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Bank Pekao S.A. records double-digit recurring net profit growth in Q3 2019
Consolidated, recurring net income in Q3 2019 – excluding one-off provision linked to the European Court of Justice ruling on cash loans – recorded another quarter of double-digit increase. The reported net income rose in June-September period by more than 8% to PLN 656m in Q3 2019 from PLN 606m in Q3 2018, with an increase in quarterly ROE to 11.7%. ...
Report of Bank Pekao S.A. at CEO Summit 2019: “Is Poland ready to grow global champions?”
Over the past decade, Poland has advanced to the world’s top league of exporters. Amid growing structural and geopolitical challenges, maintaining the current pace of expansion will, however, require a joint and concerted effort of companies, the state and the financial sector, according to a report presented by Bank Pekao during the CEO Summit conference. ...
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. ...
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