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Powszechna Kasa Oszczednosci Bank Polski SA (PKO.WA)

PKO.WA on Warsaw Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Poland's PKO BP likely to achieve strategy goals earlier than planned - CEO
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Powszechna Kasa Oszczednosci Bank Polski SA ::CEO of Poland's biggest bank PKO says next year the bank could achieve strategy goals which had been set for 2020..In 2016 the state-run bank said that it would achieve a return-on-equity (roe) of more than 10 percent by 2020 and that it will be able to pay dividends.."There is a chance next year that we will reach all parameters related to our strategy goal," PKO CEO Zbigniew Jagiello told a press conference on Tuesday..He added that the bank might set up new goals regarding economic indicators next year..PKO's CFO told the same conference that the bank meets all criteria to pay out dividend from 2018 profit..  Full Article

PKO BP Sells Its Entire stake in Ferrum
Thursday, 19 Jul 2018 

July 19 (Reuters) - FERRUM SA ::PKO BP <<>> SELLS ITS ENTIRE 9.38 PERCENT OF VOTES IN CO, FOLLOWING TENDER OFFER FOR CO SHARES ANNOUNCED BY WATCHET.WATCHET BOUGHT 9.5 MLN OF FERRUM SHARES IN THE TENDER OFFER L8N1UE341.  Full Article

Talex Signs 25.9 Mln Zloty Gross Deal With PKO BP
Wednesday, 4 Jul 2018 

July 4 (Reuters) - TALEX SA ::SIGNS 25.9 MILLION ZLOTY GROSS DEAL WITH PKO BP SA <<>> FOR IT SERVICES FOR 3 YEARS.  Full Article

Polish lender PKO eyes only big rivals for potential takeover - Puls Biznesu
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Powszechna Kasa Oszczednosci Bank Polski SA ::POLAND'S BIGGEST BANK PKO BP CEO ZBIGNIEW JAGIELLO TOLD PULS BIZNESU DAILY THAT CONSOLIDATION OF POLISH BANKING SECTOR WILL CONTINUE.PKO BP WOULD BE INTERESTED IN TAKING OVER ONLY BIG BANKS, WITH TOTAL ASSETS VALUE OF AT LEAST 100 BILLION ZLOTYS ($26.89 billion), JAGIELLO TOLD PULS BIZNESU IN AN INTERVIEW PUBLISHED ON TUESDAY.BUYING SMALLER BANKS WOULD NOT BE PROFITABLE FOR PKO BP, AS IT WOULD DELAY TECHNOLOGY DEVELOPMENT, JAGIELLO SAID."EXCEPT FOR THE FIRST FIVE BIGGEST BANKS ALL THE REMAINING ONES ARE TOO SMALL FOR US. WE WOULD BE READY TODAY TO TAKE A DECISION ABOUT A MERGER IF TOTAL ASSETS OF THE TARGETED BANK WOULD ACCOUNT FOR AT LEAST 30 PERCENT OF PKO' ASSETS, OR 100 BILLION ZLOTYS," JAGIELLO SAID. .  Full Article

CEO of Polish lender PKO BP says expects more bank mergers
Tuesday, 22 May 2018 

May 22 (Reuters) - Poland's biggest bank PKO BP (Powszechna Kasa Oszczednosci Bank Polski SA) said on Tuesday: :EXPECTS FURTHER BANKS CONSOLIDATION IN POLAND.CEO SAYS SEES NO BUSINESS RATIONALE FOR BANKS WITH ROE BELOW 5 PCT TO EXIST.CEO SAYS MAY LOOK AT OPPORTUNITIES FOR CONSOLIDATION IN CEE REGION."IF A GREAT OPPORTUNITY CAME UP IT WOULD BE A SIN NOT TO ANALYSE IT," THE CEO TOLD A NEWS CONFERENCE.  Full Article

