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Bank Polska Kasa Opieki SA (PEO.WA)

PEO.WA on Warsaw Stock Exchange

41.92PLN
7:24pm IST
Change (% chg)

-0.19zł (-0.45%)
Prev Close
42.11zł
Open
41.60zł
Day's High
42.43zł
Day's Low
41.40zł
Volume
522,378
Avg. Vol
767,238
52-wk High
112.15zł
52-wk Low
40.80zł

Latest Key Developments (Source: Significant Developments)

PZU Says Write-Downs To Lower Consolidated Net Result By 827 Mln Zlotys
Wednesday, 26 Aug 2020 

Aug 26 (Reuters) - Powszechny Zaklad Ubezpieczen SA ::SAID ON TUESDAY THAT AS A RESULT OF IMPAIRMENT TESTS REGARDING ACQUISITION OF ALIOR BANK SHARES AND BANK PEKAO SHARES IT HAS CREATED WRITE-DOWNS ON INTANGIBLE ASSETS AND LEGAL ENTITIES .ESTIMATED IMPACT OF WRITE-DOWNS ON CONSOLIDATED NET RESULT IS ABOUT 827 MILLION ZLOTYS.STANDALONE IMPACT ON THE VALUATION OF ALIOR BANK AND BANK PEKAO IN THE BOOKS OF PZU IS ABOUT 648 MILLION ZLOTYS.SAID THAT CONDUCTING GOODWILL IMPAIRMENT TESTS FOR ACQUISITION OF SHARES IN ALIOR BANK AND BANK PEKAO AS OF JUNE, 30 RESULTS FROM ACTIONS TAKEN BY BANKS IN CONNECTION WITH THE COVID-19 PANDEMIC AND ITS ECONOMIC CONSEQUENCES WHICH LED TO DECREASE IN EXPECTED CASH FLOWS FROM SHARES HELD IN ALIOR BANK AND BANK PEKAO .  Full Article

Bank Pekao Q2 Net Profit 359.2 Mln Zlotys, Above Expectations
Wednesday, 5 Aug 2020 

Aug 5 (Reuters) - Bank Polska Kasa Opieki SA : :H1 NET PROFIT 546.0 MILLION ZLOTYS VERSUS 467 MILLION ZLOTYS SEEN IN REUTERS POLL.Q2 NET PROFIT 359.2 MILLION ZLOTYS VERSUS 280 MILLION ZLOTYS SEEN IN REUTERS POLL.Q2 NET INTEREST INCOME 1.37 BILLION ZLOTYS VERSUS 1.32 BILLION ZLOTYS SEEN IN REUTERS POLL.Q2 NET FEE AND COMMISSION INCOME 567.8 MILLION ZLOTYS VERSUS 564 MILLION ZLOTYS SEEN IN REUTERS POLL.Q2 NET PROVISIONS 474.0 MILLION ZLOTYS VERSUS 485 MILLION ZLOTYS SEEN IN REUTERS POLL.IMPAIRMENT LOSSES IN H1 OF 2020 FOR THE GROUP IS EQUAL PLN 805 MLN.GROUP ASSESS ESSENTIAL AMOUNT OF THIS VALUE IS COVID-19 IMPACT.  Full Article

Bank Pekao Appoints Marcin Gadomski As Vice President Of Management Board
Wednesday, 17 Jun 2020 

June 17 (Reuters) - Bank Polska Kasa Opieki SA ::SAID ON TUESDAY THAT IT HAS APPOINTED MARCIN GADOMSKI AS VICE PRESIDENT OF THE MANAGEMENT BOARD EFFECTIVE FROM JULY 1.ADDITIONALLY THE SUPERVISORY BOARD OF THE BANK UPON OBTAINING CONSENT OF THE POLISH FINANCIAL SUPERVISION AUTHORITY HAS ENTRUSTED MARCIN GADOMSKI WITH THE FUNCTION OF THE VICE PRESIDENT OF THE MANAGEMENT BOARD OF THE BANK SUPERVISING THE MANAGEMENT OF MATERIAL RISK IN THE BANK'S OPERATIONS .  Full Article

Pekao Appoints Beata Kozlowska-Chyla As Chairwoman Of Supervisory Board
Friday, 29 May 2020 

May 29 (Reuters) - Bank Polska Kasa Opieki SA ::APPOINTS BEATA KOZLOWSKA-CHYLA AS CHAIRWOMAN OF SUPERVISORY BOARD.  Full Article

