Profil:
Bank Handlowy SABank Handlowy takes write-down of PLN 252 mln, which will burden Q4 ‘24 results
The supervisory board of Bank Handlowy, the Warsaw-listed unit of Citigroup, has taken a write-down reducing the book value of the retail banking segment's non-current assets in the total amount of PLN 252 million (EUR 59.9 mln), which will burden the results in the fourth quarter of 2024, the bank said in a market filing.
As stated, the event is a one-off and the bank's capital and liquidity ratios remain materially above regulatory requirements.
The bank's financial results for 2024 are scheduled to be published on March 12, 2025.
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