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Bank Polska Kasa Opieki SA (PEO.WA)

PEO.WA on Warsaw Stock Exchange

48.53PLN
21 Sep 2020
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Mon, Jun 1 2020

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

BRIEF-Poland's Bank Pekao Q1 Net Profit At 187.0 Mln Zlotys, Above Expectations

* Q1 NET PROFIT 187.0 MILLION ZLOTYS VERSUS 106 MILLION ZLOTYS SEEN IN REUTERS POLL

BRIEF-Bank Pekao Says Interest Rate Cuts Will Lower Group's Net Result By About 450-500 Mln Zlotys In 2020

* SAID ON THURSDAY THAT DUE TO DECISIONS REGARDING REDUCING INTEREST RATES GROUP'S NET RESULT IN 2020 WILL BE LOWER BY ABOUT 450-500 MILLION ZLOTYS AS A RESULT OF LOWERING THE INTEREST MARGIN BY ABOUT 30 BASIS POINTS

BRIEF-Bank Pekao Says Poland's KNF Wants Banks To Retain Net Profit Due To Expected Coronavirus Impact

* SAYS RECEIVED DOCUMENT FROM POLAND'S FINANCIAL REGULATOR KNF, IN WHICH KNF EXPECTS BANKS TO RETAIN ALL NET PROFIT WORKED OUT IN PREVIOUS YEARS

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