PZU could see profits drop PLN400m if interest rate cut
Poland's largest insurer Powszechny Zaklad Ubezpieczen S.A. has said its net profit could fall by 400m zlotys (€95.4m) if the country's key interest rate declines further.
PZU Chief Executive Andrzej Klesyk told Polish daily Rzeczpospolita on Thursday that a fall in the key interest rate by one percentage point would result in net profit dropping by 400m zlotys, though
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