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Banking
Banks making extra profits from
building societies
Three major Polish banks, Pekao, BPH and ING Bank Śląski have accumulated millions in hidden profits at their building societies, a recent survey shows. Modeled after Germany?s bausparkassen, building societies attracted tens of thousands of people lured by promises of cheap loans if they kept their money there for at least three years in low-margin accounts. However, less than a third of all clients actually qualifies for loans and banks are able to invest extra money in higher-yield government bonds.
Building materials
Opoczno slides on IPO
Shares of Opoczno ceramic tile maker fell from their IPO price of 55 zloty on their first day of trading on Friday, declining as much as 3.3 percent in intraday trading only to...
3 miesiące: 949,00 PLN
12 miesięcy: 3 198,00 PLN
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