Rallying stocks of Polish banks drove the main index of the
The bourse’s separate banking index, WIG-Banki, gained 2.25% to 7,052.6 points, the highest level in over a month. Investors rallied to buy banking shares on the back of lenders’ good results in the second quarter.
The
PKO BP is presenting its Q2 report on
Throughout August so far, major banks ING BSK, Pekao, and Alior all posted positive second-quarter results with profits soaring and impairment in steep decline.
Polish banks are seen servicing a credit boom, fuelled by post-pandemic consumer optimism and firms resuming investment. Poland’s ultra-low interest rates are also conducive to increased lending.
©2021 bne IntelliNews
, source