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Polish regulator asks 3 local lenders to hold onto 2016 profits

Mar 14, 2017 - SNL European Financials Daily

Poland's Financial Supervision Authority recommended that PKO Bank Polski SA, Bank Zachodni WBK SA and Bank BG BNP Paribas SA retain their entire 2016 profits in order to increase their funds.

Bank Zachodni's CEO Micha Gajewski already said in January the lender was unlikely to pay out dividends on its 2016 profit. PKO Bank CEO Zbigniew Jagie o said earlier in March the bank would strive to meet FSA's capital requirements to be able to pay dividends on its 2016 profit, news agency PAP n...