Banks report record results, shares fail to jump

APA - Austria Presse Agentur
opublikowano: 17-02-2006, 17:11

Warsaw (Puls Biznesu) – Poland’s biggest banks, including PKO BP, ING BSK and Kredyt Bank hit records in 2005. Investors did not react.

Warsaw (Puls Biznesu) – Poland’s biggest banks, including PKO BP, ING BSK and Kredyt Bank hit records in 2005. Investors did not react.

PKO BP reported net income of PLN 1.8 billion (EUR 475.2m), or 17 percent more than in 2004. This is going to be the best result among all Polish banks.

“This year, we also want to have a double-digit income growth although it gets more and more difficult”, Kazimierz Malecki, PKO BP deputy CEO said.

The bank will spend 20-40 percent of income to pay out dividend. It will be more only if PKO BP fails to find an acquisition target.

“We are interested in several Central and Eastern European banks. We have PLN 3.5 billion for investment”, Kazimierz Malecki explained.

The stock fell yesterday 1.4 percent.

ING BSK had PLN 549.3m of net income last year, or 39 percent more than in 2004. It may pay out the whole income as dividend. The company wants to develop mainly through mortgage loans. Yesterday, its shares remained unchanged. Kredyt Bank had PLN 416m of net income last year, or 165 percent more than a year earlier. However, nearly half of the income was generated thanks to exceptional items. The bank is not sure whether it will pay out a dividend. The shares rose slightly yesterday.

(PLN 1 = EUR 0.264)

 

© ℗
Rozpowszechnianie niniejszego artykułu możliwe jest tylko i wyłącznie zgodnie z postanowieniami „Regulaminu korzystania z artykułów prasowych” i po wcześniejszym uiszczeniu należności, zgodnie z cennikiem.

Podpis: APA - Austria Presse Agentur

Być może zainteresuje Cię też:

Polecane