KNF Recommends PKO Additional Capital Requirement
Monday, 18 Dec 2017 

Dec 18 (Reuters) - PKO BP ::SAID ON FRIDAY THAT THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) HAS RECOMMENDED THE BANK TO KEEP OWN FUNDS FOR ADDITIONAL CAPITAL REQUIREMENT IN RELATION TO THE RISK RESULTING FROM FX MORTGAGES AT 0.61 P.P. OVER THE AMOUNT OF TOTAL CAPITAL RATIO (TCR).IT SHOULD BE COVERED AT LEAST IN 75 PERCENT BY TIER 1 CAPITAL.THE BANK MEETS THE ABOVE REQUIREMENTS ON BOTH THE STANDALONE AND CONSOLIDATED LEVELS.THE REGULATOR HAS ALSO INFORMED ABOUT THE ADDITIONAL ADD-ON FOR PKO BP IN THE AMOUNT OF 2.86 P.P..THE ADD ON IS USED IN THE COMMERCIAL BANKS' DIVIDEND POLICY, MEASURING THE BANK'S SENSITIVITY TO AN UNFAVORABLE MACROECONOMIC SCENARIO.THE BANK HAS ALSO SAID THAT, ACCORDING TO ITS DATA AS OF SEPT. 30, IT MEETS ALL CRITERIA FOR PAYING OUT 75 PERCENT OF PROFITS IN DIVIDENDS FOR FY 2017, BEFORE FX CRITERIA .  Full Article

Polish bank PKO may spend a quarter of 2017 profit on dividends
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Powszechna Kasa Oszczednosci Bank Polski (PKO BP) ::Poland's top bank PKO BP <<>> says it may pay out up to 25 percent of its 2017 net profit in dividends after taking into account the financial regulator's new recommendations on dividends .Poland's financial market regulator KNF set new rules on Friday, which banks must meet before they can issue dividends for 2018 nL8N1NU1OE."... the bank meets the requirements to pay out dividends of up to 25 percent of the net profit for 2017," PKO said in a regulatory filing.The bank did not pay a dividend from its 2016 net profit, on the regulator's recommendation nFWN1JJ04X.  Full Article

Poland's PKO has capacity to pay out dividend - deputy CEO
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Powszechna Kasa Oszczednosci Bank Polski SA (PKO BP) :The solid fundamentals of Poland's top bank PKO BP likely give it the capacity to pay out a dividend, but the bank will follow the regulators recommendation with respect to a potential sharing of its profit, the bank's Deputy Chief Executive Piotr Mazur tells reporters."PKO BP has very solid fundamentals. This indicates that we could share our profit with shareholders. Of course, our decision and recommendation will be in line with the guidelines from (the financial regulator) KNF," he says."We hope that KNF is aware of this situation in the sector and perhaps will be more lenient in some areas," he says ‍​.  Full Article

Poland's PKO BP CFO hopes for more good quarters ahead
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Powszechna Kasa Oszczednosci Bank Polski SA (PKO BP) :Poland's top bank PKO BP is satisfied with its third-quarter net profit of 902 million zlotys ($248.28 million), the bank's Chief Financial Officer (CFO) Bartosz Drabikowski tells reporters."I think this is not the last such good quarter," he says‍​.  Full Article

PKO BP unit to issue covered bonds worth 500 mln zlotys
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - PKO Bank Hipoteczny::PKO Bank Hipoteczny says to issue zloty-denominated floating-rate covered bonds worth 500 million zlotys ($139 million)maturing on June 27, 2023.Bonds to be issued with spread of 60 basis points over the 3-month interbank lending rate WIBOR= that was set after a bookbuilding process concluded on Oct. 24, bank says.PKO Bank Hipoteczny is the biggest and most active issuer of covered bonds in Poland.The issue is the tenth conducted by the bank and the third this year. .Says value of outstanding covered bonds as of Sept. 29 was 8.37 billion euro.PKO Bank Hipoteczny's covered bonds are secured only by zloty-denominated housing loans.  Full Article