Bank Gospodarki Zywnosciowej Spólka Akcyjna provides various banking and financial services and services in Poland. The company specializes in agriculture, food economy, and regional infrastructure financing. Its Retail Banking segment offers current accounts, deposit accounts, and term deposits; and housing loans, cash loans, mortgage loans, revolving loans, and overdrafts; debit and credit cards; foreign cash transfer services; foreign exchange transaction services; insurance products and other services; and Internet banking and telephone banking services to inviduals. The company’s Institutional Banking segment provides current and saving accounts, term deposits, business-type cards, and ...
ul. Kasprzaka 10/16
Founded in 1919
Bank Gospodarki Reportedly Keen To Merge With Rabobank Polska
Mar 7 14
Bank Gospodarki Zywnosciowej Spolka Akcyjna (WSE:BGZ) intends to merge with Rabobank Polska S.A. even while Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. is in talks with the Polish FSA to stop the deal, Parkiet reported on March 6, 2014. Bank Gospodarki's President, Józef Wancer, reportedly said that Rabobank had filed a request with the FSA to be released from the merger commitment it had previously made with FSA, but has yet to be given its verdict.
Bank Gospodarki Zywnosciowej Spolka Akcyjna Announces Consolidated Earnings Results for the Year Ended December 31, 2013
Mar 3 14
Bank Gospodarki Zywnosciowej Spolka Akcyjna announced consolidated earnings results for the year ended December 31, 2013. For the year, the company reported interest income was PLN 1,910,852,000 compared to PLN 2,154,916,000 for the same period a year ago. Net interest income was PLN 1,015,428,000 compared to PLN 1,019,805,000 for the same period a year ago. Operating results was PLN 213,300,000 compared to PLN 174,280,000 for the same period a year ago. Profit before income tax was PLN 202,221,000 compared to PLN 173,964,000 for the same period a year ago. Net profit attributable to equity holders of the Bank was PLN 160,144,000 compared to PLN 130,049,000 for the same period a year ago. Earnings per share basic and diluted was PLN 3.14 compared to PLN 2.86 for the same period a year ago. Net cash used in operating activities was PLN 1,190,570,000 compared to net cash from operating activities of PLN 3,441,354,000 for the same period a year ago. Purchase of financial assets available for sale was PLN 188,594,255,000 compared to PLN 95,168,031,000 for the same period a year ago. Purchase of intangible assets, and property, plant and equipment PLN 89,482,000 compared to PLN 86,198,000 for the same period a year ago.
Four Companies Reportedly Place Bids For BGZ
Dec 5 13
Four firms are interested in acquiring stake in Bank Gospodarki Zywnosciowej Spólka Akcyjna (WSE:BGZ) (BGZ). Puls Biznesu reported that four possible buyers have expressed interest in acquiring BGZ from Rabobank International Holdings B.V. The four suitors include Banco Santander, S.A. (CATS:SAN), BNP Paribas SA (ENXTPA:BNP), Bank Polska Kasa Opieki Spólka Akcyjna (WSE:PEO), and Powszechny Zaklad Ubezpieczen Spólka Akcyjna (WSE:PZU). The report added that BNP Paribas was offering PLN 4 billion and seemed the most likely winner, but at the final stage of the procedure it was outbid by Santander, which offered PLN 100 million more. Regardless of which bidder is selected the Financial Supervision Authority may have some reservations due to the size of their business and the possible threat of excessive concentration on the market.