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Idea Bank SA (IDE.WA)

IDE.WA on Warsaw Stock Exchange

2.08PLN
24 May 2019
Change (% chg)

-0.22zł (-9.78%)
Prev Close
2.30zł
Open
2.25zł
Day's High
2.25zł
Day's Low
2.03zł
Volume
401,008
Avg. Vol
722,823
52-wk High
9.68zł
52-wk Low
1.62zł

Latest Key Developments (Source: Significant Developments)

KNF Appoints Bank Guarantee Fund As Idea Bank's Curator
Wednesday, 15 May 2019 

May 15 (Reuters) - Idea Bank SA ::SAYS POLISH FINANCIAL REGULATOR KNF DECIDES TO APPOINT CURATOR TO IMPROVE THE BANK'S SITUATION.SAYS KNF APPOINTED BANK GUARANTEE FUND AS THE BANK'S CURATOR.  Full Article

Idea Bank FY Net Result Turns To Loss Of 1.89 Bln Zlotys
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Idea Bank SA ::FY NET LOSS 1.89 BILLION ZLOTYS VERSUS PROFIT OF 231.1 MILLION ZLOTYS YEAR AGO.FY NET INTEREST INCOME 542.7 MILLION ZLOTYS VERSUS 755.4 MILLION ZLOTYS YEAR AGO.FY NET FEE AND COMMISSION LOSS 221.9 MILLION ZLOTYS VERSUS INCOME 261.4 MILLION ZLOTYS YEAR AGO.SAYS ITS CONSOLIDATED NET RESULT WAS IMPACTED BY PROVISIONS AND IMPAIRMENTS OF ABOUT 1.46 BILLION ZLOTYS.  Full Article

Idea Bank Gets Request From DNLD To Start Settlement Talks
Thursday, 7 Mar 2019 

March 7 (Reuters) - Idea Bank ::SAYS GETS REQUEST FROM DNLD TO START SETTLEMENT TALKS REGARDING SATISFACTION OF DAMAGE CONNECTED TO ACQUISITION OF GETBACK'S SHARES.SAYS BANK DOES NOT INTEND TO ENGAGE IN ANY NEGOTIATIONS WITH DNLD, DOESN'T FIND GROUNDS FOR BANK'S LIABILITY UNDER SALES CONTRACT.  Full Article

Idea Bank Q3 Net Result Turns To Loss Of 32.6 Mln Zlotys
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Idea Bank SA ::Q3 NET LOSS 32.6 MILLION ZLOTYS VERSUS PROFIT 97.4 MILLION ZLOTYS YEAR AGO.9-MONTH NET LOSS OF 412.0 MILLION ZLOTYS VERSUS PROFIT OF 194.8 MILLION ZLOTYS YEAR AGO.Q3 NET INTEREST INCOME 161.6 MILLION ZLOTYS VERSUS 165.7 MILLION ZLOTYS YEAR AGO.Q3 NET FEE AND COMMISSION INCOME 2,000 ZLOTYS VERSUS 88.6 MILLION ZLOTYS YEAR AGO.  Full Article

Idea Bank Magdalena Skwarzec Resigns As Deputy CEO
Friday, 16 Nov 2018 

Nov 16 (Reuters) - IDEA BANK SA ::MAGDALENA SKWARZEC RESIGNS AS DEPUTY CEO.  Full Article

Idea Bank Put On Public Warnings List By Financial Regulator KNF
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - IDEA BANK SA ::SAID ON TUESDAY THAT IT HAS BEEN PLACED ON THE PUBLIC WARNING LIST OF THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF).THE ANNOUNCEMENT FOLLOWS THE FINANCIAL REGULATOR'S INQUIRY REGARDING BANK ACTIVITIES ON THE CAPITAL MARKET BETWEEN 2016 AND 2018 WITHOUT APPROPRIATE PERMISSIONS FROM KNF.IT REGARDS THE PROCESS OF OFFERING FINANCIAL INSTRUMENTS FROM AT LEAST AUGUST 2016 TILL OCTOBER 2017 AND INVESTMENT ADVISORY FROM AT LEAST SEPTEMBER 2016 TO MARCH 2018, KNF SAID IN A SEPARATE STATEMENT.THE NOTIFICATION DOES NOT COVER THE BANKING ACTIVITY OF THE BANK.  Full Article

Idea Bank Appoints Jerzy Marek Pruski As Deputy CEO
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - IDEA BANK SA ::SAID ON WEDNESDAY IT HAS APPOINTED JERZY MAREK PRUSKI AS DEPUTY CEO AND ENTRUST HIM WITH THE DUTIES OF CEO.SAYS TOBIASZ BURY HAS RESIGNED AS CEO AS OF NOV 7.  Full Article

