Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Warsaw Stock Exchange  >  Powszechna Kasa Oszczednosci Bk Plski SA    PKO   PLPKO0000016

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

PKO Bank Polski SA : Poland PKO BP Fourth-Quarter Profit Boosted by Sale of Subsidiary

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/10/2014 | 08:44am CEST

By Patryk Wasilewski

WARSAW--Poland's largest lender by assets Powszechna Kasa Oszczednosci Bank Polski SA (PKO.WA) reported Monday a higher than expected 8.6% rise in net profit boosted by a one-off sale of its credit card transaction clearance subsidiary.

Earnings in the last three months of 2013 rose to 939 million zlotys ($310 million) according to The Wall Street Journal calculations from PLN865 million a year earlier. Analysts expected the net profit to be PLN889 million.

The lender only provides full-year financial results and 12-month earnings dropped to PLN3.23 billion from PLN3.74 billion a year earlier.

PKO BP's net interest income between October and December was under pressure from the all-time low benchmark interest rates, down 9.2% annually to PLN1.88 billion and slightly above analysts' forecasts.

In other areas the lender underperformed market expectations with net fees and commissions up only 0.3% to PLN655 million, significantly below PLN825 million seen by analysts. Provisions for non-performing loans also rose in the last quarter of 2013 reaching PLN683 million, above PLN604 million expected by the market watchers.

Write to Patryk Wasilewski at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on POWSZECHNA KASA OSZCZEDNOS
05/18POWSZECHNA KASA OSZCZEDNOSCI BK PLSK : Report No. 18/2018 – Resolutions ad..
PU
05/18POWSZECHNA KASA OSZCZEDNOSCI BK PLSK : quaterly earnings release
05/16POWSZECHNA KASA OSZCZEDNOSCI BK PLSK : Current Report No. 17/2018 – Submis..
PU
05/14POWSZECHNA KASA OSZCZEDNOSCI BK PLSK : Report No. 16/2018 – Resignation of..
PU
05/10CURRENT REPORT 15/2018 – CHANG : consolidated quarterly report for the 1st..
PU
04/24POWSZECHNA KASA OSZCZEDNOSCI BK PLSK : Report No. 14/2018 – Impact of the ..
PU
04/19POWSZECHNA KASA OSZCZEDNOSCI BK PLSK : Report No. 13/2018 - Termination of a gua..
PU
04/19POWSZECHNA KASA OSZCZEDNOSCI BK PLSK : Current report No. 12/2018 – Conven..
PU
04/19POWSZECHNA KASA OSZCZEDNOSCI BK PLSK : Report No. 11/2018 – The PKO Bank P..
PU
03/19Poland's PKO aims to meet 2018 net profit expectations - CEO
RE
More news
News from SeekingAlpha
02/17RAIFFEISEN : Business Transformation Isn't Fully Reflected On Valuation 
2017PKO Bank Polski Likely To Benefit From Increased Regulatory Certainty 
2016Invest In Poland's GDP Growth Through ETFs 
2015Investing With Polish ETFs 
2015Polish Presidential Elections Offer A Good Opportunity To Buy PKO BP 
Financials ( PLN)
Sales 2018 13 227 M
EBIT 2018 6 902 M
Net income 2018 3 453 M
Debt 2018 -
Yield 2018 2,46%
P/E ratio 2018 14,61
P/E ratio 2019 12,59
Capi. / Sales 2018 3,80x
Capi. / Sales 2019 3,54x
Capitalization 50 313 M
Chart POWSZECHNA KASA OSZCZEDNOS
Duration : Period :
Powszechna Kasa Oszczednos Technical Analysis Chart | PKO | PLPKO0000016 | 4-Traders
Technical analysis trends POWSZECHNA KASA OSZCZEDNOS
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 40,6  PLN
Spread / Average Target 0,87%
EPS Revisions
Managers
NameTitle
Zbigniew Stefan Jagiello Chairman-Management Board
Piotr Sadownik Chairman-Supervisory Board
Mieczyslaw Krol Director-Insurance Banking & Operations
Rafal Kozlowski Director-Finance & Accounting
Adam Marciniak Director-Information Technology