The value of assets managed by Poland's 13 mandatory open pension funds (OFEs) increased in November by 0.8% m/m to PLN 305.75bn (EUR 72.90bn) at the end of the month, according to the Polish Financial Supervision Authority (KNF). Ytd, these assets grew by 13.4%.
The number of OFE members rose to 16.377mn at the end of November from 16.380mn a month earlier and vs. 15.942mn at the end of 2012.
The OFE accounting unit's weighted average value was PLN 37.78 at the end of November vs. PLN 37.56 a month earlier and compared to PLN 34.39 at the end of 2012.
Alior Bank will pay out a dividend of PLN570mn (€122mn) from the profit generated in 2023, the Warsaw-listed lender said on February 28. The payout is in line with recommendations of the Polish ... more
The European Bank for Reconstruction and Development (EBRD) invested €20mn in debut Eurobonds issued by the state-controlled Bank Pekao, the second-largest Polish lender by assets, the EBRD said on ... more
PKO Bank Polski, along with three other banks, has entered into a consortium agreement with Great Wind, a subsidiary of the Polsat Plus Group, a media and entertainment company, to finance the ... more