Bank Zachodni WBK S.A., together with its subsidiaries, provides various banking products and services. The company’s Retail Banking segment provides 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. This segment 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 deposits, lending, cash ...
Founded in 1989
Bank Zachodni Wbk S.A. Reports Earnings Results for the First Quarter of 2018; Provides Impairment Results for the First Quarter of 2018
Apr 24 18
Bank Zachodni WBK S.A. reported earnings results for the first quarter of 2018. For the quarter, the company posted PLN 438.7 million attributable net profit. Net interest income was PLN 1,389.8 million and net fee earnings were PLN 515.5 million.
For the first quarter, the company reported impairment of PLN 223.0 million.
Bank Zachodni Wbk S.A. Reports Consolidated and Company Earnings Results for the First Quarter Ended March 31, 2018
Apr 24 18
Bank Zachodni WBK S.A. reported consolidated and company earnings results for the first quarter ended March 31, 2018. For the quarter, on consolidated basis, net interest income was PLN 1,389,826,000 against PLN 1,253,996,000 a year ago. Profit before tax was PLN 712,684,000 against PLN 740,028,000 a year ago. Net profit for the period attributable to owners of BZ WBK S.A. was PLN 438,734,000 against PLN 453,044,000 a year ago. Net earnings per diluted share were PLN 4.41 against PLN 4.56 a year ago. Net book value per share was PLN 239.25. Net cash flow from operating activities was PLN 1,840,483,000 against net cash used in operating activities of PLN 5,551,514,000 a year ago. Purchase of intangible assets and property, plant and equipment was PLN 75,217,000 against PLN 25,137,000 a year ago.
For the quarter, on company basis, net interest income was PLN 986,964,000 against PLN 902,101,000 a year ago. Profit before tax was PLN 403,089,000 against PLN 511,796,000 a year ago. Profit for the period was PLN 280,852,000 against PLN 353,952,000 a year ago. Net earnings per diluted share were PLN 2.83 against PLN 3.57 a year ago. Net book value per share was PLN 211.70. Net cash flow from operating activities was PLN 2,147,869,000 against net cash used in operating activities of PLN 5,037,281,000 a year ago. Purchase of intangible assets and property, plant and equipment was PLN 56,284,000 against PLN 12,856,000 a year ago.
Bank Zachodni WBK S.A., Annual General Meeting, May 16, 2018
Apr 19 18
Bank Zachodni WBK S.A., Annual General Meeting, May 16, 2018, at 09:30 Central European Standard Time. Location: Atrium I Building at Jana Pawla II 17 Avenue, conference room on the ground floor Warsaw Poland Agenda: To review and approve the Bank's Zachodni WBK S.A. financial statements for 2017; to review and approve the consolidated financial statements of the company for 2017; to review and approve the Management Board's report on the company activities in 2017 and the Management Board's report on the BZ WBK Group activities in 2017; to adopt the resolutions on distribution of profit, the dividend day and dividend payment date; to give discharge to the members of the Bank Zachodni WBK S.A. Management Board; to amend the Bank's Statute; to change of the Bank's name and the registered office and amendments to the Bank's Statute; and to transact other matters.