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Idea Bank SA (IDE.WA)

IDE.WA on Warsaw Stock Exchange

3.62PLN
18 Oct 2018
Change (% chg)

-0.16zł (-4.23%)
Prev Close
3.78zł
Open
3.70zł
Day's High
3.81zł
Day's Low
3.54zł
Volume
110,775
Avg. Vol
97,527
52-wk High
25.40zł
52-wk Low
3.10zł

Latest Key Developments (Source: Significant Developments)

Idea Sells 15% of Idea Getin Leasing To Leszek Czarnecki
Friday, 31 Aug 2018 

Sept 3 (Reuters) - IDEA BANK SA ::SAID ON FRIDAY THAT IT HAS SOLD 15 PERCENT OF IDEA GETIN LEASING SA FOR 75 MILLION ZLOTYS TO LESZEK CZARNECKI IN ORDER TO STRENGTHEN THE BANK'S CAPITAL POSITION .THE TRANSACTION WILL INCREASE Q3 CONSOLIDATED FINANCIAL GROSS RESULT BY 16.8 MILLION ZLOTYS.FOLLOWING THE TRANSACTION, ITS ESTIMATED TIER1 RATIO TO INCREASE BY 49 BPS AND TCR RATIO BY 50 BPS.  Full Article

Idea Bank Says Write-Downs And Provisions To Impact Its Q2 Result
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Idea Bank SA ::SAID ON FRIDAY THAT IT HAD CREATED PROVISIONS AND WRITE-DOWNS, WHICH WILL IMPACT ITS FINANCIAL RESULT FOR THE SECOND QUARTER AND PUSH ITS SOLVENCY RATIO BELOW THE REGULATORY LEVEL:.WRITE-DOWNS AMOUNTING TO ABOUT 46 ZLOTYS ARE RELATED TO LOSS OF VALUE OF EASYDEBT FUND, WHICH INVESTMENT CERTIFICATES ARE OWNED BY GETBACK.WRITE-DOWN RELATED TO ITS SUBSIDIARY TAX CARE, AMOUNTING TO ABOUT 144 MILLION ZLOTYS.PROVISION OF ABOUT 14 MILLION ZLOTYS FOR POSSIBLE CLAIM ARISING FROM THE BANK'S PARTICIPATION IN THE OFFERING OF GETBACK'S BONDS.PROVISION OF ABOUT 42 MILLION ZLOTYS RELATED TO RETURN OF COMMISSION ON INVESTMENT PRODUCTS WITH INSURANCE CAPITAL FUND.PROVISION OF ABOUT 72 MILLION ZLOTYS RELATED TO RETURN OF COMMISSION ON INSURANCE PRODUCTS CONNECTED TO CREDIT AGREEMENTS.SAID ALSO THAT IT HAD TO MAKE CORRECTIONS CHARGING ITS OWN CAPITALS AT ABOUT 145 MILLION ZLOTYS ON A CONSOLIDATED LEVEL .AS A RESULT OF WRITE-DOWN AND PROVISIONS ITS CONSOLIDATED CET 1 RATIO AT JUNE 30 IS SEEN AT 9.24% (VS MINIMUM REGULATORY LEVEL OF 9.375%).  Full Article

Idea Bank, Getin Noble To Analyse Possible Merger
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Idea Bank SA ::SAYS SIGNS AGREEMENT WITH GETIN NOBLE BANK ON COOPERATION FOR ANALYSIS AND PREPARING BANKS' MERGER.IF THE RESULTS OF THE ANALYSIS SHOW THE MERGER IS JUSTIFIABLE, THE BANKS WILL DETERMINE INITIAL FUNDAMENTAL TERMS OF THE MERGER AND RULES OF COOPERATION IN ITS PREPARING AND IMPLEMENTATION.  Full Article

Idea Bank: Leszek Czarnecki Considers Consolidation Of Idea Bank And Getin Noble Bank
Tuesday, 17 Jul 2018 

