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Bank Polska Kasa Opieki SA (PEO.WA)

PEO.WA on Warsaw Stock Exchange

101.00PLN
16 Nov 2018
Change (% chg)

-3.90zł (-3.72%)
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Latest Key Developments (Source: Significant Developments)

Stress Test Results Show High Resilience Of PKO BP, PEKAO - KNF
Monday, 5 Nov 2018 02:45am EST 

Nov 5 (Reuters) - BANK POLSKA KASA OPIEKI SA (PKO BP) AND POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI SA (PEKAO)::THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) SAID ON FRIDAY THAT PKO BP <<>> AND PEKAO SA <<>> HAVE SHOWN HIGH RESILIENCE IN THE EUROPEAN BANKING AUTHORITY (EBA) STRESS TESTS.THIS YEAR STRESS TESTS WERE CONDUCTED ON 48 EUROPEAN BANKS COVERING BROADLY 70 PERCENT OF TOTAL EU BANKING SECTOR ASSETS WITHIN THE EUROPEAN UNION AND NORWAY.PKO BP SAID IN A SEPARATE STATEMENT THAT ACCORDING TO EBA'S STRESS TESTING, BANK'S CONSOLIDATED CET1 RATIO WOULD BE AT 17.39 PERCENT IN 2020 UNDER THE BASELINE SCENARIO AND AT 15.93 PERCENT UNDER THE ADVERSE SCENARIO (VERSUS 16.50 PERCENT IN 2017).ITS CONSOLIDATED CET1 RATIO, REFLECTING THE FULL CRR/CRD AND IFRS9 EFFECT, WOULD BE AT 16.89 PERCENT AND 15.62 PERCENT RESPECTIVELY IN 2020 (VERSUS 15.91% IN 2017).PEKAO SAID IN A SEPARATE STATEMENT THAT ACCORDING TO EBA'S STRESS TESTING, BANK'S CET1 RATIO WOULD BE AT 16.50% UNDER THE BASELINE SCENARIO IN 2020 AND AT 15.47% UNDER THE ADVERSE SCENARIO.ITS CONSOLIDATED CET1 RATIO, REFLECTING THE FULL IFRS9 EFFECT, WOULD BE AT 16.14% AND 14.55% RESPECTIVELY .  Full Article

Pekao: KNF Allows To Include Series C Bonds To Bank's Tier II Ratio
Friday, 26 Oct 2018 08:42am EDT 

Oct 26 (Reuters) - BANK POLSKA KASA OPIEKI SA ::SAYS POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) ALLOWS TO INCLUDE 400 SERIES C BONDS OF TOTAL NOMINAL VALUE OF 200 MILLION ZLOTYS TO BANK'S TIER II RATIO.SAYS TOGETHER WITH SERIES C BONDS CO ISSUED SERIES B BONDS OF TOTAL NOMINAL VALUE OF 550 MLN ZLOTYS .SAYS BANK'S REQUEST TO THE KNF REGARDING ACCEPTANCE SERIES B BONDS AS INSTRUMENTS IN BANK'S TIER II CAPITAL IS UNDER CONSIDERATION.EARLIER IN OCT. BANK INFORMED ABOUT ITS RESOLUTION TO ISSUE SERIES B AND C OF SUBORDINATED BONDS WITH TOTAL NOMINAL VALUE OF 750 MLN ZLOTYS nL8N1WL0HB.  Full Article

Milkiland Signs Debt Restructuring Agreements
Tuesday, 11 Sep 2018 07:56am EDT 

Sept 11 (Reuters) - MILKILAND NV ::MILKILAND N.V. - SIGNING THE DEBT RESTRUCTURING AGREEMENTS WITH PEKAO BANK SA <<>> AND PEKAO LEASING.SIGNS AMENDMENT AGREEMENT WITH PEKAO BANK TO REVOLVING CREDIT FACILITY AGREEMENT AND OVERDRAFT CREDIT FACILITY AGREEMENT IN TOTAL AMOUNT OF 4.87 MILLION ZLOTYS.PARTIES AGREED THAT FINAL REPAYMENT OF INDEBTEDNESS SHALL BE MADE ON 31 JULY 2019.THE BORROWER ALSO TOOK THE OBLIGATION TO SELL THE NON CORE ASSETS IN THE SUM OF UP TO 509 MILLION ZLOTYS UNTIL 31 MARCH 2019 AND ALLOCATE THE OBTAINED PROCEEDINGS FOR THE REPAYMENT TO THE BANK.DURING OF THE TERM OF THE AMENDMENT AGREEMENT, THE BANK TOOK THE OBLIGATION TO REFRAIN FROM DEBT ENFORCEMENT PROCEDURES.ALSO SIGNS ANOTHER AMENDMENT TO AGREEMENT WITH PEKAO LEASING ON RESTRUCTURING OF INDEBTEDNESS IN TOTAL AMOUNT OF 6.4 MILLION ZLOTYS.PARTIES AGREED THAT FINAL REPAYMENT OF INDEBTEDNESS SHALL BE MADE ON 31 DECEMBER 2019.AGREEMENTS WERE SIGNED BY THE FOLLOWING PARTIES: PEKAO BANK SA (BANK), PEKAO LEASING (BANK'S UNIT), OSTROWIA SP. Z.O.O. (THE BORROWER AND CO SUBSIDIARY), MILKILAND EU AND UA TRADE (CO'S SUBSIDIARIES) AND THE COMPANY.  Full Article

