Bank Polska Kasa Opieki SA (PEO.WA)

PEO.WA on Warsaw Stock Exchange

23 Nov 2017
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3.45zł (+2.70%)
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Latest Key Developments (Source: Significant Developments)

Polish regulator seeks additional capital buffer for Pekao
Friday, 12 Aug 2016 

Poland's Bank Pekao SA : Poland's financial regulator KNF has asked the country's macroeconomic stability body KSF to give an opinion on whether to recognise Poland's Pekao SA as a "systemically important institution" and require it hold a capital buffer equal to 0.75 percent of its risk exposure, the bank said on Friday. .Pekao, Poland's second biggest bank by assets, is the Polish unit of the Italian bank UniCredit ..  Full Article

UniCredit assessing all options for Pekao, no decision taken
Wednesday, 3 Aug 2016 

Unicredit CEO Jean-Pierre Mustier tells analysts in a post-results call: the lender is assessing all options for Polish unit Pekao, no decision has been taken Further company coverage: [CRDI.MI] [PEO.WA] (Reporting by Milan newsroom).  Full Article

Poland's Pekao says could match 2015 profit this year
Wednesday, 3 Aug 2016 

Bank Pekao : The chief executive of Poland's No.2 lender Pekao, Luigi Lovaglio, said on Wednesday that he expects the bank to match its 2015 net profit of 2.29 billion zlotys ($593.7 million) this year. . "We are on the right path to reach the target we set at the start of this year, which was to achieve a result close to that of 2015," Lovaglio told a news conference. . Earlier on Wednesday, Pekao said it posted a 12 percent rise year-on-year in its second-quarter net profit, beating analysts' forecasts thanks to proceeds related to the sale of Visa Europe and higher-than-expected fee income. [nL8N1AK10O] Further company coverage: [PEO.WA] ($1 = 3.8573 zlotys) (Reporting by Marcin Goclowski; Writing by Agnieszka Barteczko) ((agnieszka.barteczko@thomsonreuters.com;)).  Full Article

Poland's Bogdanka refinances 300 mln zloty debt
Thursday, 30 Jun 2016 

Lubelski Wegiel Bogdanka : Polish coal miner Bogdanka issues bonds of a total nominal value of 300.0 million zlotys ($75.39 million) to refinance its debt . Bonds have been acquired by Bank Pekao and Bank Gospodarstwa Krajowego . The bonds bear a WIBOR 3M interest plus a fixed margin and mature on June 30, 2017 . Also redeems 100 million zloty bonds .Its total debt was at 725.6 million zlotys as of March 31.  Full Article

Poland's Pekao sees 2016 net close to 2015 level -CEO
Tuesday, 10 May 2016 

Bank Polska Kasa Opieki SA (Bank Pekao) : The chief executive of Poland's No.2 lender Pekao, Luigi Lovaglio, told reporters on Tuesday the bank targets a net profit in 2016 around the 2015 level of 2.29 billion zlotys ($590 million). . CEO added the bank plans to continue selling non performing loan (NPL) portfolios, but the second quarter will not see such big portfolio sales as in the first quarter. . A sale of a NPL portfolio added 120 million zlotys to the bank's net profit in the first three months of the year. . Lovaglio said that Pekao would consider buying a local SKOK credit union if any interesting opportunity arises. Further company coverage: [PEO.WA] ($1 = 3.8837 zlotys) (Reporting by Marcin Goclowski; Writing by Marcin Goettig) ((marcin.goettig@thomsonreuters.com;)).  Full Article

Fitch Ratings confirms Bank Polska Kasa Opieki SA at A- with stable outlook
Friday, 1 Apr 2016 

Bank Polska Kasa Opieki SA:Says Fitch Ratings (Fitch Ratings) informed about affirming the bank's ratings at unchanged levels.Says as the result ratings of the bank’s financial credibility are: long-term IDR of A- with stable outlook; short-term IDR of F2; viability rating of a-, and support rating of 2.Says the rating reflects the company's strong credit profile, based mainly on strong capitalization, solid franchise, financial results relatively resistant to external factors.The company also has sound asset quality, high level of liquidity and stable funding base and low exposure to risks related to foreign currency mortgage loans.  Full Article

Standard & Poor's Ratings Services affirms Bank Polska Kasa Opieki SA rating, outlook negative
Wednesday, 20 Jan 2016 

Bank Polska Kasa Opieki SA:Standard & Poor's Ratings Services affirms company’s long-term credit rating at BBB+ and short-term rating at A-2.stand-alone affirmed at bbb+.outlook negative.  Full Article

Poland's Bank Pekao Q3 net rises 3 pct, slightly above forecasts

WARSAW, Nov 8 Poland's second-largest bank, state-run Bank Pekao, said on Wednesday its third-quarter net profit rose by 3 percent year on year to 536 million zlotys ($146.36 million) as an accelerating economy improved demand for banking services.