Report
Research Team

WOOD Daily: MBK PW; CTPNV NA; EU Macro; TL Macro; CZ Macro; GPW PW; CPS PW; SNP RO

HEADLINES:
• mBank: 2Q24E CHF mortgage saga cost at PLN 1bn NEGATIVE
• CTP: issues EUR 500m unsecured loan at 4.7% fixed, buys back EUR 500m of outstanding bonds POSITIVE
• Europe macro: June surveys confirm stagnant industry, but rising inflation expectations
• Türkiye macro: CBT extends the hawkish hold
• Czech Republic macro: CNB preparing the ground for slower rate cuts
• Warsaw Stock Exchange: OGM approves dividend of PLN 3/share NEUTRAL
• Cyfrowy Polsat: to invest in 500 MW wind farm project with ZE PAK NEUTRAL
• OMV Petrom: signs contract for HVO feedstock NEUTRAL
• Short News (MTELEKOM)
Underlyings
Cyfrowy Polsat SA

MBANK SA

mBank is a provider of comprehensive corporate banking services in Poland. Co. and its subsidiaries make up the mBank Group which is engaged in offering financial services. Co.'s service offering includes a comprehensive financial offer tailored to the needs of corporate clients, Private Banking clients, and retail clients. The business activities of Co. is conducted in the following business segments: Retail Banking and Corporates and Markets.

Petrom S.A.

Warsaw Stock Exchange

Gielda Papierow Wartosciowych w Warszawie SA (Warsaw Stock Exchange, GPW) is a Poland-based stock exchange. It is a parent entity of WSE Group that offers products and services within its trading markets of equity, derivate, fixed income and structured products. It also distributes market data. The Company has two business lines: Financial market, which includes trading in equities, derivatives, fixed-income and other instruments, listing, and information services; and Commodity market, which includes trading in electricity and property rights in certificates of origin, operation of a register of certificates of origin, clearing, trade and technical trade operator services. As of December 31, 2011, it operates two wholly owned subsidiaries, WSEInfoEngine SA, providing data transmission and information services; and Instytut Rynku Kapitalowego WSE Research SA, engaged in publishing; as well as 92.47%-owned BondSpot SA.

Provider
Wood and Company
Wood and Company

WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.

A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.

Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.

We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.

Analysts
Research Team

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