http://www.brebank.pl/en/Welcome in BRE Bank RSS ChannelENCopyright BRE Bank 2006redakcjaportalu@brebank.plredakcjaportalu@brebank.plFri, 03 Feb 2012 15:36:26 +0100Fri, 03 Feb 2012 15:36:26 +0100AMG.net RSSGeneratorhttp://www.brebank.pl/bre_bank_news/rss/http://www.brebank.pl/images/common/bre_logo_rss_new.pnghttp://www.brebank.pl/13425PMI in Polish manufacturing sector grew by 3.4 pts to 52.2 pts and returned after two months to recovery-levels above 50 pts. Contrary to previous months firms reported an increase in new orders, which in turn generated faster production growth and halted the decline in employment initiated one month before. Central to the recovery in momentum in January was a resumption of new business growth, which increased at the sharpest pace since last August. As a result in January also new orders to production ratio reversed after half year decline. Survey data signaled a robust increase in new export orders revealing improvement in European demand, which was also mentioned directly by respondents. Exporters' activity is supported by relatively weak Zloty, which acts as an automatic stabilizer in the economy.http://www.brebank.pl/en/economic_review/macroeconomics/poland_weekly?id=21684Fri, 03 Feb 2012 15:01:26 +0100Warsaw's transportation authority awarded a contract for advertising space on 477 bus shelters in the city to Agora’s subsidiary Adpol for ca. PLN 2.7m per year. Good news, especially in the context of the upcoming European soccer championship, which could boost the revenues of the Warsaw outdoor advertising segment.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=21681Fri, 03 Feb 2012 10:15:46 +0100Of the 22 consortia that applied to be allowed to bid for a contract for the construction of a Warsaw stretch of the S8 expressway, 20 have been admitted. The estimated value of the contract exceeds PLN 1bn. Poland’s road authority GDDKiA is preparing six more contracts with total value of PLN 1.1bn, including bypasses around Leżajsk, Szczurzyn and Nowe Miasto Lubawskie.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=21677Thu, 02 Feb 2012 10:15:18 +0100Erbud reported weaker-than-expected results for Q3 2011, and the fourth-quarter figures are expected to show flat growth relative to the same period in 2010. The company has been generating low margins on ongoing general contracting jobs, but the margins provided by new contracts for delivery in 2012 look better.http://www.brebank.pl/en/economic_review/Capital_Market_Trades_and_Companies/Research_Report?id=21645Wed, 01 Feb 2012 17:45:24 +0100Elektrobudowa reported weak financial results in the first half of 2011 caused by low capacity utilization at its switchgear factory which cost the company PLN 8m in lost operating profits. The improvement recorded in the third quarter is expected to continue into 2012.http://www.brebank.pl/en/economic_review/Capital_Market_Trades_and_Companies/Research_Report?id=21646Wed, 01 Feb 2012 17:45:18 +0100Millennium expects its interest margin (on interest-bearing assets) to level off at ca. 2.5% in 2012, i.e. the 2011 level. Millennium also assumes that its volumes will expand in 2012 in the retail and corporate segments alike.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=21668Wed, 01 Feb 2012 10:15:59 +0100According to a report that was released yesterday by the NBP, assuming that interchange fees in Poland are gradually lowered to the current EU average of 0.7-0.8%, the Polish banks’ income from interchange fees would decline from PLN 1.43bn in 2011 to PLN 1.02bn in 2016, i.e. to a level on a par with the 2009 result.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=21664Tue, 31 Jan 2012 10:15:39 +0100We estimate the average capitalization rate across Echo Investment’s portfolio at 8.3%, but this is a very conservative estimate given that the company has a nearly 100% occupancy rate in its finished properties, and that 85% of the portfolio's value is provided by prime properties.http://www.brebank.pl/en/economic_review/Capital_Market_Trades_and_Companies/Research_Report?id=21636Mon, 30 Jan 2012 17:45:53 +0100About 47% of GTC’s commercial spaces are located in Poland and Czech Republic who are among Europe’s top destinations for real-estate investment. Going forward, these two markets are expected to continue growing, driven by stronger economic growth and more attractive capitalization rates than are offered by the “old” EU member states.http://www.brebank.pl/en/economic_review/Capital_Market_Trades_and_Companies/Research_Report?id=21635Mon, 30 Jan 2012 17:45:23 +0100Dziennik Gazeta Prawna reports that the Russian Sberbank is considering a Warsaw listing in order to win over the Polish banking regulator prior to its planned acquisitions of Polish assets. In 2011, Sberbank bought the Austrian Volksbanks International and the Swiss SBL Capital. Currently, the Russians are negotiating a takeover of the Turkish Deniz Bank.http://www.brebank.pl/en/economic_review/Capital_Market_Stock_Exchange/morning_comments?id=21659Mon, 30 Jan 2012 10:15:50 +0100