July 18 (Reuters) - IDEA BANK SA ::SAID ON TUESDAY THAT ITS MAJOR SHAREHOLDER, LESZEK CZARNECKI, IS CONSIDERING CONSOLIDATION OPTIONS INCLUDING IDEA BANK, GETIN NOBLE BANK <<>> (GNB)AND OTHER ENTITIES IN THE BANKS' CAPITAL GROUPS.SAYS THAT ACCORDING TO INFORMATION RECEIVED FROM SHAREHOLDER, THE MERGER OF BOTH BANKS MAY LEAD TO SIGNIFICANT COST AND SALES SYNERGIES AND STRENGTHEN THEIR FINANCIAL AND SALES POTENTIAL .IN NEAR FUTURE THE SHAREHOLDER INTENDS BOTH BANKS TO ANALYSE THE BENEFITS AND COSTS OF THE POTENTIAL MERGER AND TO AGREE ON A POSSIBLE SCHEDULE AND DETAILED STRUCTURE OF THE PROCESS.THE SHAREHOLDER ALSO DECLARED THAT POTENTIAL MERGER OF IDEA BANK AND GNB WILL NOT AFFECT THE GNB CAPITAL PROTECTION PLAN AGREED WITH THE FINANCIAL SUPERVISION AUTHORITY (KNF).AS PART OF RECAPITALISATION GUARANTEED BY THE SHAREHOLDER, HE DID NOT RULE OUT THE INTRODUCTION OF OTHER INVESTORS INTERESTED IN THE COMBINED ENTITY OF THE MERGED BANKS.  Full Article

Idea Bank Q1 Net Profit Down At 14.6 Million Zlotys
Tuesday, 15 May 2018 

May 15 (Reuters) - IDEA BANK SA ::Q1 NET INTEREST INCOME 138.0 MILLION ZLOTYS VERSUS 185.2 MILLION ZLOTYS YEAR AGO .Q1 NET PROFIT 14.6 MILLION ZLOTYS VERSUS 51.2 MILLION ZLOTYS YEAR AGO.Q1 NET FEE AND COMMISSION INCOME 49.8 MILLION ZLOTYS VERSUS 103.7 MILLION ZLOTYS YEAR AGO.  Full Article

Idea Bank: Idea Leasing signs merger plan with Getin Leasing
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - IDEA BANK SA ::ITS UNIT, IDEA LEASING SA, SIGNS MERGER PLAN WITH GETIN LEASING SA.COST SAVINGS FOR CO IN MEDIUM TERM CAN REACH ABOUT 25 MILLION ZLOTYS YEARLY DUE TO SYNERGY.REVENUE SYNERGIES FOR CO CAN AMOUNT TO ABOUT 3 MILLION ZLOTYS YEARLY.  Full Article

Idea Bank Q3 net profit up at 130.4 mln zlotys
Friday, 27 Oct 2017 

Oct 27(Reuters) - IDEA BANK SA ::REPORTED ON THURSDAY Q3 NET PROFIT 130.4 MILLION ZLOTYS VERSUS 47.1 MILLION ZLOTYS A YEAR AGO.Q3 NET FEE AND COMMISSION INCOME 100.7 MILLION ZLOTYS VERSUS 93.4 MILLION ZLOTYS A YEAR AGO.Q3 NET INTEREST INCOME 169.0 MILLION ZLOTYS VERSUS 171.0 MILLION ZLOTYS A YEAR AGO.  Full Article

Idea Bank Q3 result to be lower by 20 mln zlotys due to write down
Friday, 20 Oct 2017 

Oct 20 (Reuters) - IDEA BANK SA ::PLANS TO MAKE WRITE DOWN ON INVESTMENT RELATED TO ITS UNIT THAT WILL LOWER CO'S Q3 RESULT BY 20 MILLION ZLOTYS.  Full Article

Poland's Pekao CEO says 2018 profit to be spent on dividend - Parkiet

WARSAW, Sept 25 Bank Pekao, Poland's second-biggest lender, plans to spend all of this year's profit on dividend payout next year, the state-run bank's Chief Executive Michal Krupinski told Parkiet daily in an interview published on Tuesday.