Bank Pekao Has OSII Buffer Increased To 0.75%
Tuesday, 31 Jul 2018 03:58pm EDT 

Aug 1 (Reuters) - BANK PEKAO ::SAID ON TUESDAY THAT THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) IMPOSED ON THE BANK A BUFFER OF OTHER SYSTEMICALLY IMPORTANT INSTITUTION (OSII) EQUIVALENT TO 0.75 PERCENT OF THE TOTAL RISK EXPOSURE AMOUNT.THE PREVIOUS VALUE OF THE BUFFER IMPOSED ON THE BANK WAS EQUIVALENT TO 0.50 PERCENT OF THE TOTAL RISK EXPOSURE AMOUNT.  Full Article

Bank Pekao says regulator gives green light to 2017 dividend
Monday, 19 Mar 2018 09:02am EDT 

March 19 (Reuters) - Bank Polska Kasa Opieki SA (Bank Pekao SA) ::POLAND'S BANK PEKAO SAYS THAT FINANCIAL REGULATOR (KNF) ALLOWED IT TO PAY OUT UP TO 100 PERCENT OF 2017 PROFIT IN DIVIDEND.  Full Article

Poland's Bank Pekao says plans dividend of 7.9 zloty per share
Monday, 19 Mar 2018 09:02am EDT 

March 29 (Reuters) - Bank Polska Kasa Opieki SA (Bank Pekao SA) ::Poland's Bank Pekao says it plans to pay out a dividend of 7.9 zloty ($2.31) per share or 99.3 percent of its 2017 unconsolidated net profit.The total amount of the dividend will be 2.074 billion zloty.The planned dividend record date will be July 6, while the actual pay out will be conducted on July 20.A year earlier dividend amounted to 8.68 zloty per share..  Full Article

APN Promise signs deal with Bank PKO for 11.9 mln euros net
Friday, 30 Jun 2017 02:51am EDT 

June 30 (Reuters) - APN PROMISE SA ::SAID ON THURSDAY THAT IT SIGNED WITH BANK POLSKA KASA OPIEKI SA PEO.WA DEAL FOR DELIVERY OF MICROSOFT PRODUCTS.THE DEAL IS WORTH 11.9 MILLION EUROS NET AND HAS BEEN SIGNED FOR 3 YEARS.  Full Article

UniCredit completes sale of minority stake in Bank Pekao
Wednesday, 7 Jun 2017 04:37am EDT 

June 7 (Reuters) - Italian bank UniCredit says::has completed the disposal of a 32.8 percent stake in Bank Pekao to Poland's PZU and PFR for 10.6 billion zlotys.term and conditions of the transaction, as announced on Dec. 8, 2016, remain unchanged .the sale will generate a capital benefit of 70 basis pints on its CET1 ratio fully loaded .  Full Article

Pekao CEO says aims at 2017 net profit close to 2016
Wednesday, 10 May 2017 04:56am EDT 

May 10 (Reuters) - Bank Polska Kasa Opieki SA (Bank Pekao) :Chief Executive of Poland's second-largest bank, Bank Pekao, says aims to achieve in 2017 a net profit at a level close to that from 2016 when it stood at 2.28 billion zlotys."Our aim is a result at the end of the year that is close to that from last year," Luigi Lovaglio tells reporters, adding the profit could be slightly lower.  Full Article

UniCredit completes placement of Pekao equity-linked instruments
Thursday, 8 Dec 2016 12:28pm EST 

Italy's UniCredit says: successfully ended placement of equity-linked certificates on Pekao shares .total aggregate value of offer is around 500 million euros.  Full Article

REFILE-UPDATE 1-Credit Agricole says no plans to sell Polish banking unit

PARIS, July 4 Credit Agricole SA said on Wednesday it does not intend to sell its banking unit in Poland after two sources in Warsaw said the French bank believed it lacked the necessary size to compete with larger local players.