Polish banks granted PLN 19.4 billion in new loans in February, up by 8.1 percent y/y, data from the central bank NBP showed.
Poland’s state-owned lender BGK has granted PLN 46.186 billion in guarantees for loans worth some PLN 82.22 billion issued to SMEs as of end-February under the state program of ‘de minimis’ credit guarantees, the bank said.
According to the Ministry of Finance, in Q2, between 3-5 tenders will be organized, and the ministry plans to sell PLN 15-25 billion worth of bonds during them. The government is also planning a 1-3 swap bonds auctions.
The Ministry of Finance has informed that Poland recorded a budget surplus of PLN 4.46 billion at end-February. During that period, PIT revenues increased by 13.4 percent, while CIT revenues were up by 17.2 percent y/y, while VAT revenues grew by PLN 12.3 percent.
The Pengab index, which measures conditions in the banking industry, increased by 7.6 points month-to-month to 29.6 points in March, according to the Monitor Bankowy report issued by Kantar TNS. Last year, the indicator stood at 30.3 points.
Ratings agency Moody’s upgraded Poland’s GDP outlook for 2018 to 4.3 percent from the previous 3.5 percent estimate. The agency added that this forecast is based on the assumption, that the conflict between Warsaw and Brussels will not escalate. “Judicial reform reduces the risk of weakening the ind...
The Ministry of Finance sold PLN 3 billion worth of bonds on auction. The five series will mature in 2020, 2023,2024, and 2028 (two series). Investor interest was at PLN 6.6 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 50 percent.
Last year, the average disposable income per person increased to PLN 1,598 from PLN 1,475 in 2016, Central Statistics Office GUS reported. In 2015, the income stood at PLN 1,386.
The Economic Sentiment Indicator (ESI) for Poland, calculated by the European Commission, decreased to 110 points in March, down by 2 points m/m.
Foreign nationals spent some PLN 41.5 billion last year in Poland on goods and services, data from the Central Statistics Office (GUS) showed. In comparison, Poles spent PLN 20.1 billion during their visits abroad. Both figures represent 6.2 and 6.1 percent increase y/y respectively.