Number of insolvencies up by 14% y/y in H1

The number of insolvencies of Polish companies increased by 14 percent y/y to 580 in the period from January to July 2018, according to Euler Hermes on the basis of official data from Court and Economic Monitor. The transport sector saw the most insolvencies where the y/y increase amounted to 29 per...

Alior Bank and Bank Pekao call off merger

The management boards of Alior Bank and Bank Pekao have decided to end analyzes and negotiations regarding their possible merger. It was considered that, taking into account the current valuation of both companies, the analysis of profitability and feasibility, the more beneficial option from the sh...

KIR settled 155.95 million transactions worth PLN 454 bln in July 

In July, The National Clearing House (KIR) settled in the Elixir system 155.95 million transactions with a total value of PLN 454 billion. In the Express Elixir system, for the first time in the system’s history, the monthly number of settled transactions exceeded 1 million, and their value am...