Poland's Bank Pekao Q1 Net Profit At 187.0 Mln Zlotys, Above Expectations
Tuesday, 12 May 2020 

May 12 (Reuters) - Bank Polska Kasa Opieki SA ::Q1 NET PROFIT 187.0 MILLION ZLOTYS VERSUS 106 MILLION ZLOTYS SEEN IN REUTERS POLL.Q1 NET INTEREST INCOME 1.43 BILLION ZLOTYS VERSUS 1.40 BILLION ZLOTYS SEEN IN REUTERS POLL.Q1 NET FEE AND COMMISSION INCOME 614.4 MILLION ZLOTYS VERSUS 607 MILLION ZLOTYS SEEN IN REUTERS POLL.Q1 NET PROVISIONS 330.9 MILLION ZLOTYS VERSUS 394 MILLION ZLOTYS SEEN IN REUTERS POLL.ON CORONAVIRUS: BANK PLANS REVISION OF STRATEGIC GOALS DUE TO EPIDEMIC.CREATES WRITE-DOWN RELATED TO CORONAVIRUS PANDEMIC DUE TO FORECASTED DETERIORATION OF DEBT LOAN PORTFOLIO RISK IN AMOUNT OF ABOUT 200 MLN ZLOTYS.  Full Article

Bank Pekao Appoints Leszek Skiba As New CEO As Of April 22
Wednesday, 22 Apr 2020 

April 22 - BANK PEKAO SA ::SAYS CEO MAREK LUSZTYN HAS STEPPED DOWN.THE SUPERVISORY BOARD HAS APPOINTED CURRENT DEPUTY CEO LESZEK SKIBA AS THE NEW CEO.THE APPOINTMENT IS EFFECTIVE AS OF APRIL 22.  Full Article

Bank Pekao Appoints Grzegorz Janas As Chairman Of Supervisory Board
Wednesday, 22 Apr 2020 

April 22 (Reuters) - Bank Polska Kasa Opieki SA ::SAYS APPOINTS GRZEGORZ JANAS AS A CHAIRMAN OF THE SUPERVISORY BOARD AS OF APRIL 21 .  Full Article

Pekao Recommends Not To Distribute 2019 Net Profit
Tuesday, 21 Apr 2020 

April 21 (Reuters) - Bank Polska Kasa Opieki SA ::MANAGEMENT RECOMMENDS TO ALLOCATE ABOUT 25% NET PROFIT TO RESERVE CAPITAL AND RETAIN 75% PART OF NET PROFIT.DECISION DUE TO CORONAVIRUS PANDEMIC.  Full Article

Pekao Chairman Of Supervisory Board Pawel Surowka Resigns
Thursday, 16 Apr 2020 

April 16 (Reuters) - Bank Polska Kasa Opieki SA ::SAID ON WEDNESDAY PAWEL SUROWKA HAS RESIGNED FROM THE POSITION OF CHAIRMAN OF THE SUPERVISORY BOARD, RESIGNATION EFFECTIVE AS OF APRIL 20.PAWEL SUROWKA SAID THAT THE REASON FOR RESIGNATION IS HIS EARLIER RESIGNATION FROM THE CEO FUNCTION OF POWSZECHNY ZAKLAD UBEZPIECZEN, BANK'S STRATEGIC SHAREHOLDER .  Full Article

Poland's Bank Pekao To Pay 208.0 Mln Zlotys To Bank Guarantee Fund In 2020
Tuesday, 14 Apr 2020 

April 15 (Reuters) - Bank Polska Kasa Opieki SA ::SAID ON TUESDAY THAT BANK GUARANTEE FUND HAS SET A CONTRIBUTION OF 208.0 MILLION ZLOTYS FOR THE BANK FOR 2020.THE WHOLE AMOUNT WILL BE ACCOUNTED FOR AS Q1 COSTS .  Full Article

BRIEF-Bank Pekao Says Rate Cuts To Lower Group's Net Result By 650-700 Mln Zlotys In 2020

* SAID ON FRIDAY THAT DECISIONS OF POLAND'S MONETARY POLICY COUNCIL REGARDING REDUCING REFERENCE RATE WILL LOWER GROUP'S NET RESULT IN 2020 BY ABOUT 650-700 MILLION ZLOTYS AS A RESULT OF LOWERING THE INTEREST MARGIN BY ABOUT 45 BASIS POINTS