XTB Allocates 2017 First-Half Profits to Boost Capital Reserves

[kreslik.news]

Publicly listed Polish FX and CFDs brokerage XTB today tried to end its run of bad news as it unveiled a new measure to allocate its first half profits – PLN 24.5 million (USD 6.9 million) – to boost its tier 1 capital reserves, which consist of shareholders’ equity and retained earnings.

Following the decision, XTB expects a sharp rise in its core capital ratio after making use of higher profits and proceeds from the H1 activities to bolster its finances. It added that the decision will facilitate the implementation of its growth strategy, particularly in terms of expanding business to ... (read more)