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Bank Pekao S.A.: double-digit net profit growth supported by strong commercial revenues
Consolidated, recurring net income in Q2 2019 – excluding employment restructuring, the voluntary retirement program costs and the Bank Guarantee Fund (BFG) contributions – increased by 11% y/y thanks to double-digit growth in core commercial revenues as well as continued cost discipline. ...
Bank Pekao report: Why will the Polish M&A market be growing more important?
Increasing activity of Private Equity funds will be key to the growth of the mergers and acquisitions (M&A) market in Poland. Polish companies face an era of integration with other entities from both Poland and the CEE region. ...
Bank Pekao SA: strong growth of operating results supported by the highest growth dynamic in retail banking. Positive impact of ongoing digital transformation on the operational effectiveness of the Bank
Net profit of Bank Pekao in Q1 2019 excluding regulatory charges rose by nearly 14 %, thanks to strong commercial activity in all segments and ongoing cost discipline. Commercial growth was powered by retail banking, which accelerated revenue growth to the highest level in decade Reported net result at PLN 242m was lower due to PLN 200m y/y increase in the Bank Guarantee Fund...
Financial Results of Bank Pekao S.A. for the first half of 2018. Consistent execution of the strategy in all segments translates into better results and dynamic growth
Consolidated net income of Bank Pekao S.A. for the first half of 2018 amounted to PLN 932,1 m, increase of +7.3%[1] y/ y and translates into increase in RoE by 24bps y/ y to 8.2% Operating income from commercial bank[2] grew in 1H’18 by 9% y/ y Increase in net interest income in 1H’18 to PLN 2,441m, +8.4% y/ y coupled with an expansion of net interest margin by + 5bps y/ y...
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