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Search resuls for: "Santander Bank Polska"


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The Polish unit of Spain's Santander (Santander Bank Polska) logo is pictured in Warsaw, Poland, May 10, 2021. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsMADRID, Oct 30 (Reuters) - Spain's Santander (SAN.MC) is planning to sell toxic real estate assets with a nominal value of up to 5 billion euros ($5.28 billion), Spanish daily Cinco Dias reported on Monday. Cinco Dias did not mention the price or potential discount on the sale of the assets, while Santander declined to comment. Spanish banks were very active in the past in shedding real estate assets that went sour in the economic slump that followed the bursting of the country's real estate bubble at the end of 2007. ($1 = 0.9469 euros)Reporting by Jesús Aguado, editing by Inti Landauro and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Kacper, Cinco Dias, Jesús Aguado, Inti Landauro, Kim Coghill Organizations: Spain's Santander, Santander Bank Polska, REUTERS, Rights, Santander, Thomson Locations: Warsaw, Poland, Rights MADRID
WARSAW, Sept 5 (Reuters) - Poland's central bank cut its main interest rate by 75 basis points to 6.00% on Wednesday, in a shock decision ahead of October elections that sent the zloty currency tumbling against the euro. The National Bank of Poland (NBP) said it took the decision because it expects inflation to return to target faster than originally expected. It said that the adjustment to interest rates would be "conducive to meeting the NBP inflation target in the medium term". NBP Governor Adam Glapinski had previously signalled that a rate cut could come in September if inflation fell to single digits. "We have already said that it is too early for a rate cut, and certainly such an aggressive rate cut, when the prospects (of a slowdown) in inflation are still distant," said Piotr Bielski, director of the economic analysis department of Santander Bank Polska.
Persons: Adam Glapinski, Piotr Bielski, J.P, Morgan, Wojciech Paczos, Jaroslaw Kaczynski, Anna Koper, Pawel Florkiewicz, Alan Charlish, Anna Wlodarczak, Karol Badohal, Marc Jones, Justyna Pawlak, Nick Macfie, Sharon Singleton, Marguerita Choy Organizations: Reuters, National Bank of Poland, Santander Bank Polska, Cardiff University, Justice, Thomson Locations: WARSAW, NBP, Poland, Pawel
Feb 2 (Reuters) - The chief executive of Poland's Santander Bank Polska (SPL1.WA) said on Thursday the lender plans to share profit with its shareholders through "a solid dividend". The Polish arm of Spain's Banco Santander (SAN.MC) reported a net profit of 2.8 billion zloty ($654.3 million) in 2022, up 152% year on year, helped by high interest rates. "I am optimistic, because all indicators show, the huge capital surplus plus meeting all criteria to pay a solid dividend," CEO Michal Gajewski told a post-earnings media call. The bank paid a dividend of 2.68 zlotys per share on 2021 results. Chief Financial Officer Maciej Reluga added the bank expects its net interest margin to stabilise this year, provided there are no further interest rate hikes.
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