July 23, 2014 12:41 PM ET

Banks

Company Overview of Kredyt Bank Spolka Akcyjna

Company Overview

As of January 4, 2013, Kredyt Bank Spolka Akcyjna was acquired by Bank Zachodni WBK SA. Kredyt Bank Spolka Akcyjna provides a range of banking products and services to individual customers, business entities, and local authorities primarily in Poland. The company accepts deposits, such as call and term deposits; offers loans, bank guaranties, letters of credit, securities, checks and bills of exchange, and warrants; and issues bank securities, payment cards, and electronic money instruments. It also engages in bank settlement, forward financial operations, brokerage, lease, factoring, underwriting, forfeiting, and insurance agency activities; purchases and disposes debt; stores valuable item...

ul. Kasprzaka 2/8 Street

Warsaw,  01-211

Poland

Founded in 1990

Phone:

48 22 634 5400

Fax:

48 22 634 5335

Key Executives for Kredyt Bank Spolka Akcyjna

Kredyt Bank Spolka Akcyjna does not have any Key Executives recorded.

Kredyt Bank Spolka Akcyjna Key Developments

Kredyt Bank Spolka Akcyjna Reports Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012; Announces Consolidated and Standalone Net Impairment Losses for the Third Quarter Ended September 30,2012

Kredyt Bank Spolka Akcyjna reported consolidated and standalone earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, on consolidated basis, the company reported net interest income of PLN 205,861,000 compared to PLN 298,443,000 for the same period a year ago. Total operating income was PLN 433,958,000 compared to PLN 403,441,000 for the same period a year ago. Net operating income was PLN 142,697,000 compared to PLN 77,993,000 for the same period a year ago. Profit before tax was PLN 142,697,000 compared to PLN 79,074,000 for the same period a year ago. Net profit attributable to the shareholders of the bank was PLN 110,264,000 or PLN 0.41 per share compared to PLN 60,783,000 or PLN 0.22 per share for the same period a year ago. Net cash flow from operating activities was PLN 2,451,243,000 compared to PLN 622,977,000 for the same period a year ago. Acquisition of property, plant and equipment, intangible assets and investment properties was PLN 18,554,000 compared to PLN 9,054,000 for the same period a year ago.   For the nine months, on consolidated basis, the company reported net interest income of PLN 601,803,000 compared to PLN 882,245,000 for the same period a year ago. Total operating income was PLN 1,194,816,000 compared to PLN 1,249,510,000 for the same period a year ago. Net operating income was PLN 323,876,000 compared to PLN 373,238,000 for the same period a year ago. Profit before tax was PLN 324,895,000 compared to PLN 376,124,000 for the same period a year ago. Net profit attributable to the shareholders of the bank was PLN 228,919,000 or PLN 0.84 per share compared to PLN 282,700,000 or PLN 1.04 per share for the same period a year ago. Net cash flow from operating activities was PLN 4,121,377,000 compared to PLN 202,916,000 for the same period a year ago. Acquisition of property, plant and equipment, intangible assets and investment properties was PLN 67,308,000 compared to PLN 35,802,000 for the same period a year ago. Book value per share was PLN 12.53 compared to PLN 11.16 for the same period a year ago.   For the quarter, on standalone basis, the company reported net interest income of PLN 199,289,000 compared to PLN 293,571,000 for the same period a year ago. Total operating income was PLN 416,149,000 compared to PLN 387,975,000 for the same period a year ago. Profit before tax was PLN 136,039,000 compared to PLN 74,574,000 for the same period a year ago. Net profit was PLN 104,240,000 compared to PLN 57,475,000 for the same period a year ago. Net cash flow from operating activities was PLN 2,466,641,000 compared to PLN 619,345,000 for the same period a year ago. Acquisition of property, plant and equipment, intangible assets and investment properties was PLN 18,587,000 compared to PLN 8,535,000 for the same period a year ago.   For the nine months, on standalone basis, the company reported net interest income of PLN 586,710,000 compared to PLN 861,241,000 for the same period a year ago. Total operating income was PLN 1,125,590,000 compared to PLN 1,196,178,000 for the same period a year ago. Profit before tax was PLN 292,930,000 compared to PLN 358,098,000 for the same period a year ago. Net profit was PLN 205,006,000 compared to PLN 269,642,000 for the same period a year ago. Net cash flow from operating activities was PLN 4,229,887,000 compared to PLN 232,320,000 for the same period a year ago. Acquisition of property, plant and equipment, intangible assets and investment properties was PLN 67,272,000 compared to PLN 34,478,000 for the same period a year ago. Book value per share was PLN 12.34 compared to PLN 11.08 for the same period a year ago.   The company announced consolidated net impairment losses on financial assets, other assets and provisions for the third quarter ended September 30, 2012, were PLN 54,211,000 compared to PLN 50,108,000 for the same period a year ago.   The company announced standalone net impairment losses on financial assets, other assets and provisions for the third quarter ended September 30, 2012, were PLN 52,745,000 compared to PLN 49,384,000 for the same period a year ago.

Kredyt Bank Spolka Akcyjna Presents at Moody's 6th Annual Poland Credit Risk Conference, Oct-17-2012 02:15 PM

Kredyt Bank Spolka Akcyjna Presents at Moody's 6th Annual Poland Credit Risk Conference, Oct-17-2012 02:15 PM. Venue: Warsaw, Poland. Speakers: Jakub Borowski, Chief Economist.

Kredyt Bank Spolka Akcyjna Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012

Kredyt Bank Spolka Akcyjna reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net interest income of PLN 178,199,000 compared to PLN 298,436,000 a year ago. Total operating income was PLN 379,543,000 compared to PLN 433,653,000 a year ago. Profit before tax was PLN 105,881,000 compared to PLN 119,686,000 a year ago. Net profit attributable to the shareholders of the Bank was PLN 62,513,000 or PLN 0.23 per share compared to PLN 87,893,000 or PLN 0.32 per share a year ago. Net cash inflow from operating activities was PLN 751,242,000 compared to net cash outflow from operating activities of PLN 1,987,977,000 a year ago. Acquisition of property, plant and equipment, intangible assets and investment properties was PLN 18,776,000 compared to PLN 15,456,000 a year ago. For the six months period, the company reported net interest income of PLN 395,942,000 compared to PLN 583,802,000 a year ago. Total operating income was PLN 760,858,000 compared to PLN 846,069,000 a year ago. Profit before tax was PLN 182,198,000 compared to PLN 297,050,000 a year ago. Net profit attributable to the shareholders of the Bank was PLN 118,655,000 or PLN 0.44 per share compared to PLN 221,917,000 or PLN 0.82 per share a year ago. Net cash inflow from operating activities was PLN 1,670,134,000 compared to net cash outflow from operating activities of PLN 420,061,000 a year ago. Acquisition of property, plant and equipment, intangible assets and investment properties was PLN 48,754,000 compared to PLN 26,748,000 a year ago.

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