September 24, 2016 5:53 PM ET

Banks

Company Overview of Bank BPH SA

Company Overview

Bank BPH SA provides a range of banking products and services to individuals, small and medium enterprises, and corporate clients primarily in Poland. The company engages in receiving financial deposits, maintaining bank accounts, granting loans, executing bank monetary payments, and conducting banking activities. It operates through Retail Banking, Commercial Banking, and Assets & Liabilities Management and Other segments. The Retail Banking segment offers consumer loans, current account overdrafts and credit card limits, and mortgage loans; deposits, including saving products and sale of investment products, such as investment funds, structured products, and brokerage; and a range of curre...

ul. Towarowa 25A

Warsaw,  00-958

Poland

Phone:

58 300 70 01

Fax:

58 300 76 85

Key Executives for Bank BPH SA

President of the Management Board and Chief Executive Officer
Age: 51
Total Annual Compensation: 2.9M
Deputy President of the Management Board - Finance Division
Total Annual Compensation: 1.0M
Deputy President of the Management Board, and Executive Director of the IT Division
Total Annual Compensation: 982.1K
Chief Risk Officer and Deputy President of The Board of Risk Management Division
Total Annual Compensation: 294.5K
Deputy President of the Management Board - Legal and Corporate Relations Division
Total Annual Compensation: 645.5K
Compensation as of Fiscal Year 2015.

Bank BPH SA Key Developments

Warsaw Stock Exchange Decides To Suspend All Trade In BPH Shares

Alior Bank has announced a compulsory buyout of Bank BPH shares from minority shareholders. The transaction concerns a total of 442,923 shares that constitute 0.58 percent of BPH's capital. At PLN31.19 a piece, the buyout will take place on 23 September. At the moment, Alior Bank and GE Capital together control 99.4% of votes on BHP's shareholders meeting. Alior's bid for the minority shareholders' shares is part of a transaction aimed at acquiring BPH's core business, minus its mortgage portfolio and BPH TFI. The transaction should also help Alior reach its objective of becoming one of Poland's five or six biggest banks in the next few years. The transaction will probably be finalised in the fourth quarter of this year. With regard to the news of the compulsory buyout, the managing board of the Warsaw Stock Exchange decided to suspend all trade in BPH shares as of 20 September.

Bank BPH Announces Management Changes

Bank BPH named deputy CEO Grzegorz Jurczyk as replacement for the to-date CEO Richard Gaskin, who announced a conditional resignation along with five other management board members. Gaskin will step down upon completion of the demerger of BPH (in relation to its purchase by Alior Bank) and when the financial regulator approves the appointment of the new CEO. If the conditions for Gaskin's resignation are not met by the time his current term of office expires. Five other management board members who filed their resignations are: Grazyna Utrata, Andras Bende, Mariusz Kostera, Mariusz Bondarczuk and Krzysztof Nowaczewski.

Bank BPH SA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Impairment Charges for the Second Quarter Ended June 30, 2016

Bank BPH SA reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported interest income of PLN 54,678,000 against PLN 54,709,000 a year ago. Net interest income was PLN 38,054,000 against PLN 41,909,000 a year ago. Profit before income tax from continued operations was PLN 18,309,000 against PLN 47,489,000 a year ago. Profit for the period from continued operations was PLN 18,309,000 or PLN 0.24 per diluted share against PLN 39,124,000 or PLN 0.51 per diluted share a year ago. Profit for the period from continued operations and discontinued operations was PLN 75,027,000 or PLN 0.98 per diluted share against PLN 20,204,000 or PLN 0.26 per diluted share a year ago. For the six months, the company reported interest income of PLN 112,112,000 against PLN 136,535,000 a year ago. Net interest income was PLN 79,914,000 against PLN 92,210,000 a year ago. Loss before income tax from continued operations was PLN 8,543,000 against profit before income tax from continued operations of PLN 36,573,000 a year ago. Loss for the period from continued operations was PLN 93,209,000 or PLN 1.22 per diluted share against profit for the period from continued operations of PLN 30,686,000 or PLN 0.40 per diluted share a year ago. Loss for the period from continued operations and discontinued operations was PLN 321,508,000 or PLN 4.20 per diluted share against profit for the period from continued operations and discontinued operations of PLN 30,284,000 or PLN 0.39 per diluted share a year ago. Net cash used in operating activities ­ continued and discontinued operations, incl. was PLN 547,068,000 against net cash flows from operating activities ­ continued and discontinued operations, incl. of PLN 536,861,000 a year ago. Purchase of property and equipment and intangible assets was PLN 36,546,000 against PLN 43,650,000 a year ago. For the quarter, the company reported impairment charges of PLN 9,817,000 against PLN 7,914,000 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 1, 2016
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