February 8, 2018 / 7:09 AM / 4 months ago

Poland - Factors to Watch Feb 8

Following are news stories, press reports and events to watch that may affect Poland’s financial markets on Thursday. ALL TIMES GMT (Poland: GMT + 1 hour):

MBANK

Poland’s fourth-largest lender by assets, mBank, reported on Thursday an almost 7 percent annual rise in its fourth-quarter net profit to 312 million zloty ($91.81 million) compared with 300 million expected by analysts.

JERONIMO MARTINS

Poland’s biggest employer retail chain Biedronka, which belongs to Portuguese Jeronimo Martins, plans to increase the number of its employees in 2018 by 3,000 from 65,000, Jeronimo Martins Polska member of management board Jaroslaw Sobczyk told Dziennik Gazeta Prawna daily.

Biedronka’s revenues account for 68 percent of total Jeronimo Martins sales.

JSW AND PRAIRE MINING

Coal group JSW may buy a licence for extraction in the closed coal mine Debiensko from Australian company Praire Mining, Dziennik Gazeta Prawna said.

POLSKA GRUPA GORNICZA

Coal group Polska Grupa Gornicza (PGG) Chief Executive Tomasz Rogala told Rzeczpospolita daily that the group’s net profit amounted last year to 100 million zloty. It is unlikely that PGG will debut on the Warsaw bourse this year, he said.

BGZ BNP PARIBAS

BGZ BNP Paribas acting chief executive officer Przemyslaw Gdanski told Puls Biznesu daily that he aims at increasing lemnder’s ROE to 10 percent in 2019-2020.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****

For other related news, double click on: Polish equities E.Europe equities Polish money Polish debt Eastern Europe All emerging markets Hot stocks Stock markets Market debt news Forex news For real-time index quotes, double click on: Warsaw WIG20 Budapest BUX Prague PX (Reporting by Warsaw Bureau)

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