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Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna (P9O.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
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14.21+0.47 (+3.38%)
At close: 05:34PM CEST
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  • Reuters

    Poland's PKO BP profit hit by Swiss franc mortgages

    PKO BP reported a 60% drop in fourth-quarter net profit on Thursday as Poland's largest bank was hit by a 1.99 billion zloty ($504 million) provision for foreign exchange mortgage loans, sending its shares lower. Polish banks have benefited in recent years from high interest rates, but their earnings have been under pressure from costs related to historic Swiss franc mortgage loans. The fourth quarter provision at PKO BP raised the total hit taken by the state-owned bank for 2023 to 5.43 billion zlotys.

  • Reuters

    PKO BP's supervisory board appoints Szymon Midera as acting CEO

    The appointment follows Dariusz Szwed's resignation which was announced last week and became effective on Wednesday. Midera, who was at the helm of Bank Pocztowy for eight years until June 2016, will also be acting deputy CEO, alongside Maciej Cieslukowski and Marek Radzikowski.

  • Reuters

    CEO of Poland's biggest bank PKO BP steps down

    (Reuters) -PKO BP CEO Dariusz Szwed has stepped down, the bank said on Wednesday. Poland's largest lender did not provide reasons for the resignation, which takes effect on Feb. 14. Since his appointment in April last year, Szwed has been the fourth chief executive officer after the long-reigning Zbigniew Jagiello left the bank he had led for 12 years.