The Polish antimonopoly regulator KNF is pushing WSE-listed lenders to cut dividends. According to Andrzej Jakobiak, head of the Polish Financial Supervision Commission, banks must increase their capital surplus to help balance the negative sentiment on the financial markets. The KNF said in a statement that the capital bases of the country’s financial institutions need to be strengthened in order to to provide them with the stability and security needed to grow.
There are currently 13 banks listed on the Warsaw Stock Exchange. Polish insurers, brokerage houses and pension funds will also be impacted by the KNF’s decision, according to the daily Puls Biznesu.
