bank of Poland (NBP) announced in a report on Tuesday.
The National Bank of Poland (NBP) wrote in a December 2019 Financial Stability Report that the Polish financial system was stable while the systemic risk remained at a moderate level.
CEO of Bank Pekao SA, the country's second largest bank by assets, Michal Krupinski tendered a resignation effective immediately on Friday, motivating his decision with the desire to continue his career outside of Poland.
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.