Stress tests were conducted on a sample of 48 banks from the European Union and Norway, covering approximately 70 percent of assets of the European banking sector. PKO Bank Polski, which came first, was audited directly by the EBA.
Bank Millennium has signed a deal to buy 99.79 percent in Euro Bank from Societe Generale for PLN 1.833 billion (EUR 425.15 mln), Bank Millennium said in a Monday statement.
Poland's banking sentiment indicator (Pengab) grew by 0.1 point month on month in September 2018 to 26.6 points, according to the Polish Bank Association (ZBP) and the Kantar TNS market research centre.
The Polish banking sector posted a cumulative net profit of PLN 9.12 bln (EUR 2.12 bln) in January-July, up 14 percent year on year, the National Bank of Poland said in a Wednesday report.
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.
Poland continues to be an attractive destination for the global banking sector.
The Polish banking market is going through a period of consolidation
Poland's flagship bank PKO BP posted PLN 757 mln (EUR 176 mln) in net profit in the first quarter of 2018, above the consensus expectations at PLN 704.8 mln (PLN 163.7 mln) and up from PLN 525 mln (EUR 122 mln) in the first three months of 2017.
The economic research team of Poland's biggest bank PKO BP has topped the ranking of economic forecasters for 2017 as prepared by the UK-based survey organisation Consensus Economics, the bank said in a statement.
Poland is among the countries that can be called leaders in digital banking, according to research conducted by consulting firm Deloitte and presented at a Tuesday press conference.