Higher premiums, improved profitability, reduction of fixed costs consequently, higher than 32% of earnings – the conclusions of published on 25th August 2011 the Group’s financial results Capital PZU SA. PZU Group’s financial results in the first half of 2011 were shaped primarily by: Growth in premiums written in the PZU Group business segment PZU [...]

Continue reading...

In the second quarter of 2011, the Bank achieved a consolidated net profit of 714 mln PLN, which means an annual increase of 15.4 percent. This was possible thanks to double-digit growth in gross operating profit by 16.0 percent. through accelerating revenue growth and strict cost control, the growth rate was well below the level [...]

Continue reading...

After the June increase in interest rates gave the Monetary Policy Council signal that monetary tightening cycle has been suspended next few months. After the high inflation reading in May, her annual rate may be closer to 4 percent. – BRE experts predict Bank, in the most recent, monthly economic review. As expected, the MPC [...]

Continue reading...

Gross premiums written by Generali Group Poland in H1 2010 up to PLN 883.7 million, by 9% versus 3,6% of the market growth in Q1 Premiums written up by 10% in life insurance and up by 7% in non-life insurance Life single premiums grow by 29% (6 times faster than the market) Generali OFE: highest [...]

Continue reading...

Exports to China grow, reaching a growth rate in May, up 48.5% year on year. The Chinese government aware of the risks of inflation has decided to take action to eradicate it. For example, wages increase by only 7-8% this year compared with a much higher average level of 15%. Government policy is therefore good [...]

Continue reading...