Idea Bank Plans To Strengthen Capital, Improve Profitability
Friday, 21 Sep 2018 

Sept 21 (Reuters) - IDEA BANK SA DE.WA::SAYS IT PLANS A SHARE ISSUE IN THE AMOUNT OF 50 MILLION ZLOTYS IN H1, 2019, GUARANTEED BY THE COMPANY'S MAIN SHAREHOLDER, LESZEK CZARNECKI.IT ADDS THAT TO STRENGTHEN REGULATED CAPITAL IN THE LONG-TERM AN ISSUE OF SUBORDINATED BONDS MIGHT BE NEEDED.SAYS BANK'S CAPITAL WILL ALSO BE INCREASED BY PROFITS IN THE FORTHCOMING QUARTERS ."WE THINK THAT AFTER ONE-OFF EFFECT IN THE SECOND QUARTER OF 2018, THE BANK WILL DELIVER PROFITS IN THE FORTHCOMING QUARTERS," TOBIASZ BURY, BANK'S CEO SAID IN A PRESS RELEASE.EARLIER THIS MORNING CO HAS REPORTED A RESTRUCTURING PROGRAM AIMING AT IMPROVING PROFITABILITY, AMONG OTHERS THE BANK PLANS TO GRADUALLY MODIFY ITS BALANCE SHEET STRUCTURE WHAT SHOULD LEAD TO GROWTH IN NET INTEREST MARGIN nFWN1W705M.BURY ALSO POSITIVELY EVALUATES THE POTENTIAL MERGER BETWEEN IDEA BANK AND GETIN NOBLE BANK <<>>, ADDING THAT IT COULD INCREASE CHANCES TO ACQUIRE NEW BUSINESS CLIENTS.EARLIER THIS MORNING CO REPORTED A 404.6 MLN ZLOTY NET LOSS IN Q2 nFWN1W702S AND A BREACH OF MINIMUM CAPITAL RATIO REQUIREMENTS .SAYS RESTRUCTURING PLAN AND CAPITAL PROTECTION PLAN RESULT FROM WRITE-DOWNS AND SET RESERVES REPORTED ON AUG. 17 nL8N1VB0HI.  Full Article

Getin Holding Q2 Net Result Turns To Loss Of 191.6 Mln Zlotys
Friday, 21 Sep 2018 

Sept 21 (Reuters) - GETIN HOLDING SA ::Q2 NET LOSS OF 191.6 MILLION ZLOTYS VERSUS PROFIT OF 46.8 MILLION ZLOTYS YEAR AGO.Q2 NET INTEREST INCOME 227.4 MILLION ZLOTYS VERSUS 281.7 MILLION ZLOTYS YEAR AGO.Q2 NET FEE AND COMMISSION NEGATIVE INCOME 162.2 MILLION ZLOTYS VERSUS POSITIVE 90.8 MILLION ZLOTYS YEAR AGO.IN A SEPARATE STATEMENT THE COMPANY INFORMED THAT ITS UNIT, IDEA BANK <<>> MADE ADDITIONAL ADJUSTMENTS TO ITS FINANCIAL STATEMENTS WHAT LOWERS GETIN HOLDING'S NET RESULT ATTRIBUTABLE TO THE COMPANY'S SHAREHOLDERS BY ABOUT 54 MILLION ZLOTYS.IN AUGUST GETIN HOLDING INFORMED THAT ITS Q2 RESULTS WOULD BE LOWERED BY THE UNIT'S WRITE-DOWNS AND PROVISIONS nL8N1VB3RA, nL8N1VB0HI.  Full Article

Idea Bank Starts Restructuring Program
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Idea Bank SA ::HAS RESOLVED TO START RESTRUCTURING PROGRAM AFTER REPORTING PROFITABILITY RATIOS BELOW REQUIRED LEVEL AS OF JUNE 30, 2018 nFWN1W702S.RESTRUCTURING PROGRAM TO INCLUDE MEASURES AIMING AT IMPROVING PROFITABILITY AND FINANCIAL EFFICIENCY OF GROUP.PLANS TO UNDERTAKE RESTRUCTURING PROGRAM UNTIL 2020.UNDER RESTRUCTURING PROGRAM PLANS TO REDUCE COSTS, MODIFY ITS BALANCE SHEET STRUCTURE, REORGANISE SALES MODEL.UNDER RESTRUCTURING PROGRAM ALSO PLANS TO SELL SELECTED SHARES IN AFFILIATED UNITS (IDEA GETIN LEASING).  Full Article

Rates may stay frozen despite higher CPI-Polish c.bank

WARSAW, May 15 Even though inflation in Poland accelerated faster recently than analysts and the central bank had expected, there is no need to change interest rates until the end of the Monetary Policy Council's (MPC) term, governor Adam Glapinski said on Wednesday.