Semi-Annual Report of PKO BP (Poland)

     PKO BP is Poland's largest bank. 

    The net profit of the PKO BP group in the second quarter of 2018 increased to PLN 933 million from PLN 857 million a year earlier - the bank reported in a semi-annual report. The bank's profit was in line with market expectations.

    Net profit in the second quarter increased by 9 percent year-over-year and 23 percent qoq.

    In the first half of 2018, the net profit amounted to PLN 1690 million, ie it increased 22.3%. yoy. Net ROE is 9.5 percent.

    The bank's net interest income in the second quarter amounted to PLN 2291 million and was in line with analysts' expectations. The interest income increased by 8 percent yoy and 3 percent qoq.

    The total capital ratio of the PKO BP group is 17,4%, and Tier 1 capital ratio is 16.12%.

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PKO BP provides services to individual and business clients. The core business activity of PKO Bank Polski is retail banking.

FTSE Russell: list of Polish companies

     FTSE Russell published the final list of 37 Polish companies that will be included in the developed markets indexes, after the September reclassification of the Polish market to the developed status.

    Below is a list of companies according to the size category assigned by FTSE Russell.

(large cap): PKO Bank Polski
(mid cap): PKN Orlen, Grupa Lotos, PGE, PGNiG, KGHM Polska, Bank Pekao, PZU, BZ WBK, mBank, LPP, Dino Polska, CD Projekt, Cyfrowy Polsat.
(small cap): Bank Millennium, AmRest Holdings, Bank Handlowy. JSW, Alior Bank, CCC, Play Communications, Orange Polska, Grupa Azoty, Enea, Tauron Polska Energia, Kernel Holding, Kruk, Asseco Poland, Budimex, Eurocash, Ciech, Energa, PKP Cargo, Lubelski Węgiel Bogdanka, GPW, Boryszew, Neuca.

    
     Reclassification of the Polish market to the status developed by FTSE Russell will come into force on 24 September.

    Poland's share in the Russell All Cap Developed FTSE index will amount to approximately 0.154 percent.