Poland - Factors to watch March 14
Following are news stories, press reports and events to watch that may affect Poland's financial markets on Wednesday. ALL TIMES GMT (Poland: GMT + 1 hour): PEKAO Poland's second-largest lender Bank Pekao SA may announce a takeover of Alior Bank by the end of the month, the daily Gazeta Wyborcza reported, citing undisclosed sources.
PGNiG Poland's state-run gas firm PGNiG on Wednesday confirmed its 2017 net profit at 2.92 billion zlotys ($859.1 million).
KGHM Poland's KGHM, one of the world's biggest copper and silver producers, is expected to report a fourth-quarter net profit of 522 million zlotys when it publishes its financial results on Wednesday. PKN ORLEN A planned merger between PKN Orlen and Grupa Lotos may take up to a year, Marcin Mataczynski, the mastermind behind the fusion, told the Dziennik Gazeta Prawna daily in an interview.
PERSONAL INVESTMENT Poles invested 44 billion zlotys in 2017, chiefly in real estate, the business daily Puls Biznesu reported, citing a report by financial advisory Open Finance.
PERSONAL DEBT The number of people younger than 25 years old who took up loans in 2017 was up by a third, the daily Rzeczpospolita reported, citing data.
****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****
For other related news, double click on: Polish equities E.Europe equities Polish money Polish debt Eastern Europe All emerging markets Hot stocks Stock markets Market debt news Forex news For real-time index quotes, double click on: Warsaw WIG20 Budapest BUX Prague PX ($1 = 3.3831 zlotys) ($1 = 3.3989 zlotys) (Reporting by Warsaw Bureau; editing by Jason Neely)
