August 31, 2016 10:53 AM ET

Banks

Company Overview of Bank Zachodni WBK S.A.

Company Overview

Bank Zachodni WBK S.A., together with its subsidiaries, provides various banking products and services. The company’s Retail Banking segment provides personal and current accounts, savings products, consumer and mortgage loans, credit and debit cards, insurance and investment products, clearing services, foreign payments, Western Union, and private-banking services, as well as GSM phones top-ups for personal customers. It also offers lending, deposits, cash management services, leasing, factoring, letters of credit, guarantees, and others for small and medium companies; asset management services; and insourcing services to retail customers. Its Business & Corporate Banking segment offers dep...

Rynek 9/11

Wroclaw,  50-950

Poland

Founded in 1989

13,937 Employees

Phone:

48 71 370 1000

Key Executives for Bank Zachodni WBK S.A.

Head of Technology Division and Member of Management Board
Total Annual Compensation: 496.5K
Member of Management Board
Total Annual Compensation: 1.2M
Member of Management Board
Age: 50
Total Annual Compensation: 1.1M
Member of Management Board
Age: 50
Total Annual Compensation: 1.0M
Member of Management Board
Total Annual Compensation: 1.0M
Compensation as of Fiscal Year 2015.

Bank Zachodni WBK S.A. Key Developments

Bank Zachodni WBK S.A. Appoints Michal Gajewski to the Management Board President

Bank Zachodni WBK S.A. has advised that, on 9 August 2016 the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) approved appointment of Mr. Michal Gajewski to the position of the Bank's Management Board President. The appointment of Mr. Michal Gajewski becomes effective as of the day when his current employment conditions have been concluded.

Bank Zachodni WBK S.A. Approves Appointment of Micha‚ Gajewski to the Position of the its Management Board President

Bank Zachodni WBK S.A. approved appointment of Mr. Micha‚ Gajewski to the position of the Bank's Management Board President. The appointment of Mr. Micha‚ Gajewski becomes effective as of the day when his current employment conditions have been concluded.

Bank Zachodni WBK S.A. Announces Unconsolidated Earnings Results for the Second Quarter Ended June 30, 2016; Reports Impairments Losses on Loans and Advances for the Second Quarter Ended June 30, 2016

Bank Zachodni WBK S.A. announced unconsolidated earnings results for the second quarter ended June 30, 2016. For the quarter, the company reported net interest income of PLN 839,262,000 compared with PLN 748,978,000 for the same period a year ago. Operating profit was PLN 1,208,218,000 compared with PLN 546,686,000 for the same period a year ago. Profit before tax was PLN 1,110,622,000 compared with PLN 546,686,000 for the same period a year ago. Profit for the period was PLN 918,769,000 compared with PLN 460,661,000 for the same period a year ago. Diluted earnings per share were PLN 9.25 against PLN 4.64 a year ago. For the first half year, the company reported net interest income of PLN 1,661,623,000 against PLN 1,512,402,000 a year ago. Operating profit was PLN 1,827,668,000 compared with PLN 1,416,609,000 for the same period a year ago. Profit before tax was PLN 1,668,079,000 compared with PLN 1,416,609,000 for the same period a year ago. Profit for the period was PLN 1,377,027,000 compared with PLN 1,170,519,000 for the same period a year ago. Diluted earnings per share were PLN 13.87 against PLN 11.79 a year ago. Net cash flow from operating activities was PLN 4,539,864,000 against PLN 3,041,527,000 a year ago. Purchase of intangible assets and property, plant and equipment was PLN 48,960,000 against PLN 51,137,000 a year ago. For the quarter, the company reported impairments losses on loans and advances of PLN 131,848,000 against PLN 161,132,000 a year ago.

Similar Private Companies By Industry

Company Name Region
Bank Gospodarstwa Krajowego Europe
Bank Polskiej Spóldzielczosci S.A. Europe
Bank Przemyslowy Europe
Bank Spoldzielczy w Brodnicy Europe
Bank Spoldzielczy w Ostrowi Mazowieckiej Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 29, 2016
Bank Zachodni WBK, Three Portfolios of Liabilities
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Bank Zachodni WBK S.A., please visit www.bzwbk.pl. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.