Poland’s largest bank by assets PKO BP should retain at least 50% of 2015 profit to meet financial market regulator’s hopes for the bank’s solvency levels, the bank said in a market filing.
“Bank also received a recommendation to increase total own funds by retaining at least 50% of the profit of the period from 1 January to 31 December 2015,” the filing read.
Poland’s regulator KNF tweaked its demands for additional capital to back the group’s FX-mortgage book, the filing showed. That requirement is trimmed to 74 bps from 76 bps, of which 75% must be tier 1 coverage.
