fastFT: Market-moving news and views, 24 hours a day - FT.com:
"One of the most successful recent banking start-ups in Europe has hit a serious bump.
Shares in Poland's Alior Bank plunged by as much as 22 per cent on Friday morning on the Warsaw Stock Exchange following a profit warning released Thursday evening due to a change in accounting standards for insurance fees by the country's banking sector regulator, reports the FT's Jan Cienski.
Alior's management estimated that the change will have a negative impact of 105m zlotys ($34m) on third quarter net profit and will lower its core equity tier one capital ratio from 14.54 per cent to 12.24 per cent."
'via Blog this'
No comments:
Post a Comment