Banking situation stable in first half of 2016: KNF
The situation in the banking sector remained stable in the first half of 2016, due to robust GDP growth and record low interest rates, according to a report by the Polish Financial Supervision...
View ArticleLaw on spreads would cost banks PLN 9.3 bln – KNF
The Polish Financial Supervision Authority (KNF) estimates that the total costs for banks of implementing the presidential draft law on spreads would be PLN 9.3 billion, the KNF informed in an opinion...
View ArticleTop Polish banks see 33% quarterly drop in profits
Poland’s nine top WSE-listed banks are likely to post an over 30 percent decline in aggregate net profit in Q3, after Q2 earnings were padded by the sale of the Polish stake in Visa Europe. The total...
View ArticleDeutsche Bank AG pulling out of Poland – banking industry sources
A report on Wednesday stated that it had strong evidence from industry sources indicating Deutsche Bank AG will close its unit in Poland within the next year, according to Reuters news. “The axe is...
View ArticleAlior Bank to lay off employees in 2017
Alior Bank announced on Friday that it would lay off up to 2,600 of its employees as a part of its plan to reorganize, restructure and “maximize its potential,” following the bank’s merger with Bank...
View ArticleBanks’ expenses, profits both up – GUS
During the period Q1-Q3 operating expenses across Polish banks increased by an average of 13.8 percent, y/y, according to information from the Central Statistical Office released on Friday. The report...
View ArticleBanking environment in Poland steady in 2016 – KNF
The situation of Polish banks during Q1 – Q3 remained stable, and there has been a strengthening of the capital base of banks, the Polish Financial Supervision Authority (KNF) – Poland’s official...
View ArticleIncome from banks’ foreign activities increase in 2016 – KNF report
The net profit of Poland’s banking sector containing foreign branches amounted to PLN 13.07 billion between January and November 2016, recording a 20 .5 percent increase over the same period of 2015,...
View ArticleMore than one-third of bankers predict a ‘better year’ ahead – TNS survey
Customer research organization Kantar TNS, which specializes in providing advice to businesses in the areas of client relations and innovation, reported that 33 percent of bankers it surveyed believe...
View ArticlePolish banks to tighten criteria for mortgages & business loans – NBP survey
Polish lenders expect to tighten lending criteria for mortgages and business loans in Q1, while leaving criteria for consumer loans largely intact, according to a survey on the credit market situation...
View ArticlePolish banks with nearly PLN 14 bln profits last year – KNF
The Polish bank sector had PLN 13.91 billion in net profits last year, according to data released by the financial authority watchdog KNF, which is a 24.3 percent increase y/y. Such good result is...
View ArticleNBP: Bank profits down by 29.1% in January
The net profit of the Polish banking sector in January amounted to PLN 817 million, a 29.1 percent drop y/y, the data from the Poland’s Central Bank (NBP) showed. Profits from interest grew by 11.1...
View ArticlePolish banking sector stable – KNF head
The Polish banking sector is stable and solvent, with major challenges ahead including the FX loan conversion bill, financial market watchdog KNF President Marek Chrzanowski said during a public...
View ArticlePolish banking sector ‘exemplary’– NBP head
Poland’s banking sector stability is exemplary, the situation of the sector is good and FX mortgages do not pose a risk for sector stability, Poland’s Central Bank (NBP) head Adam Glapiński said. “We...
View ArticlePolish banks face more consolidation in 2017 – KNF
Polish banking sector will likely continue the consolidation process in 2017. “The process of consolidation and takeovers in 2017 will probably advance and it will probably follow from conditions at...
View ArticleNBP: Bank profits inches up in February
The net profit of the Polish banking sector in February amounted to PLN 845 million, a 1.6 percent increase y/y, the data from the Poland’s Central Bank (NBP) showed. Profits from interest grew by 11.1...
View ArticleBanking sector net down by 16.8% at end-February
Poland’s banking sector recorded an aggregated net profit of PLN 1.66 billion at end-February, according to data from the Financial Supervision Authority (KNF), representing a 16.8 percent decline y/y....
View ArticleNBP: banks expect flat demand for loans in Q2
According to a survey conducted by Poland’s Central Bank (NBP), the banks don’t expect a major shift in demand for loans in Q2, despite not planning any further changes to the lending criteria, which...
View ArticlePZU plans no new banking acquisitions
Poland’s largest insurer PZU is not planning any new acquisitions in the banking sector, however its banking units might be, company’s CEO Paweł Surówka said in an interview with the Polish Press...
View ArticleBank profits down in Q1
The net profit of the Polish banking sector in Q1 amounted to PLN 2.84 billion, a 11.1 percent decline y/y, the data from the Poland’s Central Bank (NBP) showed. In March alone, profits amounted to PLN...
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