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Poland

Bank Pekao takes next step in consolidating its leasing...

Bank Pekao has increased the capital of Leasing Fabryczny by zl. 15.7 million (US$4.2m), which now stands at zl. 28.1 million (US$7.4m). The bank did this through a transfer of shares from another Pekao-controlled company from the sector - Pekao...

Erste Bank considers bank takeover in southern Poland

Erste Bank is considering a takeover of a Polish bank with a good position in the southern parts of the…

#bank#financial services#poland


KBC raises stake in insurer Warta

Belgian KBC Insurance raised its stake in Polish insurer Warta from 40.03% to 51.03%. The increase in the shareholding fits…

#bank#insurance#KBC


Leading economic experts speak on the impact of next...

Next year will see a cut in the corporate income tax (CIT) from 27 per cent to 19 per cent,…

#bank#CIT#insolvency


Poland entices banks to finance EU programmes for SMEs

Poland has lured the nation's banks to finance pre-payments on EU programmes in return for a series of key legal…

#bank#banks#guarantees


Minister confirms that PKO BP-PZU capital merger is on

State Treasury Minister, Piotr Czyїewski, has confirmed earlier rumours in the press concerning plans for a capital merger between the…

#bank#insurance


Monetary Policy Council cuts mandatory reserve rate to 3.5%

The Monetary Policy Council (MPC) has cut banks' mandatory reserve level from 4.5% to 3.5%. The reduction of mandatory reserves…


Poland sees US$ 2.53 bn in FDI

Poland saw foreign direct investment (FDI) of US$ 2.53 bn in the first half of 2003 against US$ 3.2 bn…


World Bank study at odds with FDI Confidence Index

Poland has jumped up the world league of countries that are attractive to foreign direct investment (FDI), according to AT…

#bank#bankruptcy#investment


Global FDI confidence index shows Poland in 4th place

According to a report from global consulting company A.T. Kearney on the FDI (foreign direct investment) confidence index, the most…

#investment#investments#poland


HSBC faces uphill battle on local market

HSBC Bank Polska, the local subsidiary of the world's second-largest banking company, faces a number of tough hurdles in the…


Prime Minister vows to put in place 19% tax...

Polish Prime Minister Leszek Miller voiced his full support for a business lobby initiative to reduce the income tax on…

#Bill#small business#small businesses

Survey of bank use by SMEs reveals credit expensive...

The Warsaw Banking Institute (WIB) and the CBM Indicator brokerage undertook a survey of bank use among small- and medium-sized…

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