Bank BPH S.A. provides a range of banking products and services to private individuals, small and medium-sized enterprises, and corporate customers primarily in Poland. The company is engaged in receiving financial deposits, maintaining bank accounts, extending loans, executing bank monetary payments, and conducting banking activities. It offers a range of products and services, including cash loans, mortgage loans, consumer loans, personal accounts, and savings and deposit accounts, as well as current account products with the package of various banking services. The company also provides investment funds and structured products, credit cards, debit cards, custody products, payment services...
ul. płk. Jana Pałubickiego 2
BPH Under Special Remedial Measures
Dec 3 14
General Electric Company (NYSE:GE) (GE) was planning to sell Bank BPH SA (WSE:BPH). The regulator's requirement has hampered GE's plans to sell the unit. Bank BPH has been under the special measures, such as providing financial projections and action plans to the watchdog, since 2010 after it sustained losses. GE was looking to sell 90% stake in BPH.
Bank BPH SA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment Charge for the Third Quarter of 2014
Nov 6 14
Bank BPH SA reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of PLN 231,860,000 compared to PLN 232,574,000 a year ago. Net fee and commission income was PLN 67,146,000 compared to PLN 82,637,000 a year ago. Profit before income tax was PLN 51,278,000 compared to PLN 77,234,000 a year ago. Profit for the period was PLN 37,821,000 compared to PLN 61,366,000 a year ago. Diluted earnings per share was PLN 0.49 compared to PLN 0.80 a year ago. Book value per share as of September 30, 2014 was PLN 54.33.
For the nine months, the company reported net interest income of PLN 695,791,000 compared to PLN 734,247,000 a year ago. Net fee and commission income was PLN 225,530,000 compared to PLN 252,831,000 a year ago. Profit before income tax was PLN 148,684,000 compared to PLN 292,900,000 a year ago. Profit for the period was PLN 113,752,000 compared to PLN 251,482,000 a year ago. Diluted earnings per share were PLN 1.48 compared to PLN 3.28 a year ago. Net cash flows used in operating activities was PLN 59,396,000 compared to net cash flows from operating activities was PLN 1,988,697,000 a year ago. Purchase of property and equipment and intangible assets was PLN 40,570,000 compared to PLN 56,119,000 for the same period a year ago.
The company reported impairment charge for the third quarter of 2014. For the period, the company reported impairment charge of PLN 22,443,000 compared to PLN 16,052,000 a year ago.
GE Reportedly Mulls To Sell Bank BPH
Oct 21 14
General Electric Company (NYSE:GE) has decided to sell Bank BPH SA (WSE:BPH) as part of its retreat from the banking business globally. Now, GE has hired Goldman Sachs, Merrill Lynch, UBS and Barclays to find a buyer for BPH, with the plan already approved by Poland's financial market watchdog (KNF) according to Puls Biznesu. One banker cited by the newspaper says that Santander UK plc will be the most likely institution to fight for BPH, but BNP Paribas SA (ENXTPA:BNP), Crédit Agricole Corporate and Investment Bank S.A., Societe Generale Group (ENXTPA:GLE) and Deutsche Bank AG also want to make us of the opportunity to boost their share in the Polish market.