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Bank Polska Kasa Opieki SA (PEO.WA)

PEO.WA on Warsaw Stock Exchange

103.00PLN
21 May 2019
Change (% chg)

0.75zł (+0.73%)
Prev Close
102.25zł
Open
102.60zł
Day's High
103.10zł
Day's Low
102.30zł
Volume
681,280
Avg. Vol
580,390
52-wk High
122.00zł
52-wk Low
97.30zł

Latest Key Developments (Source: Significant Developments)

Pekao Estimates Cost Related To Collective Redundancies At 70-90 Mln Zlotys
Thursday, 25 Apr 2019 

April 25 (Reuters) - Bank Polska Kasa Opieki SA ::SAYS IT HAS CONCLUDED AN AGREEMENT DEFINING THE PRINCIPLES OF COLLECTIVE REDUNDANCIES WITH ALL TRADE UNIONS OPERATING AT THE BANK .ESTIMATES ALL THE COSTS RELATED TO THE COLLECTIVE REDUNDANCIES FOR APPROX. 70-90 MILLION ZLOTYS.COLLECTIVE REDUNDANCIES WILL COVER NOT MORE THAN 900 EMPLOYEES IN CASE OF TERMINATION OF EMPLOYMENT CONTRACTS AND NOT MORE THAN 620 EMPLOYEES IN CASE OF AMENDMENT OF TERMS AND CONDITIONS OF EMPLOYMENT.THE APPROPRIATE PROVISION WILL BE CREATED IN THE BANK'S ACCOUNTING BOOKS.THE REDUNDANCIES WILL BE CARRIED OUT FROM APRIL 26 TO OCT 31.  Full Article

Pekao To Pay 369.9 Mln Zlotys To Resolution Fund Of Banks In 2019
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Bank Polska Kasa Opieki SA ::SAID ON TUESDAY IT IS TO PAY 369.9 MILLION ZLOTYS AS ANNUAL CONTRIBUTION TO RESOLUTION FUND OF BANKS FOR 2019.THE ENTIRE AMOUNT WILL BE RECOGNISED IN COSTS OF THE FIRST QUARTER OF 2019.  Full Article

Pekao Plans Group Lay-Offs Of Up To 950 Employees
Thursday, 4 Apr 2019 

April 4 (Reuters) - Bank Polska Kasa Opieki SA ::PLANS GROUP LAY-OFFS OF UP TO 950 EMPLOYEES.TO CONSULT GROUP LAY-OFFS WITH LABOUR UNIONS.ALSO PLANS TO CHANGE EMPLOYMENT CONDITIONS FOR UP TO 620 EMPLOYEES OVER APRIL 25 AND OCT 31.  Full Article

Poland's Bank Pekao Not Currently Analyzing Potential Acquisition Targets - CEO
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - BANK POLSKA KASA OPIEKI SA ::POLAND'S BANK PEKAO DEPUTY HEAD SAYS IN NEXT 2-3 YEARS BANK SHOULD BE ABLE TO SPEND 75 PERCENT OF ANNUAL PROFIT ON DIVIDEND.POLAND'S BANK PEKAO CEO SAYS IS NOT CURRENTLY ANALYZING ANY POTENTIAL ACQUISITION TARGETS IN BANKING SECTOR.POLAND'S PEKAO CEO SAYS DOES NOT EXPECT TO TAKE OVER A BANK THIS YEA.  Full Article

Pekao: KNF Agrees To Include Series B Bonds To Bank's Tier II Ratio
Monday, 19 Nov 2018 

Nov 19 (Reuters) - BANK POLSKA KASA OPIEKI SA ::POLAND'S POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) AGREES TO QUALIFY BANK'S 1,100 SERIES B SUBORDINATED BONDS OF TOTAL NOMINAL VALUE OF 550 MLN ZLOTYS TO ITS TIER II CAPITAL RATIO.SAYS AS RESULT OF INCLUDING SERIES B AND C BONDS TO BANK'S TIER II CAPITAL, TOTAL CAPITAL RATIO (TCR) WILL INCREASE BY ABOUT 0.6 PERCENTAGE POINT.  Full Article

Poland's Pekao CEO sticks to forecast for double-digit rise in 2018 net profit
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Bank Polska Kasa Opieki SA ::Poland's Pekao CEO says maintains forecasts for double-digit rise in 2018 net profit."We are maintaining the forecast of double-dight growth in net profits for 2018," says Pekao CEO Michal Krupinski, adding that this assumption excludes the Pioneer mutual fund stake takeover conducted last year .  Full Article

Pekao To Issue 750 Mln Zlotys Of Subordinated Bonds
Thursday, 4 Oct 2018 

Oct 5 (Reuters) - BANK POLSKA KASA OPIEKI SA ::SAID ON THURSDAY IT HAS RESOLVED TO ISSUE SERIES B AND C OF SUBORDINATED BONDS WITH TOTAL NOMINAL VALUE OF 750 MLN ZLOTYS.ISSUE DATE WAS SET FOR OCT 15.TOTAL NOMINAL VALUE OF 10-YEAR SERIES B BONDS IS 550 MLN ZLOTYS AND 15-YEAR SERIES C BONDS IS 200 MLN ZLOTYS.SAYS AFTER OBTAINING APPROVAL OF POLISH FINANCIAL SUPERVISION AUTHORITY (KNF), THE BONDS WILL BE CLASSIFIED AS TIER 2 INSTRUMENTS.  Full Article

Pekao Plans To Issue Bonds Of Nominal Value Of Up To 1.50 Bln Zlotys
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - BANK POLSKA KASA OPIEKI SA ::ITS MANAGEMENT AGREES TO ISSUE SUBORDINATED BONDS OF TOTAL NOMINAL VALUE NOT BIGGER THAN 1.50 BILLION ZLOTYS.EACH BOND WILL HAVE THE NOMINAL VALUE OF 0.5 MILLION ZLOTYS.AFTER THE POLISH FINANCIAL SUPERVISION AUTHORITY APPROVAL, THE BONDS TO BE QUALIFIED AS TIER II INSTRUMENTS.PLANS TO ISSUE BONDS IN OCT. 2018, IN ONE OR MORE SERIES, SAYING THE DATE IS SUBJECT TO BOND MARKET CONDITIONS.  Full Article

Polish bank Pekao plans to spend 100 pct of 2018 profit as dividend - CEO
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Bank Polska Kasa Opieki SA ::POLAND'S PEKAO CEO SAYS UPHOLDS PLAN TO SPEND 100 PERCENT OF 2018 NET PROFIT ON DIVIDEND AFTER THE BANK ENDED TALKS ON ITS POSSIBLE MERGER WITH SMALLER RIVAL ALIOR BANK <<>>nL5N1UZ0ZU."WE UPHOLD OUR DECLARATION REGARDING THE POSSIBILITY TO PAY OUT A DIVIDEND EQUAL TO 100 PERCENT OF THIS YEAR'S PROFIT," MICHAL KRUPINSKI TOLD A PRESS CONFERENCE ON WEDNESDAY. .  Full Article

Poland's Pekao may reduce headcount by 1,000 employees this year
Thursday, 10 May 2018 

May 10 (Reuters) - Bank Polska Kasa Opieki SA ::POLAND'S PEKAO DEPUTY CEO SAYS COST SAVINGS, VOLUNTARY REDUNDANCIES WILL ALLOW TO CUT NUMBER OF EMPLOYEES BY 1,000 THIS YEAR.POLAND'S PEKAO CEO SAYS DECISION ON WHETHER TO MERGE WITH ALIOR BANK SHOULD BE TAKEN BY Q2 END.  Full Article