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Profits down for Polish banks, but surge in third quarter
The net profits of Poland’s banking sector fell 7.1% year on year between January and September to PLN 10.55 billion.
Bank Chief Executive dismissed
The supervisory board at Poland's Bank Pekao on Wednesday dismissed its CEO Luigi Lovaglio days after Italy’s UniCredit sold a minority stock in the bank to a state-run consortium.
Polish insurer PZU buys 32.8% stake in Bank Pekao
State-run insurer PZU said that it and the Polish Development Fund (PFR) on Wednesday finalized the purchase of a 32.8 percent stake in Poland-based Bank Pekao for PLN 10.6 billion.
New crackdown on tax cheats could save Poland billions: finance ministry
Proposed new laws to crack down on tax cheats targeting the finance sector could inject PLN 32 billion (EUR 7.5 billion) into the Polish budget over 10 years, the finance ministry has said.
Poles own some 33 mln online bank accounts: report
Poles have more than 33 million online bank accounts, according to the Polish Bank Association (ZBP), the IAR news agency has said.
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