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Bank Polska Kasa Opieki SA (PEO.WA)

PEO.WA on Warsaw Stock Exchange

104.90PLN
17 Sep 2019
Change (% chg)

-2.10zł (-1.96%)
Prev Close
107.00zł
Open
106.95zł
Day's High
107.00zł
Day's Low
104.70zł
Volume
740,356
Avg. Vol
732,268
52-wk High
118.25zł
52-wk Low
93.50zł

Latest Key Developments (Source: Significant Developments)

Poland's Pekao CEO upholds 3 bln zlotys net profit guidance for 2020
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Bank Polska Kasa Opieki SA ::POLAND'S PEKAO CEO SAYS UPHOLDS 3 BILLION ZLOTYS ($777.79 MILLION) NET PROFIT GUIDANCE FOR 2020."WE UPHOLD OUR GUIDANCE FOR NEXT YEAR," MICHAL KRUPINSKI, PEKAO CHIEF EXECUTIVE TOLD A PRESS CONFERENCE.EARLIER ON WEDNESDAY PEKAO SAID ITS NET PROFIT IN THE FIRST HALF OF 2019 STOOD AT 824 MLN ZLOTYS nFWN25217L.  Full Article

Pekao SA Says KNF Allows Bank To Qualify Series D Subordinated Bonds As Tier II Instruments
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Bank Polska Kasa Opieki SA ::SAYS POLISH FINANCIAL REGULATOR KNF AGREES BANK TO QUALIFY SERIES D SUBORDINATED BONDS AS TIER II INSTRUMENTS.SAYS DECISION CONCERNS 700 D SERIES SUBORDINATED BONDS OF NOMINAL VALUE OF 350 MILLION ZLOTYS IN TOTAL.SAYS INCLUSION OF FUNDS OBTAINED FROM SAID BONDS IN TIER II WILL INCREASE GROUP'S TCR BY 0.3 P.P..  Full Article

Echo Investment Unit Signs Construction Loan and Investment Agreement For EUR 65 Mln Each With Pekao
Thursday, 4 Jul 2019 

July 4 (Reuters) - Echo Investment Sa ::SAYS ITS UNIT SIGNS INVESTMENT LOAN AGREEMENT FOR 65 MILLION EUROS WITH BANK POLSKA KASA OPIEKI.SAYS ITS UNIT SIGNS CONSTRUCTION LOAN AGREEMENT FOR 65 MILLION EUROS WITH BANK POLSKA KASA OPIEKI.  Full Article

KPPD Signs 1.0 Mln Zloty Investment Loan Agreement With Bank Pekao SA
Wednesday, 29 May 2019 

May 29 (Reuters) - Kppd Sa ::SIGNS 1.0 MILLION ZLOTY INVESTMENT LOAN AGREEMENT WITH BANK PEKAO SA.FUNDS TO BE USED FOR FINANCING AND REFINANCING EXPENSES MADE FOR WOOD PROCESSING EQUIPMENT.  Full Article

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